ECON102 Chapter Notes -Loanable Funds, Free Trade, Virtuous Circle And Vicious Circle

• School: University of Waterloo
• Department: Economics
• Course: ECON102
• Professor: Barry Mc Clinchey

Document Summary

Y = a f (l, k, h, n) Supply is falling but conservation for supply is increasing (on multiple choice) Increase capital per worker output per worker increases (increase in output per worker) Remember the income/growth table beginning of chapter 7. Foreign direct investment etc and how it changes the gdp and gnp per country. Inward orientated policy and outward orientated policy (singapore, taiwan etc) Free trade (country that restrict free trade and not promote free trade tariffs) If you have more people you can have more people devoted to work = improved technology. Federal bond less risky, corporate bonds are most risky. Type: question 18 = d (c=7500, t=1800, g=2200, s=1500, s=y c g =1500, Interest paid by a bond depends on its price* (which describes a characteristic of a bond) Loanable funds (know the graph with supply/demand and which way it shifts etc. ) Minimum wage implies that it has no effect if it is placed under the equilibrium.