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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.
What effect a negatively charged object have on a positively object?
read your book. they trade electrons and neutrons or create static electricity
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.
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.
Do trade restrictions evoke retaliation by trade partners?
Yes, trade restrictions often lead to retaliation from affected trade partners. When one country imposes tariffs, quotas, or other barriers, the targeted country may respond with similar measures to protect its own interests. This tit-for-tat dynamic can escalate into trade disputes, ultimately harming both economies and disrupting global trade patterns. Such retaliatory actions can create a cycle of increasing protectionism, making it challenging to achieve mutually beneficial trade agreements.
How does resource distribution affect trade?
Resource distribution significantly impacts trade by determining the availability and accessibility of goods and services in different regions. Areas rich in certain resources, such as oil or minerals, can leverage these assets for export, driving economic growth and trade relationships. Conversely, regions with limited resources may rely on imports, influencing their trade policies and partnerships. This dynamic shapes global trade patterns, tariffs, and economic interdependencies among nations.
