Terms : Hide Images
| 9952940757 | Consumption possibility frontier | The various bundles of goods that a country can obtain by taking advantage of international trade. |  | 0 |
| 9952956991 | Official reserves | Foreign currencies owned by the central bank of a nation. | 1 | |
| 9953014508 | Balance of payments deficit | Shortfall that occurs when more money flows out of a nation than into that nation. Current account balance + Capital account balance < 0 | 2 | |
| 9953017148 | Balance of payments surplus | Overage that occurs when more money flows into a nation than out of that nation. Current account balance + Capital account balance > 0 | 3 | |
| 9953020062 | Exchange rate | The measure of how much one currency is worth in relation to another. | 4 | |
| 9953021234 | Appreciation | An increase in the value of a currency as measured by the amount of foreign currency it can buy. | 5 | |
| 9953022415 | Depreciation | A decrease or loss in the value of a currency compared to foreign currency. | 6 | |
| 9953031227 | Determinants of appreciation or depreciation | 1. Consumer tastes 2. Relative incomes 3. Relative inflation 4. Speculation | 7 | |
| 9953050222 | Revenue tariff | Tax on imports that are not produced in the domestic market. This is used primarily to raise government revenue without restricting imports. | 8 | |
| 9953054037 | Protective tariff | A tax on imported goods that are produced in the domestic market and that raises the price of foreign imports so people will buy domestic goods. | 9 | |
| 9953066372 | Import quota | A limit on the amount of a good that can be imported into the domestic market. | 10 |
