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Krugman explained how that seemingly illogical "intra-industry trade" arises by taking into account "economies of scale": the fact that the cost of producing an object may decrease as the number of copies made increases.
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After a brief rebellion which was sternly suppressed the inhabitants of New Orleans enjoyed peace and a growing prosperity under Spanish law, while trade arose with the British colonies in spite of Spanish restrictions.
Thus the gains from trade arise not from specialisation, but from scale economies, fiercer competition and the cornucopia of choice that globalisation provides.Scale economies also allowed Mr Krugman to give economics for the first time a sense of space.
This section discusses changes in output and trade arising from the aforementioned tariff reductions as mandated by the TPP members in different scenarios.
Profits made from this illicit minerals trade arise from market demand for such minerals.
The government should plan defensively in case a moment for horse-trading arises.
Yearly contracts proved too inflexible for such volatility and in response a system of spot trading arose.
Though the Nasdaq market calls itself home for the stocks of the world's biggest technology companies, the exchange acknowledged on Thursday that a three-hour halt in trading arose from a problem with its software.
NASDAQ SHUTDOWN IS TRACED TO SOFTWARE | The Nasdaq market, which calls itself a home for the stocks of the world's biggest technology companies, acknowledged on Thursday that a three-hour halt in trading arose from a problem with its software, DealBook's Michael J. de la Merced reports.
She claims high-frequency trading arose because "the Bush administration and Republicans in Congress largely ignored calls for reform".
Our trade deficit arises in large measure from the hundreds of billions of dollars we pay for foreign oil.
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CEO of Professional Science Editing for Scientists @ prosciediting.com