Foundations of Economics, 8th Edition

• Illegal hiring, 178

• Illiquidity, 670

• IMF. See International Monetary Fund

• Implicit costs, 349

• Import quota, 229

  • government imposing, 229–231

  • influence of, 229–230

  • international trade and, 229–231

  • producer surplus and, 230–231

  • profits from, 230–231

• Imports, 216

  • gains/losses from, 222

  • of goods and services, 52, 540, 556

  • multiplier of income taxes and, 790

  • policy barriers of, 231

  • price levels influencing, 758

  • producer surplus influenced by, 222

  • real GDP and, 780

  • United States, 52–53, 216–219

  • United States influenced by, 889

• Imports of goods and services, 540

• Incentive mechanisms, 657

• Incentives, 11

• Income

  • break-even, 379

  • capital, 200

  • change in demand and, 89

  • circular flows of expenditure and, 541

  • consumption expenditure and changes in,