Trade-Off Definition In economics, a very basic trade-off can be understood as the idea that if you choose one thing, you are going to lose another. The trade-off is taking the opportunity to have something, but in order to get that thing, you have to give up, or sacrifice, ...
An actual example is also presented. The results show that as the exercise price decreases, it is very likely that this purchase option is exercised; and for this very reason, owners will ask for a higher hire rate in the charters with this kind of purchase option given to charterers, ...
Drawing inspiration from Niklas Luhmann's social systems theory, the present note argues that the complexity of social systems has the potential to undermine their sustainability and thus to generate social dilemmas. The conceptual construct of the 'complexity-sustainability trade-off' is invoked to ma...
Free trade can also make countries more dependent on the global market. For example, while the prices of some goods may be lower in the world market, there are strategic benefits for a country that produces those goods domestically. In the event of a war or crisis, the country may be for...
First, the trade-off between the speed and the quality of the reconstruction can be re-phrased as a trade-off between short-term and long-term ... S Hallegatte,P Dumas - 《Ecological Economics》 被引量: 252发表: 2009年 Optimal regulatory strategies for metabolic pathways in Escherichia coli...
For example, globalization began in the 19th century with an explosion in exports, but, even before the COVID-19 pandemic that swept through the world in 2020 resulted in global lockdowns, trade as a share of many countries’ GDP had fallen. It can be argued that the global supply ...
although transition to more-profitable land uses can improve living standards for the better-off, these transitions are not possible for those households that lack adequate knowledge or access to land and resources, especially non-farm households. Concurrently, our in-depth interviews with rural farm...
International Economics and Trade(Economics) II.Application Timeline January1 –June31, 2024(24:00, Beijing Time; late applications will not be accepted) III.Eligibility 1. Age:18-25years old(as of September 1, 2024), be mentally and physically healthy, and possess a valid regular passport. ...
Comparative Advantage and International Trade (Ex.: The . Economy) Comparative Advantage and International Trade (Ex.: The Canadian Economy) Comparative Advantage and International Trade Just like the example of Tom and Hank, the . and Canada can both achieve mutual gains from trade. If the . ...
Steven Davis, a professor of international business and economics at the University of Chicago, told Xinhua that trade policy uncertainty harms the U.S. economy by discouraging business investment and undermining confidence in the short term. In the long term, Davis said, it leads businesses to ...