Word: surpluses
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...exporters also collect more dollars for their products abroad, and so they sometimes conclude that they can increase their prices at home too. As more American goods flood Europe, Triffin hears the cries rising for protectionism. Americans often overlook the fact that the U.S. enjoyed a $7 billion surplus in trade with Western Europe last year. Because the dollar has become grossly undervalued, many American goods are "cheap" in world markets, and the U.S. is often looked upon abroad with the same suspicion that Japan is viewed...
...weak dollar also threatens a flight of capital from the U.S., just when America needs more investment to create jobs, dig for oil and develop all those costly alternative sources of energy. Sure, Europeans and Japanese and Latin Americans have been putting much of their surplus cash into land and factories in the U.S., which they figure is immune to the socialism that infects many of their own countries. But they would invest much more-particularly in the U.S. stock market, which is undervalued and could use the lift from abroad-if the dollar showed signs of recovery. So long...
...degree, the Germans are exaggerating their weaknesses. West Germany last month became the first industrial nation to sell as much in goods to the OPEC members as it spends for oil imports. West Germany's trade surplus with the rest of the world reached $17.5 billion last year, and Bonn has a $36 billion reserve of gold and foreign currencies. Most important for the nervous West Germans, who are still traumatized by the ravaging inflation of the '20s, the cost of living rose only 4% last year (compared with 10% in France...
...abandoned their drive to add $100 million to his proposed $3.45 billion education appropriation. "That was the make-or-break issue in the budget," says Thompson. Thanks in part to higher tax revenues from a reviving economy, he expects to end fiscal year 1978 with a tidy $85 million surplus...
...electrically conducting or nonconducting, depending on the impurities added to it. Thus one small area of a chip can be "doped" (as scientists say) with impurities that give it a deficiency of electrons-making it a so-called p (or electrically positive) zone, while an adjacent area gets a surplus of electrons to create an n (negative) zone. If two n zones, say, are separated by a p zone, they act as a transistor, which is an electronic switch: a small voltage in the p zone controls the fluctuations in a current flowing between the n zones. In this manner...