Examlex
Concerning foreign exchange trading, the bid rate refers to the price that a bank is willing to pay for a unit of foreign currency; the offer rate is the price at which the bank is willing to sell a unit of foreign currency.
Consumer Surplus
The difference between the maximum price consumers are willing to pay and the actual price they pay.
Deadweight Loss
A loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable due to market distortions like taxes or subsidies.
Producer Surplus
The difference between the amount producers are willing to sell a good for and the actual amount they receive.
Equilibrium
A state in which market supply and demand balance each other, resulting in stable prices.
Q10: As workers migrate from low-wage Mexico to
Q14: In natural-resource oriented industries,such as oil and
Q32: The demand schedule for Swiss francs is
Q51: Which theory of exchange-rate determination best views
Q60: The foreign-trade multiplier equals the sum of
Q83: Concerning the decision of a U.S.resident to
Q105: The balance of payments statement records<br>A) only
Q133: The current account of the United States
Q171: If U.S.labor productivity growth is 2 percent
Q180: Refer to Figure 12.2.As the profitability of