Economics - August 2007

2007-08-27 01:40:04 · 3 answers · asked by Anonymous

The PROS, not the CONS, please. I'm already aware of the cons.

2007-08-26 18:18:13 · 4 answers · asked by Omes 2

I know the definitions, but I don't understand them. Opportunity cost is the most highly valued opportunity or alternative forfeited when a choice is made. Trade-off is a situation in which more of one thing necessarily means less of something else. I need to understand these definitions for my economics class.

2007-08-26 10:56:58 · 4 answers · asked by Laura 2

At uni I had quite a few economics courses and my conclusion was that most of macro-economic models are worthless, and a laissez faire system is better, because the government doesn't have to worry much about economic issues because it has little impact on them.
I say this because of the ceteris paribus assumptions in many of them, which is utopic, and also because there's still discussion about why many important economic events happened in the past without a conclusive explanation; also forecasting with certainty human behaviour and its outcome even through mathematic formulas to me is nonsense.

2007-08-26 09:17:57 · 1 answers · asked by jczapa7 2

Assuming that the MPC is .75, equal $10 billion increases in government spending and tax collections will:

a. leave the equilibrium GDP unchanged
b. increase the equilibrium GDP by $ 10 billion
c. increase the equilibrium GDP by $ 2.5 billion
d. reduce the equilibrium GDP by $ 10 billion

I cant find the right answer, I thought that the answer was $40 billion, found by:

10 billion x (1/1-.75)
10 billion x (1/.25)
10 billion x (4)
40 billion is not an option, am I missing something?

2007-08-26 07:49:56 · 1 answers · asked by Newlywed 1

does capitalism mean that some people get more because they have worked harder and made an effort and some people get less because they havent worked?

2007-08-26 04:04:29 · 12 answers · asked by .. 2

A simple definition: Exact question is to explain the IS/LM/BP curve as a model of the macro economic system.

Break it down for me please and 10 pts are yours!!

2007-08-26 02:26:57 · 2 answers · asked by Anonymous

I appreciate our community opinions, but I'm really asking those who have specific knowledge here - what do you know about what economists say ended the Great Depression?

Please include the name of the economist and the year or title of the publication, if you've got it available.

I just know some of you will tell me to look it up. Thanks for nothing.

However, for those of you who have taken the time to learn this and are willing to share your references, you have my gratitude.

(No, I'm not writing an essay for school. It's just something I've wondered about and I would like help picking what to read.)

2007-08-25 22:46:15 · 3 answers · asked by umlando 4

2007-08-25 21:26:14 · 5 answers · asked by Pal 1

2007-08-25 18:50:15 · 4 answers · asked by dakis d 1

i know it was mississippi but since the legalization of gaming in the state they have come out of last place. which one is it now?

2007-08-25 17:11:18 · 5 answers · asked by ? 4

2007-08-25 16:46:33 · 3 answers · asked by helpinghand 2

I need to write a scenario that would cause a shift in labor supply and demand in the cruise industry.
I need to focus on the following:

1. Why has this shift occurred?
2. In what direction would the shift in labor supply and demand go?
3. What would be its effect on the equilibrium of the labor market?

2007-08-25 16:43:11 · 5 answers · asked by Anonymous

My husband and I make about $60,000 together and I know we aren't on easy street by any means....we struggle a lot!

2007-08-25 13:18:34 · 6 answers · asked by SadToday22 3

2007-08-25 11:54:47 · 4 answers · asked by moralityisrelative1 1

I've seen this in a text book, but I'm not sure what it means.

2007-08-25 07:53:22 · 5 answers · asked by bedfordczarina 5

If "free market" capitalism works best and America is its lead exponent, why then:

-- is poverty high and rising in the world's richest country;

-- incomes stagnating;

-- higher education becoming unaffordable for the majority;

-- public education crumbling;

-- jobs at all levels disappearing to low-wage countries;

-- the nation's vital infrastructure in a deplorable state;

-- 3.5 million or more homeless and heading higher in the wake of subprime defaults;

-- the standard of living of most in the country declining; and,

-- the nation, in fact, bankrupt according to a 2006 study for the St. Louis Fed.

In America, according to census figures, the share of national income going to the top 20 percent wage-earners rose from 44 percent to 50 percent from 1973 until present.

In wealth, disparity in America is even greater, with the richest 1 percent controlling 38 percent of national wealth.
The richest 20 percent of Americans own 85 percent of stock wealth. (2003)

2007-08-25 06:35:48 · 8 answers · asked by Richard V 6

2007-08-25 05:08:47 · 2 answers · asked by leugim47pr 1

I am french and I have been said that in most countries the young people from a poor social background can not study in university cause they don't have any money from their government. Is it true (in your country)?

2007-08-25 01:36:21 · 4 answers · asked by Mickael 1

2007-08-24 16:20:16 · 10 answers · asked by Anonymous

Please do not consider gov'ts by dictatorship either by selfish tyrants or religious zealots.

2007-08-24 15:22:37 · 5 answers · asked by Anonymous

Since the September 11th attack there has been an increase in the demand for security personnel: police, air marshals, airport security, etc. How do you think the higher demand has affected the equilibrium wage? In which direction do you think the labor supply and demand shifted? Explain your reasoning.

2007-08-24 14:49:17 · 4 answers · asked by Anonymous

is it better to take micro first or macro first for college freshmen?

2007-08-24 12:10:54 · 4 answers · asked by elva1989 1

tag to feed and educate the wealthiest people cost more than the poor? Thank You.

2007-08-24 06:11:45 · 6 answers · asked by Anonymous

define immanent

2007-08-24 04:19:51 · 6 answers · asked by shadyglider 1

Economics is about trade-offs. If more scarce resources are used to produce one thing, fewer will be available to produce others.

2007-08-23 17:22:57 · 4 answers · asked by Anonymous

2007-08-23 16:28:54 · 10 answers · asked by Roy M 2

2007-08-23 16:21:40 · 3 answers · asked by LU T 1

What are your opinions on Canadian Television's "22 Minutes" segments called "talking to americans"??
I, myself thought they were hilarious how he would make up insanely silly questions and ask americans what they thought about it, and the americans went on to talk about it like they knew everything about it.. like the americans believed that Canada would put it's senior citizens on northern ice flows to perish.. like duhh?!?! hahaha anyways.. whats ur opinions??

http://youtube.com/watch?v=guyfmvnwog8&m...

http://youtube.com/watch?v=sdyk13duxku&m...

http://youtube.com/watch?v=zeghssehku0&m...

http://youtube.com/watch?v=rfe2q3qemgo&m...

http://youtube.com/watch?v=7_pv5qjzdso...

http://youtube.com/watch?v=wa7tqls7fow&m...

2007-08-23 15:44:46 · 1 answers · asked by melloyellow 1

say the demand is 4Q+96 whats the price elasticity of demand

2007-08-23 14:41:38 · 3 answers · asked by Anonymous