International Economics |
Contents
The Study of International Economics | 1 |
Supply | 19 |
Demand | 38 |
Copyright | |
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abroad adjustment amount arbitrage assets balance of payments balance-of-payments borrowing Britain British central bank Chapter cloth commodity comparative advantage competition consumers consumption currency current account customs union deficit depreciation direct investment disequilibrium dollars economists effect elasticity equal Europe European exchange rate expansion expenditure export surplus factor prices factor proportions Figure finance foreign exchange market foreign trade free trade funds gold growth higher increase indifference curve industry interest rates International Economics international trade labor lending less developed countries loans London long-term capital marginal propensity ment national income offer curve optimum outflow output partial equilibrium percent position price discrimination problem production possibilities curve profits propensity to import quotas reduced relative reserves revenue savings sell shift short-term capital movements spending sterling tariff terms of trade theory tion trade creation trade diversion transactions transfer transport costs United wheat York θα