TheBusinessProfessor
  • Home
  • Academy
  • Resources
    • SearchBase
    • Media
  • Membership
    • Account
Select Page

Comparative Advantage and Mutually Beneficial Trade

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

How does Comparative Advantage give rise to Mutually Beneficial Trade? When nations increase production in their area of comparative advantage and trade with each other, both countries can benefit. Again, the production possibility frontier is a useful tool to...

Environmental Protection Argument for Restricting Imports

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is the Environmental Protection Argument for Restricting Imports? The potential for global trade to affect the environment has become controversial. A president of the Sierra Club, an environmental lobbying organization, once wrote: “The consequences of...

Anti-Dumping Argument and Restricting Imports?

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is the Anti-Dumping Argument for Restricting Imports? Dumping refers to selling goods below their cost of production. Anti-dumping laws block imports that are sold below the cost of production by imposing tariffs that increase the price of these imports to...

Splitting Up the Value Chain

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is Splitting Up the Value Chain? Specialization in the world economy can be very finely split. In fact, recent years have seen a trend in international trade, which economists call splitting up the value chain. The value chain describes how a good is produced in...

Absolute Advantage in All Goods

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is Absolute Advantage in All Goods? What happens to the possibilities for trade if one country has an absolute advantage in everything? This is typical for high-income countries that often have well-educated workers, technologically advanced equipment, and the...
« Older Entries
Next Entries »

Designed by Elegant Themes | Powered by WordPress