In the “The Silk Road” video, we learn that the “silk road” is a long, unique path that that represented the only route for merchants to get to Persia for the purpose of trade. This single transportation route was given this name. 

The only thing that makes it difficult to defect from North to South is the large number of soldiers who are stationed along the DMZ. 

A country’s trade balance (deficit or surplus) has everything to do with what is going on in the Capital Account. The two sides of the Balance of Payments are interdependent. 

If imports are greater than exports, then we know there is a  trade deficit. 

The idea of interest rate parity explains that investors are better off if they move funds from one country to another in order to take advantage of higher rates of return. 

In this unit, we have learned that inflation is a driver of exchange rates in the long run. And, as we learned in our principles of economics courses, inflation is a microeconomic issue. 

Burma was relatively prosperous until the early 1990s. 

Burma is in the middle of the pack in terms of GDP per capita in SE Asia. 

A nurse is caring for a client admitted with Cholecystitis (inflammation of the gall bladder). What is the key assessment, or focused assessment, for this client?

North Koreans are giving the freedom to travel within the country. But it is impossible to travel outside of the country.