Economics - February 2007

Imagine a production possibilities frontier for a country. One axis of the graph measures the total quantity of investment goods, which are goods that are used in production. Examples might include
factory buildings, delivery trucks, and metal stamping presses used on assembly lines. The other axis shows the quantity of consumer goods such as groceries, appliances, clothing, and transportation services that the country produces. Indicate which of the following changes would cause an outward shift in this
country's production possibilities frontier.

2007-02-21 22:03:06 · 2 answers · asked by Anonymous

I'm preparing to write a thesis, I need the data.
please do help !

2007-02-21 21:49:28 · 1 answers · asked by Anonymous

When the price of ice cream rose 25%, the quantity of ice cream sold fell 10%, and the sale of chocolate
syrup also fell 15%. This set of facts indicates that:
a. The demand for ice cream is price elastic.
b. The demand for chocolate syrup is price elastic.
c. The cross-price elasticity between ice cream and chocolate syrup is negative, so the two are complements.
d. The cross-price elasticity between ice cream and chocolate syrup is positive, so the two are substi-
tutes.

2007-02-21 21:21:04 · 2 answers · asked by Anonymous

True or False: If a disease kills a large number of turkeys, the supply of turkeys will decrease. This will result in a price increase, which will then cause the supply of turkeys to increase.
a. True
b. False

2007-02-21 20:43:09 · 3 answers · asked by Anonymous

The production possibilities frontier is concave (bowed outward from the origin)
a. because resources are scarce and society therefore faces tradeoffs.
b. because points on the production possibilities frontier are efficient.
c. if opportunity costs are increasing.
d. if opportunity costs are decreasing.
e. none of the above - the production possibilities frontier cannot be bowed outward from the origin.

2007-02-21 20:21:52 · 2 answers · asked by Anonymous

2007-02-21 19:42:12 · 7 answers · asked by Anonymous

2007-02-21 18:14:30 · 4 answers · asked by Anonymous

I want to estimate the correlation between landownership, subsistence farming and rural poverty of farmer in indonesia. Is there anyone can help me to find references and previous research about this topic. Particulary the econometric model on the topic.

2007-02-21 18:11:43 · 2 answers · asked by rr_bandung 1

2007-02-21 18:09:09 · 3 answers · asked by christianatths07 1

I am a Ph.D. student using Rats econometric pacakage


Whenever i am trying to run perron97 io1 model it gives me result with messege that error occured at location 23460 of perron97 & REG7 i.e. variance is zero.

When i am running perron97 model io2 it gives me result with error message that the error occured at location 13130 of perron97 & REG7 i. e. variance is zero, X13 i.e. redundant restrictions using o degrees, not 1.

Please help i willbe very greatful to you.

Swati

2007-02-21 17:50:07 · 1 answers · asked by swati 1

2007-02-21 17:48:03 · 5 answers · asked by whoamI?? 1

People have always talked about how technology killed a lot of blue collar jobs, and the counter-argument to that is that technology simply changed the nature of the work. Be that as it may, are fewer people still needed IN TOTAL? Stated differently, will technology lead to a society with a tiny segment of the population that owns everything while the masses live in abject poverty, only surviving by finding crappy jobs every now and then and/or being given just enough to get by from the ones on top?

I'd like to think that technology will make things better for people on the whole; human progress. Does anyone have an opinion on this one? Also, I'm wondering if anyone has unemployment stats from, let's say, 100 years ago.

2007-02-21 17:31:34 · 8 answers · asked by Clean Independent Energy 3

I am currently in a college economics seminar and part of the assignment this semester is to choose a country and study their economy. Some of questions being why some nations are wealthy or poor, or why these nations take their positions. Or, whether there's an economic incentive which play into both of these factors. Other things they'd liked talk about would be stuff like MB and MC, and just in general developing a view on why these nations think what they think.

The country that I chose was Germany. However, if anyone much more versed than I am in this (which is many, I'm sure), then it would be a huge help to hear some suggestions on, based on the information I've given you, what things about the German economy would be great aspects to study or certain events or things that you think would be beneficial to learn about for this paper. Or perhaps certain controversial issues. Anything that you can think of would be great and worth looking into. Thanks!

2007-02-21 17:23:52 · 3 answers · asked by Reginald VelJohnson 2

Australian mines (one of our most important industries, which accounts for 15% of Australia's GDP) cover 0.02% of Australia's land mass. More land is occupied by pubs.

wat is GPD

anyway to prove if thats trueee?

2007-02-21 16:58:05 · 2 answers · asked by Anonymous

Are we really dependent on China? We seem to have a trade deficiet with China, and the only things that I see coming from there are toys. Are they really a crucial trading partner?
Is China dependent on the U.S.?

2007-02-21 16:39:25 · 7 answers · asked by The Riddler 3

If yes, then what will replace it so that all human beings can live a decent life? Will we go back to a local and community based marketplace?

2007-02-21 16:20:52 · 8 answers · asked by saje320 1

Price of Ghee is increasing day by day. What will effect it on the compound and joint demand?Thanks to reply urgently

2007-02-21 16:09:44 · 1 answers · asked by asad s 1

2007-02-21 13:16:19 · 6 answers · asked by lauraa_ 2

give examples pleease

2007-02-21 13:15:47 · 3 answers · asked by lauraa_ 2

2007-02-21 13:03:04 · 3 answers · asked by lauraa_ 2

2007-02-21 12:59:36 · 2 answers · asked by lauraa_ 2

2007-02-21 12:57:29 · 2 answers · asked by lauraa_ 2

ok i am a die hard capitalist. I am very much for free trade and what not and against the whole goverment run economy thing. I am wondering if there are any smart, reasonable communists that can explain there point of view on this, because I just can't see how anyone can really believe that will work. In order to save email time here are some pre question rebutals: 1)People don't want to work together and humans are ran by greed so, since capitalism works by everyone trying to get the most for themselves and end up contributing to society in the process, it works better. 2) communism is not an equalizer. in every communist group, excluding hippie communes, there is always diaspora between people. and i'm sure theres some more I can't think of right now

2007-02-21 12:21:00 · 3 answers · asked by Ryan H 2

In order to control rapid increases in prices, the government establishes:
a.market circular flows
b.Tarrifs
c.price controls
d.Natural monopolies

2007-02-21 12:16:54 · 4 answers · asked by yummycrummy07 1

plzzzzzzzzzzzzzzzz answer. thank u

2007-02-21 12:05:27 · 2 answers · asked by somaligurl03 5

2007-02-21 12:02:33 · 3 answers · asked by Tradia 1

The amount a supplier pays to produce goods and services is called the:
a.price
b.supply
c.Demand
d.quantity supplied
e.cost

2007-02-21 11:59:12 · 7 answers · asked by yummycrummy07 1

2007-02-21 11:21:35 · 1 answers · asked by Giggly Giraffe 7

We have always thought that globalization is the way to go these days. We are able to relate to people etc. I am just curious how globalization can be negative.

2007-02-21 11:17:58 · 10 answers · asked by bench 2

What happens to someone who becomes old in America? Not everyone who retires would have a lot of money saved up. Especially if they were working class or lower middle class. I heard that there will no longer be a "Social Security", so now what is going to happen to us when we get old? Who will take care of us? Not all private companies have a pension plan. And sometimes the pension is too low to actually live off of. How can anyone afford to survive once they can no longer work anymore because they are too old?

Is it the same way in places like the U.K.?

2007-02-21 10:54:40 · 8 answers · asked by ev1go 2