# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Overview of the Tokyo Round of international trade talks held under GATT between 1973 and 1979.
The process of reducing or removing restrictions on international trade to promote economic efficiency.
A graph depicting the relationship between unemployment and the job vacancy rate, indicating labor market efficiency.
The fluctuation of economic activity around the long-term growth path, involving periods of growth and decline.
The movement of capital between countries, either as outflows of domestically owned capital to foreign countries or inflows of foreign-owned capital into a country.
Consumer non-durables are goods that are used up quickly and are not serviceable beyond their immediate one-time use.
Definition and meaning of default in an economic context, highlighting the implications for individuals, firms, and countries.
An auction where the auctioneer starts with a low price and keeps taking higher bids until there are no more bids, selling the item to the highest bidder.
A statistical test for heteroscedasticity in regression models, checking if the size of random errors increases proportionally to changes in exogenous variables.
An overview of optimal taxation, its theoretical underpinnings, and its applications in various economic paradigms.
Control over wage rates as part of a prices and incomes policy.
Strength in arranging the terms of one’s dealing with other firms or people.
