Vocabulary

production function

consumption function

saving function; savings function

investment function

law of diminishing marginal product

returns to scale

factor proportions theory (of international trade)

factor intensity

income effect

celebration of longevity

substitution effect

spelling in the original language; spelling in the original script

import duty

import quota

import quota

export subsidy

voluntary export restraint; VER

monopsony

oligopsony

monopolistic competition

imperfect competition

perfect competition

consumer surplus

ability-to-pay principle (of taxation)

resource allocation

average cost

average propensity to consume

average propensity to save

benefit principle (of taxation)

balanced budget multiplier

cost minimization; cost minimisation

old hag; old woman; old bat

old man; old goat

feminazi; man-hating feminist

mainstream media; lamestream media

engineer; technician

cowshed

comics or novels about male homosexuality, targeted at young women

gringo

thieving cat