Trading Blocs, Common Markets, and Economic Unions
Substitution and Income Effects
Output, Income, and Expenditure Flows
Imports and Exports
GDP and GNP
Benefits and Costs of Regional Trading Areas
Elasticity and Total Expenditure
National Economic Accounts and the Balance of Payments
Absolute and Comparative Advantage
Economic Profit and Accounting Profit
Long-Run Equilibrium in Perfectly Competitive Markets
Shifts in the AD and AS curves and Equilibriums