What Happens When a Country Has an Absolute Advantage in All Goods

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Fiscal Policy and the Trade Balance

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How Changes in the Cost of Living are Measured

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The Problem of Imperfect Information and Asymmetric Information

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The Relatively Recent Arrival of Economic Growth

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How the Unemployment Rate is Defined and Computed

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How Trade Policy Is Enacted: Globally, Regionally, and Nationally

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Government Spending

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International Environmental Issues

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The Economics of Pollution

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How Well GDP Measures the Well-Being of Society

By the end of this section, you will be able to:

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