Economics - October 2006

Why some people get very rich just because they are good in manipulating money? But some people who do very well job and have great contribution are so poor?

This is the problem of capitalisme? Or the problem of human itself?

2006-10-10 22:48:14 · 13 answers · asked by LJ 2

In some states, hunting licenses are allocated by lottery; if you want a license, you send in your name to enter the lottery. If the purpose of the system is to ensure that those who want to hunt the most get a chance to do so, what are the flaws of this system? How would the situation improve if people who won licenses were allowed to sell them to others?

2006-10-10 20:07:44 · 2 answers · asked by Anonymous

Suppose a government wishes to ensure that its citizens can afford adequate housing. Consider three ways of pursuing that goal.
One method is to pass a law requiring that all rents be cut by one-fourth.
Second method offers a subsidy to all builders of homes.
Third method provides a subsidy directly to renters equal to one-fourth of the rent they pay.
>>Predict what effect each of these proposals would have on the price and quantity of rental housing in the short run and the long run.
>>And I want to know that what is the short run and the long run refers to? the renter or the builder?

2006-10-10 20:00:30 · 2 answers · asked by Anonymous

1. Why is the opportunity cost of going to medical school likely to be greater than the opportunity cost of going to college?
2. Why is the opportunity cost of a woman with a college education having a child greater than the opportunity cost of a woman with just a high school education having a child?

2006-10-10 19:55:21 · 1 answers · asked by Anonymous

i have searched everywhere for a simple definition.
nothing is simple these days

2006-10-10 18:51:55 · 4 answers · asked by music theft 1

2006-10-10 15:16:51 · 1 answers · asked by bianca j 1

ie, wd it so reduce overpower and lift underpay, that world violence wd be reduced to survivable levels? ie, wd it be perceived as sufficient increase of justice, to reduce violence [oppressing the weaker [slavery, exploitation, warmongering, cannonfoddering, plunderers plundering], attacking the richer [mafias coming up from the bottom, the plundered plundering the plunderers] to survivable levels?

it probably wouldnt reduce violence enough for happiness [peace, safety, global quietness] but it might be enough for survival - the reduction of overpower would not be great, but the reduction of the most extreme, most violence-generating, underpay would be significant

would limiting fortunes to $100 million bring survival and global calm? reduction of tyrannous overpower and corruption would start to be significant, the richest would be ceasing to be: above the democratic law, writing laws to suit themselves, breaking the law with impunity & with the protection of the lawkeepers

2006-10-10 14:42:34 · 5 answers · asked by Anonymous

Which of the is are more elastic demand then the other?

1. Water or Diamonds
2. Insulin or nasal decongestant spray
3. Food in general or breakfast ceral
4. Gas over one week or gas over a year
5. Personal computers or IBM personal computers

Thanks for helping me out. :)

2006-10-10 14:17:07 · 4 answers · asked by mcsquare3245 2

[we have such a pay range - bill gates increase of fortune 1998 $18 billion, = 18/26ths billion per fortnight av, = peaks up to around $1 billion per fortnight, mexican druglords $30 billion a year [according to daughter of pres truman] - burundi av annual per capita income $100 = $150 per worker [incl homemakers] = $6 per fortnight av, & 99% of ppl in the world are below the av - $3 a month for cuban car mechanic, = $1.50 a fortnight]

[we know injustice causes violence [war & crime] because we know a govt taking 90% off 90% and giving it to 1% wd cause [extreme] violence - and we know money is allimportant, good for most good things, incl necessities, so theft [injustice in pay] is the greatest injury, and we know ppl are not doormats, ppl oppose theft, injury produces eq opp reaction]

[we know violence is escalative, because violence [war & weaponry] and rich-get-richer hav been escalating for 1000s of yrs, and because violence escalates as both sides try to win]

2006-10-10 13:25:15 · 4 answers · asked by Anonymous

can you please tell me how much euro worth in Canadian dollar?

the question may be wrong but please i really need to know this. thank you a lot!

2006-10-10 13:13:15 · 2 answers · asked by Anonymous

[warning: this is a brainbender] - [violence [war & crime] is caused by injustice, justice is equal pay for equal 'work' - if we can correctly clarify 'work', we can get justice, peace, happiness] - [by work, we mean paymerit] - before job-specialisation, each person did all his/her own work, and thus couldnt be mispaid - each got all the fruits of her labour [let's call this f] - justice wd be getting the same proportions of fruits as ppl got when they were working individually - the efficiency factor of jobspecialisation let's call x [somewhere between 2 & 10?] - so justice wd be everyone getting fx, ie, what they wd get doing all their own work, times the job-specialisation efficiency factor

job-special. creates need for trade - effectively everyone dumps all their specialised fruits of labour into a pool and everyone shd take out a variety of goods containing the same amount of work as they put in

ds this make good sense, according to you?

2006-10-10 12:33:16 · 5 answers · asked by Anonymous

If British or Great Britain a rich country, How come most of the things to buy are so expensive? And why are the taxes so high?

