Accompany International Economics: Study Guide |
Contents
Introduction | 1 |
International Trade Theory | 3 |
The Ricardian Model | 7 |
Copyright | |
24 other sections not shown
Common terms and phrases
AA curve analysis Answers to Odd-Numbered Assets Liabilities balance of payments Balance Sheet central bank comparative advantage consumption costs country's current account deficit depreciation developing countries diagram Discuss dollar economies of scale effect equal equilibrium euro external balance factors of production fiscal expansion fixed exchange rate floating exchange rate following key terms foreign exchange market free trade gains from trade gold standard graph growth higher Home important income increase industry inflation rate international trade intervention investment Japanese long-run macroeconomic manufacturing market failure monetary policy money demand money supply nominal interest rate Odd-Numbered Textbook Problems output percent permanent price level price of cheese production possibilities frontier purchasing power parity quota real balances real exchange rate real interest rate relative price relative supply reserves revenues Review Questions rise schedule sector seigniorage short run strategic trade policy surplus tariff terms of trade theory wage welfare wine workers world relative