Economic Geography
Although rare earth metals are widely distributed, this country has a near monopoly on mining them.
China
How favorable international trade is for a country.
Terms of Trade
This measures the amount produced by a country's citizens.
Gross National Product (GNP)
The 16th amendment, ratified in 1913, allows the US government to collect this kind of tax. By the way, tax day was yesterday.
Income Tax
This island produces as much as 90% of the world's advanced semiconductors.
Taiwan
When a country has a lower opportunity cost to producing a good relative to another country.
Comparative advantage
The most often reported unemployment rate. It begins with a U.
U-3
The second national bank of the US was shut down by this president, leaving the US without a central bank for decades. He was skeptical of government issued money, so we showed him.
Andrew Jackson
The US's largest export industry.
Oil Drilling and Gas Extraction (Energy)
This theorem predicts the pattern of trade between two countries based on relative abundance of factors of production.
Heckscher-Ohlin Theorem
When the goods market is in equilibrium, we are on this curve.
IS Curve
The word "money" comes from a temple to this goddess, which housed the roman mint
Juno (Moneta)
This country is the 5th largest producer of rice in the world, behind China, India, Indonesia and Bangladesh
Vietnam
The theory that trade depends on specialization (increasing returns to scale) and networks effect is known as:
New Trade Theory
The Federal Reserve's policy Rate
Federal Funds Rate.
This pandemic contributed to Europe's movement away from feudalism as an economic system.
Black Death
The largest exporter of wine, making up 32% of the global total.
France
The assumption that importing from the rest of the world will not affect the international price of a good.
Small Country Assumption
The workhorse model of modern macroeconomics.
Real Business Cycle Model
Between 1986 and 1995, 3234 of this type of institution colapsed.
Savings and Loans Association