Economics - February 2007

2007-02-12 10:02:05 · 2 answers · asked by Anonymous

In my school we have the subject economics and we talked about the PED (price elasticity of demand). But I didn't really understand what it means and what it is for.
It would be very nice of you if you could explain it to me (but please in simple english, 'cause I'm from Germany).
Thanks!

2007-02-12 09:48:36 · 6 answers · asked by Mademoiselle 4

2007-02-12 09:38:40 · 4 answers · asked by Chris M 1

2007-02-12 09:27:10 · 1 answers · asked by paralegaltechnik 3

We are depenent on China now. Nearly everything we need , use, wear and enjoy is Chinese. Look around you. Even Mercedes and BMW manufacture cars in China and why not? Quality is good and prices low.

Your TV, Computer, Ipod, cell phone, clothes etc..Chinese.

What if they decide to cut us off? we'll be crippled and the most likely cause would US aggression.

The Chinese and Russians are buddies now..

Theres a new space race...the US is trying to get there (for the first time) before the Chinese.

If the Chinese pull the plug on America we'll be sent back to the stone age in no time.

2007-02-12 09:06:11 · 19 answers · asked by Anonymous

2007-02-12 08:52:17 · 8 answers · asked by Anonymous

possibilities curve: A. The quality of education increases. B. The number of unemployed workers increases. C. A new technique improves the efficiency of extracting copper from ore. D. A devastating eathquake destroys numerous production facilities.

2007-02-12 08:37:57 · 1 answers · asked by MeLiSsA 2

Given that the last few expansions have lasted longer than usual, is this due to the Fed understanding the economy better, simply chance or any specific economic factor
Thanks for your comments

2007-02-12 07:48:10 · 2 answers · asked by Ruben G 2

2007-02-12 06:42:59 · 2 answers · asked by Julio R 1

2007-02-12 06:23:20 · 2 answers · asked by Anonymous

We can double the education budget in one year by legalizing pot.
We currently spend $12.8 Billion on Education as projected for 2008. We spend $1.6 billion nationally (who knows state by state) on the war on drugs, and $4.92 billion on prisons. By legalizing it let me lay down some math for you. We could double the budget for education in 1 year. Conservatively say 10% of the population spends $50 a week (probably more like $150). That generates 1.35 Billion a week for agriculture as a gross, if we taxed it 25%, that would mean we could ad $337,500,000 (that’s 337Million) a week into education, calculating to an initial first year budget increase of $17.7 Billion.
Double the current budget of $12.8 Billion for 2007, increasing to 13.2 Billion for 2008.

2007-02-12 06:00:50 · 6 answers · asked by dolphinparty13 2

and are they gonna get rid of them just like those other ones they had in like 2003

2007-02-12 05:53:12 · 6 answers · asked by Anonymous

It has been said that the critical elements of competition are innovation, quality and speed to the market. In the light of technical advance, is this view still sufficient?

2007-02-12 05:30:06 · 1 answers · asked by Anonymous

2007-02-12 05:05:16 · 7 answers · asked by Joe 4

"Ethnic unemployed have to learn English".

More than four million pounds is spent on translators at jobcentres to help those who cannot speak English claim benefits.
This has been a gross waste, by the government, of taxpayers money.

Do people who have to emigrate to another country due to a natural disaster or very poor political situation not owe it to their host country to at least learn the local language.

Welfare Minister Jim Murphy proposed that from April, this money should instead be spent on improving the language skills of the unemployed to help them find work. He also pointed out that more than half of Pakistani and Bangladeshi children in Britain live in poverty.
If the parents are used to a very low standard of living then should the children have to endure this?
Is this not a sure fire way of producing a two tier society, the ones that have and those that do not?

2007-02-12 04:21:19 · 2 answers · asked by kayamat_ka_din 3

2007-02-12 03:34:55 · 11 answers · asked by Anonymous

What would be the average salary for a British secretary for example, and a factory worker, and how much of that salary would pay for housing, food, etc. Thanks

2007-02-12 02:34:35 · 4 answers · asked by nalashelby 2

The US economy is almost 12 times bigger (in terms of GDP) than the British. Still the pound is a strong currency. Why? How is a currency evaluated?

2007-02-12 02:19:37 · 8 answers · asked by KeenKumar 2

points for debate

2007-02-12 02:16:07 · 6 answers · asked by Rama Devi M 1

2007-02-12 02:16:00 · 2 answers · asked by Anonymous

2007-02-12 02:11:17 · 2 answers · asked by brian val R. A 1

i discuss with my friends everybody now confused obout selection of topic ,if you are a good economist please suggest me the topics must that is helpful for my fututr carrier.(email:samimail@rediffmail.com) personally also suggest a topic

2007-02-12 01:30:05 · 8 answers · asked by PERIYASAMY N 1

2007-02-12 00:56:21 · 3 answers · asked by csn0331 3

My teacher says its in the thousandth place, then he asked why we dont use the nine in gas prices in money?

2007-02-12 00:54:01 · 3 answers · asked by southernman48197 1

2007-02-12 00:27:39 · 5 answers · asked by Anonymous

thanks~

2007-02-12 00:22:25 · 1 answers · asked by cheryl 1

This is meant to explore what would happen if we became completely reliant on our own domestic labor and resources. What would happen to the United States economy if foreign trade was closed; no more imports from china, no more Japanese cars, no more H1B visas, no foreign nationals attending our universities. No more military activity or presence outside US territories. All goods and products would be domestic. US producers could not export - the domestic market would be their only market. This also would mean no more foreign aid - that money would go towards domestic aid.

Also, what affect would this have on the global economy?

2007-02-12 00:03:09 · 5 answers · asked by Jack L 2

2007-02-11 23:30:04 · 16 answers · asked by Anonymous

2007-02-11 23:20:32 · 1 answers · asked by Anonymous

Some people make more than others.

Generally speaking the differences are a matter of timing (most of us spend some time in four different income "quintiles" over the course of our career, and the average age of the top "quintile" is about 20 years older than the average age of the "bottom" quintile), geography (you're paid more, and it costs more to live, in Manhattan than in Fayetteville), decisions (college-educated workers are generally paid more per year than non-college-educated workers, but they started work four or more years later and went $100K or more into debt), and for what we do (blue collar workers generally perform a repetitive, straightforward task for a set period of time per day, while high-paid white collar workers use analytical reasoning and judgment to solve problems as they arise, have to stay until they solve the problem and if their solution doesn't work, they can be fired).

How is any of this "unfair?"

And if it's not "unfair," why change it?

2007-02-11 17:22:17 · 7 answers · asked by Anonymous