International economics

International economics

International trade theories, policies, finances and their effects on economic activities.

Industry: Economy

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International economics

Intervention currency

Economy; International economics

A currency that is commonly used by central banks for exchange market intervention. See reserve currency.

A function representing the relationship between quantity demanded and price, specified for convenience with price as a function of quantity instead of the more usual quantity as a function of price. ...

Inverse supply function

Economy; International economics

A function representing the relationship between quantity supplied and price, specified for convenience with price as a function of quantity instead of the more usual quantity as a function of price. ...

Marshallian surplus

Economy; International economics

1. This refers to the concepts of consumer surplus and producer surplus, as they were introduced by Alfred Marshall. 2. For consumer surplus, the Marshallian definition uses the demand curve holding ...

Maximum revenue tariff

Economy; International economics

A tariff set to collect the largest possible revenue for the government.

Measure of economic welfare

Economy; International economics

An aggregate figure that adjusts GDP in an attempt to measure a country's economic well-being rather than its production, with adjustments for leisure, environmental degradation, etc.

Multifiber Arrangement

Economy; International economics

An agreement (OMA) among developed country importers and developing country exporters of textiles and apparel to regulate and restrict the quantities traded. It was negotiated in 1973 under GATT ...