Economics - March 2007

if we as consumers, stuck together and aimed for a common goal i.e. NOT buy, would we force retailers to reduce prices, for example, if we all stopped paying over the ODDS for luxury items, would the prices fall in line with the rest of the world?

i ask because, i feel RIPPED off, living in Britain!!

2007-03-23 12:31:05 · 4 answers · asked by bluecow 5

Hi!

Say I have a least squares regression line/ line of best fit like this:

Hand span = 2.3 + 0.53 X Age

and I'm wanting to find "r", "pearsons correlation coefficient"

How do I do it? I can use a calculator

Thanks so much guys!!!

2007-03-23 12:27:32 · 3 answers · asked by Anonymous

a. other countries have a comparative advantage over France in producing tea.
b. France has an absolute advantage over other countries in producing tea.
c. France will export tea if international trade is allowed.
d. French tea buyers will become worse off if international trade is allowed.

2007-03-23 12:01:45 · 1 answers · asked by investing1987 3

a. everyone in the country benefits.
b. the gains of the winners exceed the losses of the losers.
c. the losses of the losers exceed the gains of the winners.
d. everyone in the country loses.

2007-03-23 12:01:22 · 4 answers · asked by investing1987 3

a. foreign competitors that could produce quality textile goods at low cost.
b. lower prices of goods that are substitutes for clothing.
c. a decrease in Americans’ demand for clothing, due to increased incomes and the fact that clothing is an inferior good.
d. the fact that the minimum wage in the U.S. has failed to keep pace with the cost of living.

2007-03-23 11:56:12 · 3 answers · asked by investing1987 3

for the short-run production function f(L)=6L^(2/3)

2007-03-23 11:52:47 · 2 answers · asked by Anonymous

Last year they raised it, like, 17 times in a row or something. With the impeding recession due to forclosures, plummeting home values, glut of available homes for sale etc., what do you think the fed should do with the current interest rate? Please explain and qualify your answer.

2007-03-23 11:36:27 · 7 answers · asked by bonnechancepetitchat 3

2007-03-23 10:59:51 · 3 answers · asked by dlq7982 1

If a corporations started buying out every companies as well as every other corporations, including every banks and credit corporations, and then bought every state owned enterprises (including every schools and public health establishments). That corporation would then buy out every real estate property and continue until it owns every building and every jobs on the planet. That corporation would have an infinite wealth, as every time a dollar is spent anywhere except for a salary, the corporation would get it back, and dollars spent in salaries would go back to them as every product that would be possible to buy would be produced by that corporation, it would have a perfect control on all the information as it would control the books/internet/schools and it would control all the jobs, and as soon as the CEO would spend a $ somewhere the $ would come back in his pocket, therefore he would have an infinite wealth.

What else could happen?

2007-03-23 10:36:41 · 6 answers · asked by randomdude 3

2007-03-23 10:29:51 · 4 answers · asked by walexan 1

Stock price $40 Market value of firm $400,000, Number of shares 10,000 Earnings per share $4, Book net worth $500,000, Return on investment 2% quarterly. Pisa has not performed spectacularly to date. However, it wishes to issue new shares to obtain $100,000 to finance expansion into a promising market. Pisa's financial advisers think a stock issue is a poor choice because, among other reasons, "sale of stick at a price below book value per share can only depress the stock price and decrease shareholders wealth." To prove the point they construct the following examples: "Suppose 2,500 new shares are issued at $40 and the proceeds are invested. (Neglect issue costs).

2007-03-23 09:59:42 · 2 answers · asked by Speed 1

Pass it on.

2007-03-23 09:37:54 · 4 answers · asked by James S55$$ where I give you ME. 4

Does economic freedom help explain why the standard of living improves in some countries and declines in others?and what contries do you think are really good examples of this?

Despite an overall rise in global standards of living during the last century, conditions have not improved equally in every country. One country's policies and institutions may improve the well being of its people, while another country's policies and institutions lead to decline.

2007-03-23 09:21:02 · 2 answers · asked by The REBELution! 3

2007-03-23 08:55:56 · 7 answers · asked by chuck 1

2007-03-23 08:37:22 · 2 answers · asked by Anonymous

What about in America alone? What can be done to stop it?

