Economics - April 2007

2007-04-07 19:35:28 · 2 answers · asked by th 1

Today I had a conversation with stranger, I realised this bloke who is working in a blue-collar industry earns about 37% more than what I might be earning if I'm able to obtain a full time in my field of study at tertiary level. I haven't been able to find a job for 6 months. But yet again I know my parents will be ashamed if I did the job this person was doing as no skill was required of the job. Yet at the same time, I am also very objected against the top echelon of the society earning a disproportionate amount of income, because most of the time it is far beyond what their technical expertise is really worth and it makes catching up almost impossible. How does one justify the worth of living in such a contradictory world where there exist this conundrum of skewed meritocracy? How can one live at peace with oneself?

2007-04-07 19:12:44 · 3 answers · asked by Wol*5f 1

The recent pet food scare caused me to wonder what might happen if scores of canned foods from China were tainted with weird DNA, toxins or other microbes.

Do rational people allow the majority of food they import, to be supplied by a former Communist enemy?

Are the leaders who encourage such economic insanity really friendly to its constituents?

2007-04-07 08:39:49 · 6 answers · asked by Anonymous

2007-04-07 07:46:13 · 21 answers · asked by bobo 2

i need a relyable source from the internet so i can find out what the current percentages of racial groups are in America and what percentage of America makes the minority.

2007-04-07 06:53:41 · 1 answers · asked by ruthvon11 2

Okay, so I need any knowlegde anyone has, or papers or articles anyone knows about, that can give me mathmatical data on the effect of increased education on the GDP. Also, if anyone knows of any other countries who have had economic reform and increased their GDP? I need to know statistics about how many unemployed people and people on welfare are that way b/c of under-education. I have looked all over and I am writing a paper on the effects of increased and more structural education on our GDP- and it's turning out to be mostly about the educational changes than the GDP and the numbers which is WRONGWRONGWRONG cuz this is a macroeconomics paper. Help?

2007-04-07 06:52:18 · 2 answers · asked by Anonymous

I live in ohio..and i hear up in Cincinatti..that people have to start taking these litte chip devices under their skin just to get certain jobs.In the bible it says something like man with do something like this..and eventually it'll be everywhere..I know it's not a sign of the end of the world but its something happening that the bible stated would happen..Its just your opinion on when you think the world is gonna end..

2007-04-06 11:47:23 · 8 answers · asked by jeansterdog 1

Where are these jobs, anyway?

2007-04-06 09:13:45 · 5 answers · asked by Canadian Time Traveler 3

Who is responsible for the numerous bankruptcies associated with increases in adjustable rate mortgages, the lender or the borrower? Why?

2007-04-06 06:10:59 · 5 answers · asked by FLICKA! 1

2007-04-05 20:44:18 · 12 answers · asked by karyee 1

I was wondering, if it could ever work. Every country in the world, using the same currency.

What do you think?

2007-04-05 18:54:56 · 6 answers · asked by Anonymous

2007-04-05 11:11:03 · 9 answers · asked by snappers90 2

In intermediate economics we are told that Total Effect = Income effect + Substitution effect but in advance level this relation is changed to
Total effect+income effect = substitution effect

why is that? please explain with logic

2007-04-05 09:03:51 · 2 answers · asked by soe s 1

Prices have been pretty high lately and Im woundering what the prices are affected by.

2007-04-05 06:45:59 · 9 answers · asked by RYAN B 2

full answers please

2007-04-05 06:30:49 · 4 answers · asked by kera a 1

2007-04-05 03:41:34 · 10 answers · asked by shaaleennath 1

2007-04-05 00:41:04 · 6 answers · asked by Anonymous

i'm sure a lot of factors, for example how well the economy is doing, employment rate, etc. it is still baffling to me, however, because the uk sterling is worth so much more than the us dollar...almost double. on a very general level, i dont think englands economy is doing that much better than the u.s. economy, am i wrong? certainly not double in whatever formula has been contrived. someone help me out.

2007-04-04 18:45:36 · 2 answers · asked by bruce_eel 4

1. Given a production possibilities curve, a point __________.
a. inside the curve represents unemployment
b. on the curve represents full employment
c. outside the curve is currently unattainable
d. all of the above

2. Compare two economies A and B that start out with identical production possibilities curves. Economy A chooses an efficient point with 6 consumption goods and 3 capital goods, while economy B also chooses an efficient point, but with 4 consumption goods and 5 capital goods. In the future we can predict __________.
a. economy A will operate inefficiently
b. economy B will operate inefficiently
c. economy A will grow faster than economy B
d. economy B will grow faster than economy A

2007-04-04 18:03:15 · 4 answers · asked by mohotbabe 2

The short-run elasticity of demand for residential electricity with respect to a change in the price of a natural gas is estimated to be 0. The long-run elasticity is put at 0.5. Based on these numbers, are electricity and natural gas subsititutes, complements, or independent in the long run? What about the short run? Why is the relationship between these two goods different in the short-run than in the long-run?

2007-04-04 15:13:47 · 3 answers · asked by Shasta T 1

An elected representative spoke out against increasing the tax on oil producers, arguing that any higher tax "will end up on the backs of consumers. You can't sock it to the big oil companies.. they'll just pass (all of it) along to the consumers." What was the representative implying about the price elasticity of demand for oil? Does avaliable evidence support his claim? If the representative were correct and if a new tax were imposed, how much less oil would be demanded?

2007-04-04 14:12:45 · 2 answers · asked by Shasta T 1

The Bank of Canada reports that it has coins valued at $15 billion, chartered banks' reserves of $25 billion, gold valued at $12 billion, Bank of Canada notes of $500 billion, and Government of Canada securities of $200 billion. What is the size of the monetary base?

2007-04-04 13:51:30 · 2 answers · asked by Anonymous

How can a new deposit of $10,000 create other new deposits at other banks? Suppose the desired reserve ratio is 10 percent and there is no currency drain. What will be the new amount of deposits in the second and third rounds?

2007-04-04 13:49:04 · 2 answers · asked by Anonymous

when can we have a shortage or a surplus? can you give me an example?
thank u

2007-04-04 10:59:58 · 5 answers · asked by lolita 2

2007-04-04 10:06:03 · 5 answers · asked by ? 4

2007-04-04 06:00:19 · 3 answers · asked by akjvkj 1

2007-04-04 05:50:57 · 5 answers · asked by darknlovely387 1

2007-04-04 05:17:24 · 3 answers · asked by Jess S 1

2007-04-04 05:15:23 · 3 answers · asked by Jess S 1

When an inverse relationship is graphed, the resulting line or curve is horizontal, vertical, upward-sloping or downward-sloping?

2007-04-04 04:33:15 · 2 answers · asked by Sophyma 1