Key Terms Instructions: Please Define the Following Key Terms

question 10

Essay

Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Jacobins

---

Definitions:

Net Exports

The difference between a country's total value of exports and its total value of imports, indicating whether it has a trade surplus or deficit.

Purchasing-power Parity

A theory in economics that states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.

Nominal Exchange Rate

The rate at which one currency can be exchanged for another without adjusting for inflation.

Prices

The amount of money required to purchase a good or service.