#forex #money #market | Imports, Exports, and Exchange Rates: Crash Course Economics #15

#forex #money #market | Imports, Exports, and Exchange Rates: Crash Course Economics #15



Imports, Exports, and Exchange Rates: Crash Course Economics #15

Imports, Exports, and Exchange Rates: Crash Course Economics #15



What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins.

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11 Comments
  • EVIE ILES
    Posted at 13:27h, 09 October Reply

    Teacher en languische

  • EVIE ILES
    Posted at 12:47h, 09 October Reply

    Nine law

  • James Mac777
    Posted at 12:06h, 09 October Reply

    The United States of America once had the largest textiles industry, and now we import clothing. It has to do with slave labor, with nations like China willing to push people into substandard living conditions to meet their market demands, because on the industrial scale America should be able to serve themselves better.

  • James Mac777
    Posted at 11:33h, 09 October Reply

    Free trade is an illusion, because it is Government that determines the law, and we are crossing borders that allow Americans to be taken advantage of. We do have to protect ourselves instead of running child-like that illusions like NAFTA benefits Americans, when it causes industry to leave America and then we start supporting the foreign nations who seek that advantage as foreign governments and foreign law: It is not our American job to pay for the world. Part of the problem is the number of governments that nationalize or is a direct business partner in business practices, and this is not just about the self-interested nature of businessmen, where it is the self-interested nature of governments and their agents that are different socialists and kingdom driven beasts (a horse of a different color). The best we can expect is reciprocal trade agreements, but we cannot just turn off the borders, because that means lawlessness and being taken advantage of (borders literally means law, because it is a claim of where the law is). Fences make the best neighbors, and that is what law does, so that we are not lost to the barbarian hoards, pirates, bandits, and thieves that rule the world. We do see people claiming the total freedom of the motto, "don't fence me in," but this total freedom is an illusion, because it takes Government to secure freedom, because we never stop reporting to someone. We do not see our world-wide bill of rights, and instead see kingdom building and materialism with the powers that are claiming total freedom for themselves as ruling lords, and we also see the chilling effect on the law that criminalize the everyman into absolute obedience and silence into the fear of being special and capable that makes everyman noticed and targeted.

  • Rob Brenton
    Posted at 11:11h, 09 October Reply

    The Flying Spaghetti Monster is LORD !!!!

  • ErichLancaster
    Posted at 10:19h, 09 October Reply

    Thanks for this video. Really clear and easy to follow explanation 🙂

  • john case
    Posted at 09:54h, 09 October Reply

    ACDC belt….SWAG

  • Janjan Abc
    Posted at 08:59h, 09 October Reply

    they dont need to talk fast if they are explaining something

  • Tracey Sutton
    Posted at 08:20h, 09 October Reply

    economists are assholes. oh, more importantly, econ101 isn't science.

  • yassin farid
    Posted at 07:38h, 09 October Reply

    Done

  • Caveman gh
    Posted at 07:18h, 09 October Reply

    I have a question: When China and Russia trade in their own currencies what is the exchange rate based on?

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