2007-03-23 08:28:29 · 5 answers · asked by Jaylin B 1

I recently had the opportunity to get involved with a company who's President is a brilliant Structual Engineer in his 60's. This man has developed and invented a proved a technology that could WILL change the World. I can't really say what it is due to a contract I have signed. However, this technology will have a huge impact on helping the environment, insurance costs, low income housing, disaster relief (Katrina), Military safety, and the list goes on and on. The problem I am challenged with is, at the same time this technology could put alot of skilled laborers out of work. People that have spent thier entire lives making a living at their craft. It will cause havoc amongst the Unions of America. And I am sure that once this technology is introduced there will be alot of unhappy greedy lobbyist's and poloticians that will try to stop it. I was asked to help bring this technology to market and by doing this, I will be at the forefront. The pay is very lucrative.

Any thoughts?

2007-03-23 08:22:28 · 6 answers · asked by Millionaire in training 4

2007-03-23 07:28:18 · 5 answers · asked by Rob G 1

2007-03-23 07:15:00 · 3 answers · asked by ajay s 1

2007-03-23 07:14:53 · 3 answers · asked by 0 1

Because the elimination of disease, and their treatments would cause economic downturn?

2007-03-23 07:11:07 · 3 answers · asked by Diesel Weasel 7

.) Suppose the jeans industry is an oligopoly which earns firm sells its own distinctive brand of jeans. Each firm believes its rivals will not follow its price increases, but will follow its price cuts. Explain the demand curve facing each firm. Does this demand curve mean that firms in the jeans industry do or do not compete against one another.?

2007-03-23 06:57:27 · 3 answers · asked by prettypls, 1

It seems like the US and Europe backtrack on free trade talks when it comes to agriculture, even though I've read that opening up the market would do more to help impoverished nations than foreign aid. What is your position on the topic?

2007-03-23 06:57:13 · 2 answers · asked by Brandon 3

2007-03-23 06:53:47 · 1 answers · asked by Anonymous

2007-03-23 06:46:19 · 1 answers · asked by Anonymous

in my sociology class of thursday we came up with the discussion on socail strata and then this question came up.
the fact that professor present before us was jaw dropping;that the difference between the annual income of the richest and poorest people in the newyork according to 2000 census is richest people make 52 times higher than poorest people. how this things happen? what are factor behind it? and what is the solution for this wide gap? do this gap will be there forever?
how do you think? with you ideas we can find best answer to address this problem.

2007-03-23 06:42:41 · 7 answers · asked by jon 2

http://www.studentsoftheworld.info/infop...

The link above shows the USA's economy was amost 6 times larger than China's in 2005 and almost 3 times larger than the 2nd largest economy in the world.
What effects would we see if China's economy grows to match that of the USA?
Would we see the elimination of poverty worldwide, or would poor nations suffer more? Would the U.S. prosper or lose wealth?
What do you see as an outcome?

2007-03-23 06:23:44 · 1 answers · asked by Overt Operative 6

When talking in terms of equipment?

Thanks for any help.

2007-03-23 06:14:53 · 2 answers · asked by that_guy 2

Can someone please help me with this economic questions!! I will really appreciate it . thanks a lot for those who helped:

1. Suppose the minimum point of the LRAC curve of a soft-drink firms cola is $1 per liter.Under conditions of monopolistic compettion, will the price of a liter bottle of cola in the long run be above $1, equal $1, less than $1, or impossible to determine?

2. List four goods or services that you have purchased that we produced by an oligopolist. Why are these industries oligopolistic, rather than monopolistically competitive?

3. What might be a general distinction between oligopolists that advertise and those that do not?

Thanks a lot again for those who helped.

2007-03-23 06:06:09 · 1 answers · asked by CM 1

example - several weeks ago the Euro was 1.278. Today it is 1.329. Does that mean you get more Euro's per dollar - therefore the Euro is stronger than the dollar?

2007-03-23 06:01:56 · 3 answers · asked by dryheat 1