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:
OHe showed religious and political tolerance to conquered peoples.
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Explanation:
To achieve this, Cyrus left local rulers in place after conquering a region, and he allowed the local population to continue practicing their preferred religious traditions. These policies ensured that conquered regions continued to function economically and reduced the chance that they would rebel against him.
Answer:
This was the start of trade by the Europeans which eventually led to colonization. The two ways in which the technological innovations lead to the age of exploration were; (i) They allowed sailors to go on longer voyages. (ii) They helped navigators map the coastlines
Explanation: