The term "unemployment rate" in economics refers to what? Why is it significant? What is macroeconomics versus microeconomics? What are some important facts regarding macroeconomics? How have the views of economists on the trade-off between inflation and unemployment changed ...
The common belief among economists is that it is better to embrace the gains from trade, and then deal with the costs and tradeoffs with other policy tools, than it is to cut off trade to avoid the costs and tradeoffs. To gain a better intuitive understanding for this argument, consider a...
This paper suggests a different emphasis in our elementary microeconomics material, an emphasis focusing more on choices in which all parties win, choices which are therefore consistent with a non-adversarial approach to our growing environmentla problems. This paper introduces the "apparent trade-off...
A trade-off is a kind of compromise that involves giving up something in return for getting something else. When looking you for an after-school job, you might have to make a trade-off: a lower hourly wage for a more convenient location, for example.
Why does competition among traders affect how much of the gains from trade are given to the countries involved in the trade? Why is Microeconomics important? Why does an economic problem arise? Why might we expect intra-industry trade based on scale economies to be less politically controversial...
Lounkaew, K. (2016). Illustrating the Trade-Off Between Interest Rates and Aggregate Loan Recovery of the Student Loans Fund in Thailand. In: Stiglitz, J.E., Guzman, M. (eds) Contemporary Issues in Microeconomics. International Economic Association Series. Palgrave Macmillan, London. https://...
For every investment, there is a risk-return trade-off, which is the correlation between the expected return and the risk of an investment. It makes sense to demand a higher return for a riskier investment; otherwise, why risk losses? If Treasuries and options had the same return, no one...
曼昆经济学里的trade-off 应该翻译成什么？Oxford English Dictionary ：Orig. U.S. In early use: ...
U.S. tariffs have followed this general pattern: After rising sharply during the Great Depression, tariffs dropped off to less than 2% by the end of the century. Although measures of import quotas and nontariff barriers are less exact than those for tariffs, they generally appear to be at ...
First, it provides a continent-wide perspective on the incentives for and general equilibrium effects of widespread agricultural technology adoption that complements the extensive existing literature on the microeconomics of agricultural technology adoption (reviewed by Foster and Rosenzweig, 2010 and Magruder...