Economics of International Trade |
Contents
The Rationale of International Trade | 1 |
Price Difference and International Trade | 23 |
Some Qualifications | 45 |
Copyright | |
14 other sections not shown
Common terms and phrases
adjustment amount autonomous supply balance of payments balance of trade bancor C+I+G capital flow central bank change in income Clearing Union commodity comparative advantage consequences consume consumption correction country W currency debit demand schedule deposits devaluation disequilibrium domestic Economic elasticity of demand equal Equation equilibrium exceeds exchange rate expand expenditure factor fall Figure foreign account foreign currency foreign exchange full employment Furthermore gains from trade given indifference curve inflation interest rate International Monetary Fund International Trade isocost labor level of income m² sw/s² multiplier mw/sw national income number of pesos opportunity cost output P₁ percent price ratio produce production possibilities curve propensity to import propensity to save quota reduced reserves result rise subsidy substituted supply and demand support point sw dYw sw+mw Table tariff transactions United W's income yards of textiles Z's exports Z's imports