By the end of this section, you will be able to do the following: Explain the meaning of trade balance and its implications for the foreign exchange market, Analyze concerns over international trade in goods and services and...

By the end of this section, you will be able to do the following: Identify the causes and effects of inflation in various economic markets and Explain the significance of a converging economy.

By the end of this section, you will be able to do the following: Explain the nature and causes of unemployment, Analyze the natural rate of unemployment and the factors that affect it, and Identify how undeveloped labor markets can...

By the end of this section, you will be able to do the following: Analyze the growth policies of low-income countries seeking to improve standards of living; Analyze the growth policies of middle-income countries, particularly the East...