Principals such as "trade-off" and "opportunity cost" will be taken in consideration in making my decision. ... The Counseling Techniques course is the better elective choice as it relates to trade-off and opportunity cost. ... I guess the trade-off to this course can also be time. Granting the negative part of the trade-off certainly exists, it was not enough to outweigh the positive The Opportunity Cost of my decisions; HIV/AIDS and the substance abuser course. ... Using both the economic principles of Trade-Off and Opportunity Cost to help make my decision was very effective. ...

• Word Count: 862
• Approx Pages: 3
• Grade Level: High School

INTERNATIONAL TRADE: INTERNATIONAL INSTITUTIONS I. ... However, Coase Theorem assumed three conditions for the conclusion to hold: (1) legal framework establishing liability for actions; (2) perfect information; and (3) zero transaction costs. ... Keohane argued that if, as has been previously established, under the assumption of unbounded rationality governments are better off with the existence of regimes, then under bounded rationality governments will have even more reasons to rely on regimes to reduce transaction costs and uncertainties. ... Unintended effects, which have been an...

• Word Count: 3042
• Approx Pages: 12
• Grade Level: Undergraduate

While each has its own particular benefits, it is tradable emission permits that offer the greatest opportunity for efficiency in control. ... Emission Permit trading differs from a tax in the sense that allocation can be separated from price. Permits are generally assigned in two ways, either by auctioning them off or assigning them based on some sort of prescribed system such as previous output. ... Permits also present the opportunity to greatly reduce the role of government in the control process, providing there is the freedom for open trade between emitters. There are still transact...

• Word Count: 1840
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate

Part 1- Reasons for Trade Australia conducts its trade in the free trade format. ... Reasons for free trade are based on the economic concept of comparative advantage, which is the economic principle that nations should specialize in the areas of production in which they have the lowest opportunity cost and trade with other nations, so as to maximize both nations' standards of living. ... Trade also leads to greater levels of specialization which in turn will result in economies of scale, which will lower average costs of production and increase efficiency and productivity even further. ...

• Word Count: 1180
• Approx Pages: 5
• Grade Level: Undergraduate

Some 350 workers were laid off in April of 1998. ... You may be asking what happened to make the company lay off all of its workers, the answer is simple, it was GATT. ... According to Sir James Goldsmith, an economist, testifying before the Senate Commerce Committee, economic costs they bring with them (Goldsmith 4)." ... This Agreement created the World Trade Organization (WTO), the group that would settle disputes between countries about trade rules. ... The winners here are the large multinational corporations, like Nike, who earn greater profit margins by reducing labor costs, b...

• Word Count: 2190
• Approx Pages: 9
• Has Bibliography

When we save, we forgo the opportunity to use our income to consume goods and services. ... A major question we must all ask ourselves is: Are we willing to trade job opportunities and reduced income today for cleaner air and preservation of natural resources tomorrow? ... There are both benefits and costs from government action. ... In other words, we might have to trade off material goods and services for cleaner air and water. ... We must be prepared to make trade-offs between objectives by looking at what we lose when we take each course of action....

• Word Count: 1589
• Approx Pages: 6
• Has Bibliography
• Grade Level: High School

The whole looming industry was virtually gone; and with that, it was clear that there would be no trade for Andrew to learn. ... Here Andrew was able to really maximize the opportunity set before him. ... The ability to lower costs. ... Carnegie also learned that he could make money off of selling bonds and shares of stock. ... His hunch paid off and prices were kept down and production was high. ...

• Word Count: 1149
• Approx Pages: 5
• Grade Level: High School

Dramatic decreases in transport costs and the rise of fast and cheap telecommunications technology have made geography less relevant and facilitated massive increases in global trade and new forms of multinational production. ... Some argue that an expanding global economy provides new opportunities for the developing world to integrate into global markets and to achieve rapid rises in living standards "pointing" to ongoing global growth and a reduction in absolute poverty. ... International politics has played a key role in converting new technological opportunities such as travel and co...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate

Piracy was once associated with times past, when wooden sailing ships scaled the seven seas targeting trading vessels to secure their treasure. ... However the rise of piracy in recent years off the horn of Africa, particularly off the coast of Somalia has caused international concern. Targeting the shipping lanes around the gulf of Aden, which links trade between East and West has meant vital trade has been halted and a feeling of terror at sea has settled. ... However it has been brought to the forefront due to the increased activity off the Horn of Africa. ... Historically piracy is a crim...

