Trade-off
Exploring the concept of trade-offs in economics, wherein achieving more of one good or objective necessitates giving up some of another.
Trade-Related Intellectual Property Rights
Understanding TRIPS, an international agreement established in 1995 to protect intellectual property rights globally.
Trade-Related Investment Measures (TRIMS)
An agreement reached in the Uruguay Round to attempt to control national policies such as investment subsidies which have significant effects on international trade.
Trade-Weighted Index Number
An index number weighted according to the shares of various countries in a nation’s trade, used to compute the country's effective exchange rate.
Trademark
A symbol, logo, or name used to enable the public to identify the supplier of goods
Tragedy of the Commons
The over-utilization of a common access resource due to individual users maximizing personal profit without accounting for the social impact of their actions.
Training
The process of improving workforce skills through formal instructional courses or on-the-job training.
Trans-Pacific Partnership
A comprehensive free-trade agreement aimed at deepening economic ties between 12 Pacific Rim countries.
Transaction Cost Economics
An approach to the economic explanation of institutions examining the relative merits of conducting transactions within and between firms.