International Economics 12th Edition Salvatore Test Bank

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Product details:

• ISBN-10 ‏ : ‎ 1119196388
• ISBN-13 ‏ : ‎ 978-1119196389
• Author: Dominick Salvatore (Author)

International Economics by Dominick Salvatore presents a comprehensive, up-to-date, and clear exposition of the theory and principles of international economics. Salvatore presents concepts that are essential for understanding, evaluating, and suggesting solutions to the important international economic problems and issues facing the United States and the rest of the world today and that they are likely to face in the coming years. Neither overly complex nor too simplistic, International Economics helps readers see the immediate relevance of the material and contains an unparalleled number of real-world applications and examples. Bound textbook.

Table of contents:

1 Introduction 1

PART 1 INTERNATIONAL TRADE THEORY

2 The Law of Comparative Advantage 29

3 The Standard Theory of International Trade 53

4 Demand and Supply, Offer Curves, and the Terms of Trade 79

5 Factor Endowments and the Heckscher–Ohlin Theory 101

6 Economies of Scale, Imperfect Competition, and International Trade 141

7 Economic Growth and International Trade 169

PART 2 INTERNATIONAL TRADE POLICY

8 Trade Restrictions: Tariffs 197

9 Nontariff Trade Barriers and the New Protectionism 227

10 Economic Integration: Customs Unions and Free Trade Areas 263

11 International Trade and Economic Development 287

12 International Resource Movements and Multinational Corporations 317

PART 3 THE BALANCE OF PAYMENTS, FOREIGN EXCHANGE MARKETS, AND EXCHANGE RATES

13 Balance of Payments 345

14 Foreign Exchange Markets and Exchange Rates 365

15 Exchange Rate Determination 401

PART 4 OPEN-ECONOMY MACROECONOMICS AND THE INTERNATIONAL MONETARY SYSTEM

16 The Price Adjustment Mechanism with Flexible and Fixed Exchange Rates 437

17 The Income Adjustment Mechanism and Synthesis of Automatic Adjustments 465

18 Open Economy Macroeconomics: Adjustment Policies 493

19 Prices and Output in an Open Economy: Aggregate Demand and Aggregate Supply 531

20 Flexible versus Fixed Exchange Rates, the European Monetary System, and Macroeconomic Policy Coordination 555

21 The International Monetary System: Past, Present, and Future 589

Answers to Selected Problems On Web

Glossary of Key Terms 623

Name Index 637

Subject Index 641

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