Open Economyan economy that interacts freely with other economies around the worldClosed Economyan economy that does not interact with other economies in the worldImportsgoods and services brought into a nation from another nationExportsGoods and services sold to other countriesBalance of Tradethe difference between a country's total exports and total importsCurrent AccountThat part of the balance of payments recording a nation's exports and imports of goods and services and transfer paymentsTrade DeficitAn excess of imports over exportsTrade Surpluswhen a country exports more than it importsCapital Accountthe measure of the buying and selling of assets between countries.Loadable Fundsis the sum total of all the money people and entities in an economy have decided to save and lend out to borrowers as an investment rather than use for personal consumption.Exchange RateThe measure of how much one currency is worth in relation to another.Appreciate<span>to increase in value</span>
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answer what?
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you didn't have an answer
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Each British colony had its representative in London (colonial agent). In the American colonies, from the very beginning of their creation, the foundations of self-government were laid. In all types of colonies, there were three of them: royal, proprietary and corporate. The Governor personified the power of the sovereign, the Council, or the upper house of the Assembly - the aristocratic power, the House of Representatives - the democratic one. The governors of corporate colonies were elected by assemblies; in the property colonies, governors were appointed by owners of the colonies, and in the royal ones, respectively, by the English king.
South Carolina, which existed from 1663 to 1712, was controlled by the Lords-proprietors - a group of eight English nobles, informally led by Anthony Ashley-Cooper (1st Earl of Shaftesbury). Dissatisfaction with the administration of the colony led to the appointment of the vice-governor in 1691, who controlled the northern part of the colony. The owner of South Carolina, John Archdale, bought this colony in 1691 from the widow of the former owner, Sir William Berkeley. In 1706, Archdale published a description of his colony; he reported that the royal letter authorized the colony owner to establish nobility, that the latter, together with representatives of the lord-owners, constitute the upper house and that the lower house is elected by the people.
Each proprietary colony was characterized by specific system of governance which reflected the geographic factors and the lord proprietor personality. The colonies of Maryland and New York, based on English law and administration practices, were run effectively. But Carolina was mismanaged.
In 1729, the British government bought rights from the heirs of the lords-proprietors and the province became a royal colony.
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It not in effect because it made the slaves seem less than people and also because if south wants a vote to pass they could force the slaves to agree with them.
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In 1830, he signed the Indian Removal Act, which gave the federal government the power to exchange Native-held land in the cotton kingdom east of the Mississippi for land to the west, in the “Indian colonization zone” that the United States had acquired as part of the Louisiana Purchase.
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