How much trade involves shipping goods between the fairly similar high-income economies of the United States, Canada, the European Union, Japan, Mexico, and China?

Goods differ on the basis of whether their consumption is rival and excludable. Explain the terms "rivalry" and "excludability" as they are used to define goods

List the four categories of goods, and define these categories in terms of rivalry and excludability.

Which of the following is an entity of the Federal Reserve System?

A) the U.S. Treasury Secretary B) the FOMC C) the Comptroller of the Currency D) the FDIC