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...
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...
Therefore, based on the production theory in the field of microeconomics, the relationships between trustworthy attributes are proposed when the strategies are used. Then, the weight of each trustworthy attribute is obtained by using an analytic hierarchy process. When strategies a...
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...
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://...
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 ...
to me, intuitively, are rules which have been previously codified by others. Two now under examination are named after their discoverer’s respectively;Schelling PointsandThe Nash Equilibrium.These ideas have profound implications in various forms of trade,microeconomics,macroeconomics, andcryptoeconomics....
What are the arguments in favor of trade restrictions, and what are the counterarguments? According to most economists, do any of these arguments really justify trade restrictions? Explain. What are the microeconomics effects of world trade? The macroeconomic effects? In theory, there are ...