Test Bank for Introduction to International Economics, 3rd Edition by Dominick Salvatore

Test Bank for Introduction to International Economics, 3rd Edition, by Dominick Salvatore

Test Bank for Introduction to International Economics, 3rd Edition, by Dominick Salvatore,

1. Introduction to the Global Economy 1

PART ONE: INTERNATIONAL TRADE THEORY 29

2. Comparative Advantage 31

3. The Standard Trade Model 55

4. The Heckscher’s Ohlin and Other Trade Theories 80

PART TWO: INTERNATIONAL TRADE POLICY 113

5. Trade Restrictions: Tariffs 115

6. Nontariff Trade Barriers and the Political Economy of Protectionism 137

PART THREE: INTERNATIONAL TRADE AND INVESTMENT RELATIONS 175

7. Economic Integration 177

8. Growth and Development with International Trade 200

9. International Resource Movements and Multinational Corporations 226

PART FOUR: THE BALANCE OF PAYMENTS, FOREIGN EXCHANGE MARKETS, AND EXCHANGE RATES 255

10. Balance of Payments 257

11. The Foreign Exchange Market and Exchange Rates 280

12. Exchange Rate Determination 308

PART FIVE: OPEN-ECONOMY MACROECONOMICS 331

13. Automatic Adjustments with Flexible and Fixed Exchange Rates 333

14. Adjustment Policies 362

PART SIX: THE INTERNATIONAL MONETARY SYSTEM: PAST, PRESENT, AND FUTURE 389

15. Flexible versus Fixed Exchange Rates, European Monetary Systems, and Macroeconomic

Policy Coordination 391

16. The International Monetary System: Past, Present, and Future 418