*Choose the appropriate model to illustrate that change in AD and show the change on the graph you made.

F 3 International trade requires ______________ _______________, which is when one country or economy can produce a good at a lower opportunity cost than another economy or country.

1G. In the U.S. mixed economic system, currency is needed by businesses and consumers/households for regular expenses or "to buy stuff." What term do economists use to describe this reason to "hold money?" _______ ______ for money

1H. In the Modern Farmer, July 28, 2016, Dan Nosowitz, writes "There are many reasons to buy directly from farmers (at farmers markets or though CSAs)higher quality produce, faster delivery times, supporting small farmersbut one that isn't too well-understood is this exchange's impact on the local economy. A new study from University at California Davis took a look at the way buying directly from farmers affects the economy in the Sacramento, California, area ... Buying directly from farmers has a disproportionately large impact on the local economy."

This is an example of the _______________ at work in a local economy.

1I. What exactly is the difference between "real" and "nominal" whether it is real GDP or nominal GDP ... real income or nominal income ... real interest rate or nominal interest rate?

1J. The U.S. Bureau of Economic Analysis (BEA) issued the following news release on 4/19/2017: Durable goods manufacturing; construction; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2017. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 16 of 22 industry groups contributed to the overall 2.9 percent increase in real GDP in the fourth quarter.

This would be included in what sector or component of GDP? __________