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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 variety
Dynamic Gains of Trade: Benefits from trade that accumulate over time in addition to static gains from trade.
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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.
Who gains more from trade when nations are of unequal economic size?
If one nation is significantly larger than the other, the larger nation attains fewer gains from trade, while the smaller nation captures most of the gains from trade.
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
Is business environment static or dynamic?
When the business environment is stable, meaning that the economy is healthy and therefore businesses can be profitable.
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.
Distinguish detween static and dynamic gain from trade?
Distinguish detween static and dynamic gain from trade?
Types of Internet static and dynamic - explain this?
Static: Not Moving Dynamic: Moving
Does comcast have static or dynamic ip's?
Dynamic unless you pay extra for a static.
What is Dynamic static?
static comes from stationary means not moving and dynamic means moving
Is wellness a static or dynamic process?
Dynamic process. Static means staying the same.
Are human rights dynamic or static?
dynamic
Is push up dynamic or static?
DYnamic
What is the antonum of dynamic?
The antonym of dynamic is 'static'.
Is Sodapop a static or dynamic character?
static
What is the difference between static and dynamic fighting?
Static stays the same and dynamic is always different.
Differentiate between static and dynamic systems in linear system analysis?
If a system is static then it will be known as STATIC SYSTEM and if it is not static then its a common sense that it will be a DYNAMIC SYSTEM.
Is Through The Tunnel's Jerry a static or dynamic character?
Jerry in "Through the Tunnel" is a dynamic character. He undergoes significant internal growth and transformation throughout the story, as he overcomes his fears, pushes his physical limits, and gains maturity and self-confidence.
