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Textbooks / Business / International Economics 4

International Economics 4th Edition Solutions

Do I need to buy International Economics | 4th Edition to pass the class?

ISBN: 9781319061715

International Economics | 4th Edition - Solutions by Chapter

Do I need to buy this book?
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78% of students who have bought this book said that they did not need the hard copy to pass the class. Were they right? Add what you think:

International Economics 4th Edition Student Assesment

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"If I knew then what I knew now I would not have bought the book. It was over priced and My professor only used it a few times."

Textbook: International Economics
Edition: 4
Author: Robert C. Feenstra; Alan M. Taylor
ISBN: 9781319061715

Since problems from 0 chapters in International Economics have been answered, more than 200 students have viewed full step-by-step answer. This textbook survival guide was created for the textbook: International Economics, edition: 4. The full step-by-step solution to problem in International Economics were answered by , our top Business solution expert on 10/11/18, 12:52AM. This expansive textbook survival guide covers the following chapters: 0. International Economics was written by and is associated to the ISBN: 9781319061715.

Key Business Terms and definitions covered in this textbook
  • aggregate-demand curve

    a curve that shows the quantity of goods and services that households, firms, the government, and customers abroad want to buy at each price level

  • average tax rate

    total taxes paid divided by total income

  • budget deficit

    an excess of government spending over government receipts

  • circular-flow diagram

    a visual model of the economy that shows how dollars flow through markets among households and firms

  • demand curve

    a graph of the relationship between the price of a good and the quantity demanded

  • demand schedule

    a table that shows the relationship between the price of a good and the quantity demanded

  • excludability

    the property of a good whereby a person can be prevented from using it

  • Federal Reserve (Fed)

    the central bank of the United States

  • fiat money

    money without intrinsic value that is used as money because of government decree

  • leverage ratio

    the ratio of assets to bank capital

  • marginal cost

    the increase in total cost that arises from an extra unit of production

  • national saving

    the total income in the economy that remains after paying for consumption and government purchases

  • oligopoly

    a market structure in which only a few sellers offer similar or identical products

  • profit

    total revenue minus total cost

  • public goods

    goods that are neither excludable nor rival in consumption

  • public goods

    goods that are neither excludable nor rival in consumption

  • quantity demanded

    the amount of a good that buyers are willing and able to purchase

  • recession

    a period of declining real incomes and rising unemployment

  • Tragedy of the Commons

    a parable that illustrates why common resources are used more than is desirable from the standpoint of society as a whole

  • vertical equity

    the idea that taxpayers with a greater ability to pay taxes should pay larger amounts