answersLogoWhite

0

The concept of the extensive margin in international trade refers to the decision-making process of whether to enter a new market or expand existing operations. It involves considering factors such as costs, market potential, and competition to determine the feasibility and benefits of expanding trade activities. This concept influences decision-making by highlighting the potential gains from increasing trade volume and market reach, as well as the risks and challenges associated with expanding into new markets.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Related Questions

What is process of workers participation in decision making on major policy matters in any organisation?

Particition in decisionmaking


The EALS disassembly process?

reversal straightfoward extensive


How do you create a non preemptive process?

There is no such concept of a "Preemptive Process"


How prestigious is the Fulbright program compared to other international exchange programs?

The Fulbright program is highly prestigious compared to other international exchange programs due to its competitive selection process, strong reputation for academic excellence, and extensive network of alumni who have gone on to achieve significant accomplishments in their fields.


The concept of noise in effective communication process?

No


What is Concept of process?

A concept of process is a kind of technology that is used mainly in some software applications. It is an artificial intelligence engine that provides adjustable user interface.


Why the use of process concept is necessary in studying operating system?

The process concept is necessary in studying operating systems as each task being carried out by the processor is represented by a process. Modern computers can process many tasks simultaneously.


Who invented concept of business process outsourcing?

business


How do they find such a perfect match to play in Harry Potter?

A very long and extensive audition process.


What is the difference between a concept and a prototype in the product development process?

A concept is an idea or design for a product, while a prototype is a physical model or representation of that idea. In the product development process, a concept is the initial vision or plan, while a prototype is a tangible version created to test and refine the concept before final production.


As an enzyme fits into a substrate at the active site it undergoes a slight change in order to fit into the substrate. this process is defined by a concept called?

This process is defined by a concept called induced fit. Induced fit is the dynamic process where the enzyme structure adjusts slightly to better accommodate and bind to the substrate molecule.


Who performed extensive research with bacteria and developed the process known a pasteurization?

Louis Pasteur (1822-1895).