2006-10-10 12:21:06 · 6 answers · asked by qwerty 1

And who said they could make it, etc? Did it get matter/nature approvals?

2006-10-10 12:10:04 · 6 answers · asked by Chris cc 1

the founding fathers realised the obvious, that tyranny was inevitable with overwealth - they tried their best to limit fortunes to justice, by prohibiting entail & primogeniture, fixing clergy salaries, warning against the corporation - they believed that wealth concentration wd kill the republic, as did several presidents - democracy = people power, which is subverted if wealth/power is not just, is not proportional to work - work is democratically spread, wealth must be too, for justice, nonviolence, love of the republic, survival

people's concept of justice, grasp of the allimportance of justice, was [far] too woolly for vigilance, the price of democracy, safety, happiness, peace

justice [=peace, happiness, democracy, capitalism for all] is equal pay for equal work - we can quantify pay - when we can correctly define & quantify work, we will get justice, happiness, everything good we are missing out on

ppl said: liberty! freedom to get limitlessly rich!

2006-10-10 11:44:55 · 3 answers · asked by Anonymous

P = 40, q = 10 at equilibrium
At equilibrium, price elasticity of supply = 2.0

Use the price elasticity and market equilbrium to find the supply schedule q = a + (change in q/change in p)p.

How do you go about doing this?

2006-10-10 11:35:31 · 3 answers · asked by Anonymous

shd i pay an established economist and a just out of college economist the same? the time of a person of high ability is worth more, surely?

points to consider: force is no good - the force proves that the person is unwilling - where the person is unwilling, force is ineffective - force produces equal opposite reaction - violence

we can leave the whole capitalist system as it is, just cap fortunes to the just maximum earnable, to save democracy, capitalism and the human species, destroy war & crime, establish happiness

payment is to compensate LOSS - loss [time, energy]is equal with good/poor programmer - loss is equal with established/unestablished economist - high ability is worth more, but loss is no greater - paying a person for having a natural gift is money without work, which causes work without money for others - which causes violence, which escalates to extinction - insofar as the high ability is study and training, justice pays for that

[further points no room....

2006-10-10 11:26:45 · 4 answers · asked by Anonymous

2006-10-10 11:03:23 · 13 answers · asked by anmar4ever 1

selfdestruction, selfhate, unchristian, ie antichrist, hellbent?

was jesus wrong or right? had he seen something that we hav [great] difficulty seeing?

we hav defied jesus's opinion for 2000 yrs, and for 2000 yrs we hav seen increasing violence war crime and weaponry - war and weaponry hav not been getting smaller - and now we stand on the brink of extinction - injustice & violence are still increasing, we face a century with disappearing soil, rapid population growth, shift of wealth-dominance to the third world - what does it take to make us alarmed, thoughtful, inclined to review our beliefs, seek out the error buried amongst our accepted ideas?

a 60th of the bombs we hav now can block out the sun forever [put enough smoke above the rain washout level] - perpetual global snowstorm

'the state built on injustice cannot stand' roman
'equality breeds no strife' athenian - ie, inequality breeds strife - we hav strife -
the founding fathers tried to limit fortunes

2006-10-10 10:55:55 · 4 answers · asked by Anonymous

than $2 million is not earned, is not fair, is theft, is injustice, which is evergrowing, which is misery [war, crime, violence, tyranny, slavery, destruction of the state, and now, thanks to e=mc2, nuclear winter, frozen planet, triple iceage]?

[pls answer the question, seriously, sincerely soberly, or not at all - ie, try to resist the temptation to give a silly useless pointless jokey reply, which makes me despair]

2006-10-10 10:39:06 · 4 answers · asked by Anonymous

2006-10-10 10:29:16 · 2 answers · asked by Lil Bubba 1

In europe they have a shorter work day, longer breakes and lunches. Yet they still seem to acomplish more in a work day than there distant cousins the americans.

Why is this? Are americans lazy? Is this a leftover effect of the poor american Scool Syestems?

2006-10-10 09:22:45 · 11 answers · asked by gotslayer 2

micro economics help in the allocation of resources.What are the problems that micro economics facem in the allocation of resource

2006-10-10 08:11:29 · 5 answers · asked by pazy 1

2006-10-10 08:05:18 · 4 answers · asked by Redsox73 1

2006-10-10 07:13:07 · 4 answers · asked by Anonymous

2006-10-10 06:57:01 · 3 answers · asked by Anonymous

2006-10-10 06:56:22 · 8 answers · asked by Anonymous

2006-10-10 06:45:48 · 1 answers · asked by Pedro M 2

2006-10-10 06:41:56 · 5 answers · asked by Ximomila 2

if its free, thats a plus. i dont need indepth stuff, just a graph of whats happend in the past year etc

2006-10-10 05:12:50 · 4 answers · asked by Anonymous

2006-10-10 04:58:54 · 2 answers · asked by Faisal L 1