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WEIGHT: When applied to location theory, the relative attractive force of one activity to another based on transportation cost. The weight of an activity in this context is comparable to the weight of matter subject to gravitation forces. The weight of an activity is greater if it incurs higher transportation cost. As such, it is attracted, or pulled, to other activities to reduce transportation cost. With the weight (transportation cost) of an activity is often related to physical weight (heavier items cost more to move), it need not be. Other factors affecting weight include special handling (security, comfort) and type of transportation (walking, automobile, airplane).

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Lesson 11: Circular Flow | Unit 4: Foreign Page: 16 of 22

Topic: Foreign Trade <=PAGE BACK | PAGE NEXT=>

The foreign sector is the fourth and last circular flow sector.
  • The foreign sector is households, businesses, and governments outside the domestic economy (including other planets).
  • Market exchanges are a natural means of addressing the scarcity problem. Mutually beneficial exchanges aren't limited by geographic location or political boundaries.
  • Foreign trade, the exchange among buyers and sellers in different nations, is an extension of mutually beneficial exchanges among people of the same country.
  • Foreign trade gives us the terms exports and imports.

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EQUILIBRIUM, SHORT-RUN AGGREGATE MARKET

The state of equilibrium that exists in the short-run aggregate market when real aggregate expenditures are equal to full-employment real production with no imbalances to induce changes in the price level or real production. The opposing forces of aggregate demand (the buyers) and short-run aggregate supply (the sellers) exactly offset each other. At the existing price level, the four macroeconomic sectors (household, business, government, and foreign) purchase all of the real production that they seek and producers sell all of the real production that they have.

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APLS

RED AGGRESSERINE
[What's This?]

Today, you are likely to spend a great deal of time browsing about a thrift store trying to buy either a how-to book on wine tasting or a bookshelf that will fit in your closet. Be on the lookout for empty parking spaces that appear to be near the entrance to a store.
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A scripophilist is one who collects rare stock and bond certificates, usually from extinct companies.
"Success is more a function of consistent common sense than it is of genius. "

-- An Wang, industrialist

TIFFE
Tokyo International Financial Futures Exchange (Japan)
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