4 Terms
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International economics
International trade theories, policies, finances and their effects on economic activities.
Industry: Economy
Add a new termContributors in International economics
International economics
domestic content requirement
Economy; International economics
A requirement that goods sold in a country contain a certain minimum of domestic value added.
domestic international sales corporation
Economy; International economics
A type of U. S. Corporation, authorized in 1971, with income primarily from exports. Usually wholly owned U. S. Subsidiaries, DISCs had special treatment in borrowing or taxation. A 1976 GATT case ...
domestic resource cost
Economy; International economics
A measure, in terms of real resources, of the opportunity cost of producing or saving foreign exchange. It is an ex ante measure of comparative advantage, used to evaluate projects and policies. The ...
domestic support
Economy; International economics
A policy that assists domestic industry, including a subsidy to production, payment not to produce, price support, and other means of increasing the income of producers.
durable good
Economy; International economics
A good that can continue to be used over an extended period of time.
dynamic comparative advantage
Economy; International economics
A changing pattern of comparative advantage over time due to changes in factor endowments or technology.
dynamic economies of scale
Economy; International economics
A form of increasing returns to scale in which average cost declines over time as producers accumulate experience, so that average product rises with total output of the firm or industry accumulated ...
