Difference between real and nominal interest rates
o Real interest rates: the interest rate corrected for the effects of inflation
o Nominal interest rates: the interest rate as usually reported without a correction
for the effects of inflation
o Real =
Theory of comparative advantage
refers to the ability of a party (an individual, a firm, or a country) to produce a particular
good or service at a lower marginal cost and opportunity cost than another party.
explains how trade can create va
12 Myths of International Trade
1. Trade Myth #1: Trade is a zero-sum activity. If one trading party gains, the other must lose.
Trade cannot be dual-benetting.
When one party exports a good or service, it benets. Wh
October 6, 2012
Statistical detection of systematic election irregularities Article Analysis
In large-scale elections, election irregularities have been found throughout data samples.
Vote distributions of elections containing fraud