Other things equal, a rise in interest rates in one country leads to capital _____ that country, _____ its financial account surplus.

Suppose the exchange rate of U.S. dollars per the British pound has changed from $1.90/£ to $1.50/£. This means that the:

How would the terms of trade be defined in a country with one export and one import?

An ad valorem tax:

(Figure: Gizmos and Gadgets) Based on the graph, the opportunity cost of one gadget is:

When economists refer to _____, they are referring to a hypothetical measure of consumer satisfaction.

Contractionary monetary policy shifts the aggregate demand curve rightward.

If Annie has sold 40 apples in a perfectly competitive market, and her total revenue is $80, when she sells her 41st apple, her marginal revenue will be:

Contractionary monetary policy shifts the aggregate demand curve rightward.

If the market price in a perfectly competitive is $70, a firm’s minimum average total cost is $60, and its minimum average variable cost is $50, the firm: