{"id":8879,"date":"2018-05-29T20:02:03","date_gmt":"2018-05-29T20:02:03","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/chapter\/introduction-to-exchange-rates-and-the-trade-balance\/"},"modified":"2024-04-25T23:15:24","modified_gmt":"2024-04-25T23:15:24","slug":"introduction-to-exchange-rates-and-the-trade-balance","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/chapter\/introduction-to-exchange-rates-and-the-trade-balance\/","title":{"raw":"Introduction to Exchange Rates and the Trade Balance","rendered":"Introduction to Exchange Rates and the Trade Balance"},"content":{"raw":"<h2>What you\u2019ll learn to do: explain how the balance of trade (surplus or deficit) affects the domestic economy<\/h2>\r\n<p><a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2015\/12\/13211529\/businessman-2682712_1920.jpg\"><img class=\"wp-image-10088 aligncenter\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2042\/2018\/05\/29200201\/businessman-2682712_1920-1024x510.jpg\" alt=\"businessman with tablet\" width=\"649\" height=\"323\"><\/a>\r\n<p>In this section, you will learn how&nbsp;fluctuations in exchange rates affect&nbsp;imports and exports, and how changes in imports and exports affect the domestic economy.<\/p>","rendered":"<h2>What you\u2019ll learn to do: explain how the balance of trade (surplus or deficit) affects the domestic economy<\/h2>\n<p><a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2015\/12\/13211529\/businessman-2682712_1920.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-10088 aligncenter\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2042\/2018\/05\/29200201\/businessman-2682712_1920-1024x510.jpg\" alt=\"businessman with tablet\" width=\"649\" height=\"323\" \/><\/a>\n<\/p>\n<p>In this section, you will learn how&nbsp;fluctuations in exchange rates affect&nbsp;imports and exports, and how changes in imports and exports affect the domestic economy.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-8879\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li><strong>Authored by<\/strong>: Steven Greenlaw and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>businessman with tablet. <strong>Authored by<\/strong>: geralt . <strong>Provided by<\/strong>: Pixabay. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/pixabay.com\/en\/businessman-internet-continents-2682712\/\">https:\/\/pixabay.com\/en\/businessman-internet-continents-2682712\/<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/about\/cc0\">CC0: No Rights Reserved<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":29,"menu_order":7,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"\",\"author\":\"Steven Greenlaw and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"businessman with tablet\",\"author\":\"geralt 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