inferior good 57, 128, 146

Infinite elasticity 117

initial public offering (IPO) 411

inputs 59

Insurance 394

intellectual property 219, 313

General Agreement on Tariffs

Interest and dividends 165

European Union 490

and Trade (GATT) 489

interest rate 97, 533

European Union (EU) 73

George Psacharopoulos 311

international externalities 293

excess demand 54

excess supply 53

exclusive dealing 266
exit 204

globalization 21, 265, 375, 450,

international trade 463, 493

481

good 50

International Trade Commission

(ITC) 445

goods and services market 17

intertemporal choices 42

expected rate of return 413

Great Depression 450

intertemporal decision making

Explicit costs 159

Great Recession 368

99

export 458

Exports 22

gross domestic product (GDP)

intra-industry trade 461

295

invisible hand 41

Access for free at openstax.org
Index 583

J
Joan Robinson 444

John Maynard Keynes 16

junk bonds 415

K
key input 122

kinked demand curve 250

L
Labor 162
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