• Word Count: 2247
• Approx Pages: 9
• Has Bibliography
• Grade Level: Undergraduate

Market Drivers As domestic markets become more and more saturated, the opportunities for growth are limited and global expanding is a way most organizations choose to overcome this situation. Common customer needs and the opportunity to use global marketing channels and transfer marketing to some extent are also incentives to choose internationalization (Ferrier, 2004). ... This has all increased due to the trade and tourism worldwide. ... Question 3 • Explain what free trade is. ... At this current time period, most nations have become members of the World Trade Organisation (WTO) m...

• Word Count: 2078
• Approx Pages: 8
• Has Bibliography

As the above figures suggest, slavery and the slave trade were the linchpins of this process. ... It was this difference in definitions of eligibility for enslavement which explains the dramatic rise of the trans-Atlantic slave trade. ... The northern wheel largely shaped the north European slave trade and was dominated by the English. ... But the victims of the slave trade also had a major impact on the trade. Probably about one in ten slaving voyages experienced major rebellions, of which the attempts to control increased the costs of a slave voyage to the point where far fewer slaves entere...

• Word Count: 4994
• Approx Pages: 20
• Grade Level: Undergraduate

While the pace is brisk, immigrants can find opportunity in sweatshops that they would be unable to find elsewhere" (Buford 1). ... My Insights about Global Trade Global trade, also known as international trade, is simply the exchange of goods and services across international boundaries. Global trade involves the export and import of goods and services between international borders. ... Global trade allows for specialization and lower costs to consumers. Countries can focus on what they are best suited to do - engage in activities with the lowest opportunity costs for them. ...

• Word Count: 1742
• Approx Pages: 7
• Has Bibliography
• Grade Level: High School

Disease as "nature's" population correction, rapid die-off from famine, disease, etc. are now an insufficient correction of over-population. these forms of die-off are not very efficient or effective in the long run. ... It used to be possible to feel comfortable in favoring "development at all costs." Now that we have seen the environmental damage (and therefore the environmental costs to future generations) of some development strategies, it is clear that "development", as classically defined in terms of the increase in personal income, is not sufficient for environmentalists. ...

• Word Count: 3060
• Approx Pages: 12
• Has Bibliography

Workers with family responsibilities face a wide range of difficulties including the need to take time off work for family members, which requires travel & time. ... Both men & women are supported by these laws such as Equal Employment Opportunities (EEO), enabling everyone fair & equitable access to jobs, employment conditions, training & promotional opportunities. ... I986 the Affirmative action Act passed & was amended to become Equal Opportunity of Women in the Workplace Act 1999. ... This is a positive thing for all individuals of all groups in the community, enabling equal opportunity. ...

• Word Count: 2003
• Approx Pages: 8
• Grade Level: Undergraduate

In conclusion I will discuss Cuba's trade policy and Cuba's main trading partner. ... The US broke off diplomatic relations with Cuba in 1961 and imposed a trade and financial embargo in 1962. ... All this led to increased import costs. This, in turn led to higher costs and lower levels of production, high food prices, and chronic food shortages, exacerbated in 1998 by drought. ... TRADE POLICY: Cuba is the only Latin American country to face trade embargoes from the US. ...

• Word Count: 2137
• Approx Pages: 9
• Has Bibliography

In addition we hope to partner with local colleges to promote our service to help cut down on costs. ... By not needing a big space to run our business or having any type of inventory that needs to be sold, we have the opportunity to focus on the customers and managing listings. ... However, some allow the older books to be used as well as the new version as a way to help students keep costs low. ... Sites such as Amazon.com and Froogle.com have given us an opportunity to come up with our business idea. ... However, it is a group that marketers should recognize as it can offer substantial op...

• Word Count: 5687
• Approx Pages: 23
• Grade Level: High School

Question Discuss the potential benefits and costs of official development assistance as a contributor to socio-economic development. ... However, while ODA is believed to have a positive impact on the socio-economic development of recipient countries, others argue that the costs that these countries have to burden need to be taken into account as well. ... The following essay will begin by defining the concept of ODA, followed by a critical analysis of both potential benefits and costs that the less-developed nations have to experience to their socio-economic development through the reception...

