5-4 What are the potential costs of adopting a free trade regime? Do you think governments should do anything to reduce these costs? What?
▲ 기술수준 차이를 극복하는 비용
- 후진국의 입장에서 보면 어떤 산업에 비교 우위가 있다고 하자. 그러나 절대적인 기술 격차가 있어서 선진국의 기술 수준을 따라 잡지 못하는 현상이 있을
Ⅰ. FTA(Free Trade Area)
(1)The Definition of FTA
Free Trade Area is a designated group of countries that have agreed to eliminate tariffs, quotas and preferences on most (if not all) goods between them.
It can be considered the second stage of economic integration. the stage of economic integration
Economic integration is a term used to describe how different aspects between economi
Trade Terms)이라 한다. 이런 무역조건을 국제적으로 통일하기 위하여 국제상업회의소(ICC)는 1936년 ‘무역조건의 해석에 관한 규칙’을 제정했다. 이것이 곧 인코텀즈(INCOTERMS)로서 당사자간의 법률관계 중 의무의 내용을 중심으로 규정했다.
ICC는 매 10년마다 국제 상관습의 변화를 반영, 인코텀즈를 개정
Type of
fixed cost Definition Example from the case of Blue Nile
Committed fixed cost A cost that can’t be significantly reduced for short periods of time without making fundamental changes Costs associated with being a publicly traded company
Discretionary fixed cost A cost whose total dollar amount varies in direct proportion to changes in the activity level Marketing costs
cost : the highest-valued alternative you give up
5. Essential Content
- Scarcity means that society has limited resources, so people cannot fully meet their unlimited desires.
- Because of Scarcity, people must make a choice efficiently in their life.
- Making decisions requires trade-off.
- Trade-off means an exchange of one thing in return for another
- Opportunity cost me