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If a person sits on a cool floor, heat from that person is transferred to the floor. This is an example of
Foreign Demand
The desire and willingness of buyers from other countries to purchase goods and services.
Dollar Depreciates
A decrease in the value of the U.S. dollar relative to other currencies in the foreign exchange market, making foreign goods more expensive and U.S. exports cheaper.
Gold Standard
A monetary system in which the value of a currency is directly linked to a specified amount of gold, allowing currency to be exchanged for gold at the fixed rate.
Trade Deficit
An economic condition where a country's imports exceed its exports over a certain period, leading to negative net exports.
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