• Word Count: 2127
• Approx Pages: 9
• Has Bibliography
• Grade Level: Undergraduate

Globalisation, as mentioned, has taken off over the last decade and is widely used and flaunted by academics and politicians. ... Rather than being a saviour it has like a fire caused devastation to whatever far off region it has reached or touched. ... Oppressive use of trade barriers Developing countries have been told to remove barriers to trade so that they can benefit from Ricardo's law of comparative advantage. ... For example, Japan gives rice farmers seven times what it costs them to produce rice, which allows the farmers to sell the rice for very little, shutting out cheap ric...

• Word Count: 3797
• Approx Pages: 15
• Grade Level: Undergraduate

Both the pre-handover doomsayers" prediction of lost freedom under Beijing's repression and the optimal forecast of post-1997 economic prosperity have been wide off the mark (Hsiung, 2000). ... Hong Kong embraces the globalization of international trade and economic activities. ... In addition, China avoided direct intervention in Hong Kong's economic affairs, thus, keeping its "hands-off", "laissez-faire", policy adopted with the "one country, two systems" approach and allowing Hong Kong to manage the crisis (Hung, 2000). ... In this sense, this would serve as an opportunity to prom...

• Word Count: 3624
• Approx Pages: 14
• Grade Level: Undergraduate

The fourth question is, what is the market opportunity for the country's germane resource? ... While independent producers have gained importance, with producers such as Novatek and LUKoil contributing increasing volumes to Russia's production in recent years, upstream opportunities remain fairly limited for independent producers and other companies, including Russian oil majors. ... Under the terms of the North American Free Trade Agreement (NAFTA), producing companies operate freely across the U.S.... It costs between $6 and $7 to turn natural gas into liquid natural gas so that c...

• Word Count: 3746
• Approx Pages: 15

The reduction of transportation costs can increase the country's competitiveness, and economic stability; transportation plays a vital role in a country. ... The government's decision to retain key assets such as rail, road, air and port properties is one of importance as private ownership would attract high costs as they only seek to maximize their profit. ... Again private partnership is essential to road development, as private sector participation would offer beneficial capital investment opportunities. ... The researcher agrees with the decision redevelopment of the rail servic...

• Word Count: 3206
• Approx Pages: 13
• Grade Level: Undergraduate

Executive Summary Based on a traded company, Best Buy Inc. specializes on selling electronics and giving their customer expertise opinion on their products which makes Best Buy different than its competitors. ... The case provide analysis of SWOT and recommendations that can help Best Buy increase its opportunities and straights as well as decrease threats and help overcome weaknesses. ... In 1969, Sound of Music's stock became publicly traded. ... EXTERNAL AUDIT Opportunities As the demand for online goods expands, Best Buy has the opportunity to combine their stores to operate better w...

• Word Count: 3257
• Approx Pages: 13

Executive Summary Based on a traded company, Best Buy Inc. specializes on selling electronics and giving their customer expertise opinion on their products which makes Best Buy different than its competitors. ... The case provide analysis of SWOT and recommendations that can help Best Buy increase its opportunities and straights as well as decrease threats and help overcome weaknesses. ... In 1969, Sound of Music's stock became publicly traded. ... EXTERNAL AUDIT Opportunities As the demand for online goods expands, Best Buy has the opportunity to combine their stores to operate better w...

• Word Count: 3258
• Approx Pages: 13

It's clear that top management and materials management personnel focus their attention sharply on material costs and there is no doubt that reliable long term supply of materials is an increasingly important materials. ... In the broadest sense, logistics management views a firm as a single operating system; it seeks to minimize total costs associated with the acquisition and handling of materials from the inception of materials requirements to the final delivery of finished products to their users. ... Good logistics cuts costs, speeds work, and improves customer service. ...

• Word Count: 8123
• Approx Pages: 32
• Has Bibliography

Hence the importance of international cooperation to maintain and extend an open system for trade and investment" (Dollar. 2001, p2). ... Integration is the result of reduced costs of transport, lower trade barriers, faster communication of ideas, rising capital flows, and intensifying pressure for migration" (Dollar, Collier. 2002, p1). ... This pump priming of the world market would benefit all trading nations. ... Dollar and Kraay (2002, p1) state, "Openness to international trade accelerates development". ... Other policies imposed under structural adjustment include: allowing foreign co...

• Word Count: 1685
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate