16 Questions
What is the concept that describes the idea that one country's gain must be balanced by another country's loss?
Zero sum game
What is the graph that represents various possible combinations of two goods that can be produced given a set of resources and technology?
Production Possibilities Frontier
What is the concept that describes the ratio of the prices of two goods in autarky?
Price Ratio
What is the curve that represents the various combinations of two goods that provide the same level of satisfaction or utility to consumers?
Community Indifference Curve
What is the limit imposed by the exchange rate on the trade between two countries?
Exchange rate limit
When does the Final Exam open on Blackboard?
Wednesday, May 8, 11:00AM
What is the duration of the Final Exam?
120 minutes
How many multiple-choice questions are on the Final Exam?
60
What is allowed in the Final Exam?
One piece of formula index sheet
What is the total point value of the Final Exam?
250 points
What is the main concept discussed in Chapter 8?
Factor Abundance
What is the concept that describes the change in production possibilities of a country due to immigration?
Rybczynski Theorem
What is the term used to describe the rate of protection provided by a tariff?
Effective Rate of Protection
What is the concept that describes the relationship between the exchange rate and the price of a good?
Law of One Price
What is the term used to describe a bond issued in a foreign market?
Eurobond
What is the concept that describes the surplus of a producer in a market?
Producer Surplus
Get ready for the final exam covering chapters 17, 20, and 21. Review the topics and be prepared to take the exam on Blackboard. Don't forget to bring your laptop and a charged formula index sheet.
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