Economics - August 2007

What are the major sources of gains from trade? Why is exchange important to a nation’s prosperity? How does trade influence the quantity of output that trading partners are able to produce? In a market economy, will there be a tendency for both resources and products to be supplied by low-cost producers? Why or why not? Does this matter? Explain.

2007-08-31 17:27:23 · 2 answers · asked by jlu 1

How does it work? Etc..

2007-08-31 11:09:52 · 3 answers · asked by top notch susie 1

I know petrol or gas prices are much higher in the UK than the US, but British people also tend to need to drive less than Americans too.

How do they compare in other prices ??


(Comparing small town UK to small town US, etc)

2007-08-31 09:32:52 · 7 answers · asked by Anonymous

What is the deal with out exchange rates??

I remember 10 years ago, the exchange rate from the dollar to the pound was around $1.40 for one pound.

Now , I just checked and it is over $2.00 now to buy one pound.

To buy a one pound American Express Travel Cheque , costs $2.22 !!!

Do these exchange rates level out when you compare them to the actual prices over there or not??

I am feeling like a third world person almost traveling to a first world country!!

2007-08-31 08:42:43 · 5 answers · asked by Ron 1

Along with the mentally ill, the elderly and single mothers trying to get back on their feet?

2007-08-31 08:34:37 · 8 answers · asked by Anonymous

2007-08-31 08:33:42 · 7 answers · asked by Anonymous

I have heard that US reserves are on Gold Bullion In Fort Knox Texas.How many days will it lasts if affected by a crisis?

Why financially strong country like US ,Britain,Germany etc and others are not in the list in Wikipedia.But there are countries like China,India,Brazil,small countries like Singapore ,UAE etc
Another factor i have observed is there is Japan one of the financial power house in the list.
Can some one help me in the dilemma regarding why US etc does not believe in investing in resrves.Wht are the other alternatives.

On Wht grounds can we consider US as the richest nation?If it does not have enough resrves to counter any crisis?

2007-08-31 06:08:56 · 3 answers · asked by Roshan A 1

I was just reading that where i live in boston the median income is 59k. I make 43k. Does this basically mean i'm poor and should be making moor?

2007-08-31 05:48:06 · 11 answers · asked by meggerpepper 1

I have read an article stating: "A depression is a servere recession usually characterized by any of the following problems.... Financial panic, bank closures, unemployment rates exceeding 20 percent, and significant deflation". I'm just wondering if we are going to expirience another great depression? And if so how is it going to effect or economy?

2007-08-31 05:12:39 · 4 answers · asked by Anonymous

every year is getting worse! do you think the dollar will rise again or is it a steady downhill ? I wish I could understand why. isn't it detrimental to us economy? the wars haven't helped much economically. any comment with insight would be greatly appreciated. thanks.

2007-08-31 04:40:07 · 11 answers · asked by sarah kay 5

In 2008 the University of Melbourne is going to ahead with its model of offering generalist degrees followed by a master degree in a specialised discipline. It is likely that students attendin Melbourne University will have to pay more fees for at least 5 years.

2007-08-31 00:20:52 · 1 answers · asked by Sumon KHAN 1

It takes only a few days to register a business name in Australia.When it comes to the degree of competition beetweens business firms is Australia really as competitive as people says.

2007-08-31 00:09:40 · 2 answers · asked by Sumon KHAN 1

I thought of this question while cycling today. As older people die and leave their children their real estate and the rest of the inheritance, and as generation after generation passes, does a western country with low population growth gradually become richer due to this factor? Or is this factor insignificant?

2007-08-30 16:43:13 · 6 answers · asked by Aiyah 3

2007-08-30 15:21:16 · 1 answers · asked by cm 1

before world war i, the term_______________ currency meant the money the government printed, nothing else.

2007-08-30 14:50:12 · 3 answers · asked by li 2

im trying to do a compare and contrast essay. i got 2 differences, and i've been trying to search for a similarity for the past hour and a half. please help me!

2007-08-30 14:08:36 · 2 answers · asked by kimkonnoth 2

2007-08-30 11:01:04 · 8 answers · asked by ☺☻☺☻☺☻ 6

I need a Case study on atleast 5 items with every minute detail about the changing price of the item(product). thanx

2007-08-30 10:40:42 · 1 answers · asked by Angel 1

http://www.chron.com/disp/story.mpl/business/5094042.htmlT

This article (^) ran in the Houston Chronicle yesterday. It is a real eye-opener and I recommend everyone read it .

These hedge fund managers are making $12.6 million dollars a WEEK. This brings up an array of questions in my mind:
-Where is all this money coming FROM?
-What are they doing with the money they earn?
-How is it possible for the wealth of the people to be divided in SUCH an uneven distribution? How is it possible for one individual to make "22,255 TIMES the U.S. average annual salary"?
-Why isn't more money being donated?

Due to the limited number of characters given to input my question. Please visit http://kawaii-rin-kun.livejournal.com/135363.html for my full question.

2007-08-30 08:33:46 · 7 answers · asked by Rin 1

2007-08-30 07:58:36 · 5 answers · asked by wasey 1

Singularity as in Ray Kurzweils law of accelerating returns, not singularity as in dense point of space time.

2007-08-30 04:44:37 · 2 answers · asked by Anonymous

They love statistics only when they suit their cause, but when statistics on the economy show vast improvement for everyone, they simply dismiss them. The poor are working more than under Clinton (although I give Clinton some credit for his welfare reform in 1996 as well as the strong economy of the present). Doesn't it have to start somewhere? My grandparents WORKED their way out of poverty, and never expected the government to save them. The uninsured still make up 15.3% which is the same as under Clinton (although our population keeps rising). I hear Hillary use the 47 million figure, but NEVER the 15.3% figure. Many of those people make OVER 75K! They CHOOSE not to buy it so they can get a bigger house or 3rd car. How is that Bush's fault? Can't Liberals ever acknowledge improvement? It's always a black cloud. It's not going to happen overnight!

Please avoid the rhetoric.

Read this before answering...

http://www.heritage.org:80/Research/Welfare/bg2064.cfm

2007-08-30 03:51:55 · 4 answers · asked by Stereotypemebecauseyouknow 7

2007-08-29 23:07:32 · 9 answers · asked by craigk75 1

2007-08-29 21:36:41 · 1 answers · asked by Anonymous

2007-08-29 17:30:00 · 8 answers · asked by ZchDnlp 1

i need help finding out how to not use economics for a whole day that is actually do-able. my teacher offered an A for the semester if we can plan a whole day from 6am to 12am without using economics. help please?

2007-08-29 17:18:58 · 8 answers · asked by Anonymous

rich only getting richer, government turned down money from other countries for katrina disaster, marital couples killing each other, more kidnapping... whats really going on here in the US?

2007-08-29 08:49:48 · 4 answers · asked by Maria T 2

Here is the problem, in today's news we have 2 reports.:

1. CEO salaries have risen to astronomical levels such as 100 times greater than yours or mine.

2. The average American median income has risen 0.7 % since 2001 during the last economic upswing.

So those at the very top get more than they need and we at the middle and bottom can just about or not even get by.

And yes the poverty level has shrunk and some of those who were in poverty now make more than $10,800 elevating them to what? the upper poverty stricken? In America how do you live on 10K?

So here is the question how do we turn things around?

2007-08-29 08:29:07 · 3 answers · asked by meanpressure0 3

LCD error

2007-08-29 07:40:27 · 1 answers · asked by iloveproblems 1

Economics

2007-08-29 06:22:28 · 5 answers · asked by Anonymous