„International Ecomomics“ by Hendrik Van den Berg
Private individuals and organizations also make
cross-borders transfers. Private transfers have grown rapidly in recent decades as immigration has
expanded. Many immigrants move to other countries specifically to earn higher incomes and
transfer part of those incomes back to family in their native countries.
A lot makes important moves currency . Different countries usually use diferent currencies.
Therefore, even though prices reflect opportunity costs wihin each country, these prices will not
be immediately comparable across countries. This is where Exchange rates come in. Exchange
rates Translate the prices in one country into prices in other countries currencies.
Example homeland (U.S) food costs 2$ but Aboroad 20¥.
If we look price shanging processes then there is good exampl about Foreign demand for tequila
Mexican drinkers.
Tequila has been the national dring of Mexico ever since the Spanish perfected a native fermente
annaabi.ee 
