- Module 41.1: Which of the balance of payments accounts do the following events a...
- Module 41.2: The balance of payments on the current account plus the balance of ...
- Module 41.3: The financial account was previously known as the a. gross national...
- Module 41.4: The trade balance includes which of the following? I. imports and e...
- Module 41.5: Which of the following will increase the demand for loanable funds ...
Solutions for Chapter Module 41: Capital Flows and the Balance of Payments
Full solutions for Krugman's Economics for AP® (High School) | 2nd Edition
goods that are excludable but not rival in consumption
the proposition that if private parties can bargain without cost over the allocation of resources, they can solve the problem of externalities on their own
a graph of the relationship between the price of a good and the quantity demanded
the offering of different opportunities to similar individuals who differ only by race, ethnic group, sex, age, or other personal characteristics
a measure of the responsiveness of quantity demanded or quantity supplied to a change in one of its determinants
the price that balances quantity supplied and quantity demanded
factors of production
the inputs used to produce goods and services
the study of a company’s accounting statements and future prospects to determine its value
something that induces a person to act
an increase in the overall level of prices in the economy
the percentage change in the price index from the preceding period
the increase in output that arises from an additional unit of input
the amount of money the banking system generates with each dollar of reserves
a market structure in which only a few sellers offer similar or identical products
a person’s normal income
the relationship between quantity of inputs used to make a good and the quantity of output of that good
goods that are neither excludable nor rival in consumption
rivalry in consumption
the property of a good whereby one person’s use diminishes other people’s use
a worker association that bargains with employers over wages, benefits, and working conditions
costs that vary with the quantity of output produced