ch. 6 Flashcards
(9 cards)
1
Q
How is the production point chosen?
A
2
Q
How can we represent consumption of the aggragate economy?
A
3
Q
What does it mean the value of consumption is equal to value of demand? what is the difference between autarky and trade?
A
4
Q
How can we represent inport and export? What about gains from trade?
A
5
Q
What is a change in terms of trade? what is the effect?
A
6
Q
how do we derivate prices form global demand and supply?
A
7
Q
What is the effect of an unbiased growth in the home country?
A
8
Q
What is the effect of an unbiased growth?
A
9
Q
A
