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What are static and dynamic gains of trade?
Static Gains of Trade: Reduced costs from economies of scale Efficiency gains from exploiting comparative advantage Reduction in distortion from imperfect competition Increased product variety Dynamic Gains of Trade: Benefits from trade that accumulate over time in addition to static gains from trade Static Gains of Trade: Reduced costs from economies of scale Efficiency gains from exploiting comparative advantage Reduction in distortion from imperfect competition Increased product varietyDynamic Gains of Trade: Benefits from trade that accumulate over time in addition to static gains from trade.
Who can tell you what is the difference between a Baumol Static Revenue-Maximization Model with a Dynamic one?
The main difference is that in the dynamic model the profit is reinvented allowing for more growth in the future, so it is a trade off between profit now or higher profits later, the management will need to get the shareholder to agree on that, a trust must be established between the shareholders and management. Hence, int he dynamic model, the minimum profit is not actually a constraint as it is in the static model.
WHAT are the static and dynamic effects of a customs union?
as for the static effects: Trade Creation: When trade b/w custom union partners increases, this implies a shift in the Union to more efficient, competitive producers Trade Diversion:When imports from the less expensive world market are replaced by imports from a higher cost/less efficient partner country within the customs union Trade expansion: When lower market prices in one partner country stimulates total domestic demand which is satisfied by increased foreign trade with another partner countryI'm not sure about the dynamic effects of customs unions beyond the fact that they include structural adjustment and economic restructuring
Principal of commerce notes for 1st year commerce?
distinguish among business , profession,and trade?
Do you capitalize trade and brand names?
Yes, trade and brand names are typically capitalized to distinguish them from common nouns. This helps to emphasize the importance and uniqueness of the specific brand or product.
By the late twelfth century what economic activity replaced agriculture as the most dynamic force in the European economy?
By the late twelfth century trade replaced agriculture as the most dynamic force in the European economy.
What effect a negatively charged object have on a positively object?
read your book. they trade electrons and neutrons or create static electricity
Trade Show Management Software?
There are several brands of trade show management software on the market today. Make sure that the one you select, offers all the bells and whistles that you require for a dynamic presentation.
Distinguish between Current account and capital account?
A current account is the balance of net transfers, trade in goods, net investment income from external assets and trade in services. A capital account shows the outflows and inflows of different forms of capital.
What is the name given to a product that is known by its trade name not what it does?
A product known by its trade name rather than its generic name is called a brand name product. This is a product that has been given a unique name by the manufacturer to market and distinguish it from other similar products.
What is strategic trade policy theory?
Strategic trade policy(STP) is a part of industrial policy. This policy aimed at capturing profits of foreign firms: government spending involved in creating dynamic comparative advantage to capture export market by using R&D, subsidies, tax incentives, low interest loan, merger immunity, trade barriers etc.
How can you get tickets for Farnborough airshow 2010 to get into the a380?
It is open to trade visitors only during trade week. At the public event though at the weekend (anyone can go), you can pay a fee to go inside the A380 on the static display. However, it does take place during the actual show; so you will miss some aircraft.
