Test Bank For International Economics 7 edition: Dennis Appleyard

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  • ISBN-10 ‏ : ‎ 007351134X
  • ISBN-13 ‏ : ‎ 978-0073511344
  • Author:  Dennis Appleyard;  Alfred Field 

Appleyard, Field, and Cobb’s International Economics 7e text is an International Economics textbook that offers a consistent level of analysis and treatment of the two main subdivisions of international economics—international trade theory and policy and international monetary theory and policy. As the authors write this edition, the world has become painfully aware that increased globalization links countries together strongly in times both of recession and prosperity. The growing awareness of the importance of international issues is also evidenced in increased student interest in such issues, particularly those related to employment, international working conditions, and equity.

Comprehensive and clear, International Economics helps students move beyond recognition toward an understanding of current and future international events. As with each prior edition, the authors provide a clear and comprehensive text that will help students move beyond simple recognition of international issues toward a level of understanding of current and future international developments that will be of use to them in analyzing the problem at hand and selecting a policy position. New improvements covering the emerging issues in the global economy are designed to help readers both understand and appreciate the growing importance of the global economy in their lives.

Table Of Contents:

The World of International Economics

1(14)

Introduction

1(2)

The Nature of Merchandise Trade

3(6)

The Geographical Composition of Trade

3(3)

The Commodity Composition of Trade

6(1)

U.S. International Trade

7(2)

World Trade in Services

9(2)

The Changing Degree of Economic Interdependence

11(1)

Summary

12(1)

Appendix: A General Reference List in International Economics

12(3)

PART 1 THE CLASSICAL THEORY OF TRADE

15(48)

Early Trade Theories: Mercantilism and the Transition to the Classical World of David Ricardo

17(11)

Introduction

18(1)

The Oracle in the 21st Century

18(1)

Mercantilism

18(3)

The Mercantilist Economic System

18(1)

The Role of Government

19(1)

Mercantilism and Domestic Economic Policy

20(1)

In the Real World: Mercantilism is Still Alive

21(1)

The Challenge to Mercantilism by Early Classical Writers

22(1)

The Price-Specie-Flow Mechanism

22(1)

David Hume

Capsule Summary of the Price-Specie-Flow Mechanism

22(1)

Concept Review—Price Elasticity and Total Expenditures

23(2)

Adam Smith and the Invisible Hand

24(1)

Titans of International Economics: Adam Smith (1723-1790)

25(1)

Summary

26(2)

The Classical World of David Ricardo and Comparative Advantage

28(14)

Introduction

29(1)

Some Common Myths

29(1)

Assumptions of the Basic Ricardian Model

29(1)

Titans of International Economics

30(1)

David Ricardo

Ricardian Comparative Advantage

30(3)

In the Real World: Export Concentration of Selected Countries

33(1)

Comparative Advantage and the Total Gains From Trade

34(2)

Resource Constraints

34(1)

Complete Specialization

35(1)

Representing the Ricardian Model with Production-Possibilities Frontiers

36(3)

Production Possibilities—An Example

36(2)

Maximum Gains from Trade

38(1)

Comparative Advantage—Some Concluding Observations

39(1)

Summary

40(2)

Extensions and Tests of the Classical Model of Trade

42(21)

Introduction

43(1)

Trade Complexities in the Real World

43(1)

The Classical Model in Money Terms

43(1)

Wage Rate Limits and Exchange Rate Limits

44(2)

Wage Rate Limits and Exchange Rate Limits in the Monetized Ricardian Framework

46(1)

Multiple Commodities

47(3)

The Effect of Wage Rate Changes

48(1)

The Effect of Exchange Rate Changes

49(1)

Transportation Costs

50(1)

In the Real World: The Size of Transportation Costs

51(1)

Multiple Countries

52(1)

Evaluating the Classical Model

53(4)

In the Real World: Labor Productivity and Import Penetration in the U.S. Steel Industry

55(2)

Summary

57(2)

Appendix: The Dornbusch, Fischer, and Samuelson Model

59(4)

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