经济学英文术语解释

absolute advantage

an advantage derived from one country having a lower absolute input cost of producing a particular good than another country (35)

accounting measure of costs

the direct costs that can be measured (23)

accounting profit

total revenue less total costs except for the opportunity cost if capital

(23)

adaptive expectation

an expectation formed on the basis of information collected in the past

(15)

adding value

creating output that is more valuable than the resources used to create the output (23)

adverse selection

the situation that occurs when higher-quality consumers or producers are driven out of the market because unobservable qualities are misvalued (26) age-earnings profile

the relationship between a worker's earnings and age (29)

age-productivity profile

the relationship between a worker's productivity and age (29) aggregate demand curve

a curve that shows the different equilibrium levels of expenditures at different price levels (9)

aggregate supply curve

a curve that shows the amount of production at different price levels (9)