International economics

International economics

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

Industry: Economy

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International economics

Tax credit

Economy; International economics

A provision of the tax code that specifies an amount by which a taxpayer's taxes will be reduced in return for some behavior.

Tax deduction

Economy; International economics

A provision of the tax code that specifies an amount by which a taxpayer's tax base will be reduced in return for some behavior, resulting in a lowering of the amount of tax paid that depends on ...

Sunset clause

Economy; International economics

A provision within a piece of legislation providing for its expiration on a specified date unless it is deliberately renewed.

Super 301

Economy; International economics

A U. S. Law authorising USTR to identify the most significant unfair trade practises confronting U. S. Exports and to seek to eliminate them. In contrast to Section 301, this does not require a ...

Superior good

Economy; International economics

A good the demand for which is income elastic.

A trading bloc among countries that are natural trading partners but that, because its tariff preferences are too extreme or transport costs with the outside world are too low, reduces world welfare. ...