Test Discount Rate
The real rate of return used in cost–benefit analysis by the UK government.
Total Cost
An overview of the economics term 'Total Cost' including definitions, analytical frameworks, and related concepts
Take-off
The stage of economic development at which an economy becomes capable of sustained growth in per capita income.
Terms of Trade
The ratio of an index of a country’s export prices to an index of its import prices.
Third Way
A socioeconomic viewpoint reconciling capitalism with central planning
Tobit Model
A regression model used to estimate unknown parameters from a censored sample.
Trade Deficit
Understanding the concept of trade deficit, its implications, and its role in economics.
Treaty of Rome
A treaty signed in Rome in 1957 that established the European Economic Community and the European Atomic Energy Community.
Economic Policy Target
An aim of economic policy encompassing objectives such as high employment levels, sustainable growth, and stable inflation rates.
t-test: Definition and Meaning
An overview of the t-test, a statistical hypothesis test used to determine if there is a significant difference between the means of two variables.