Search results
Results From The WOW.Com Content Network
The line of reasoning is that if an aggressor strikes first with nuclear weapons against an opponent's countervalue targets, such an attack, by definition, does not degrade its opponent's military capacity to retaliate. The opposing view counters that countervalue targeting is neither moral nor credible because, if an aggressor strikes first ...
Keynesian economics advocates the use of automatic and discretionary countercyclical policies to lessen the impact of the business cycle. One example of an automatically countercyclical fiscal policy is progressive taxation. By taxing a larger proportion of income when the economy expands, a progressive tax tends to decrease demand when the ...
Reference dependence is a central principle in prospect theory and behavioral economics generally. It holds that people evaluate outcomes and express preferences relative to an existing reference point, or status quo. It is related to loss aversion and the endowment effect. [1] [2]
Counter-economics is the study of the Counter-Economy and its practices. The Counter-Economy includes the free market, the Black Market, the "underground economy," all acts of civil and social disobedience, all acts of forbidden association (sexual, racial, cross-religious), and anything else the State, at any place or time, chooses to prohibit ...
A reference table (or table of reference) may mean a set of references that an author may have cited or gained inspiration from whilst writing an article, similar to a bibliography. It can also mean an information table that is used as a quick and easy reference for things that are difficult to remember such as comparing imperial with metric ...
Countervailing duties (CVDs), also known as anti-subsidy duties, are trade import duties imposed under World Trade Organization (WTO). [1] They are applied following an investigation that determines a foreign country's subsidies on exports have harmed domestic producers in the importing country.
Contingent valuation surveys were first proposed in theory by S.V. Ciriacy-Wantrup (1947) as a method for eliciting market valuation of a non-market good.The first practical application of the technique was in 1963 when Robert K. Davis used surveys to estimate the value hunters and tourists placed on a particular wilderness area.
This distinction should not be confused with the difference between "nominal prices" (current-value) and "real prices" (adjusted for price inflation, and/or tax and/or ancillary charges). [3] It is more similar to, though not identical with, the distinction between "theoretical value" and "market price" in financial economics. [4]