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In transition planning to postsecondary settings, it is common to use a technique called individualized backward planning. What is individualized backward planning?
Open-Economy Macroeconomic Model
A model that analyzes an economy that is engaged in international trade and investment flows.
Domestic Investment
The total amount of money invested in the resources within a country's borders, including but not limited to businesses, infrastructure, and technology.
Open-Economy Macroeconomic Model
A framework used to analyze economies that engage in international trade of goods, services, and financial assets.
Tariff
A tax levied on imported and, less commonly, exported goods, used to regulate trade by increasing the price of foreign products to encourage or protect domestic industry.
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