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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The Iran-Contra Affair was a secret U.S. arms deal that traded missiles and other arms to free some Americans held hostage by terrorists in Lebanon but also used funds from the arms deal to support armed conflict in Nicaragua. The controversial deal—and the ensuing political scandal—threatened to bring down the presidency of Ronald Reagan to the point where impeachment was considered. It caused massive distrust in the government and its agencies
Explanation:
There was great tension between pro-slavery and anti-slavery representatives over how new territories won would handle the issue of slavery.
The Mexican-American War and the 1848 Treaty of Guadalupe Hidalgo, forced onto the remnant Mexican government, drew some criticism in the U.S. for their casualties, monetary cost, and heavy-handedness. Furthermore, the question of how to treat the new acquisitions also intensified the debate over slavery and in many ways inflamed it, as potential westward expansion of the institution took an increasingly central and heated theme in national debates preceding the American Civil War.
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D, oil was discovered on the Arabian peninsula.
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It lowered the cost of shipping produce from farms to cities
/ Easier to move produce to other areas
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