Economics - August 2007

I'm talking in absolute, not relative, terms here.

In other words, will the average poor person in an expensive city like New York or San Francisco have more money or income, in absolute terms, than their poor counterparts in small towns and places where the cost of living (and property) is much lower than in big cities?

Or are the poor always poor and thus comparable regardless of the average affordability of the city in which they live?

2007-08-23 12:58:54 · 7 answers · asked by worldpeace 4

2007-08-23 06:20:56 · 4 answers · asked by Cheshire Cat 6

2007-08-23 06:03:29 · 2 answers · asked by Raul P 2

2007-08-23 03:44:46 · 21 answers · asked by bhavya_too cool 1

2007-08-23 03:39:41 · 17 answers · asked by Bill W 【ツ】 6

2007-08-22 14:16:46 · 9 answers · asked by enevasaynuthin 2

. Explain what must occur for the strategies suggested by the following headlines to be successful:
A. “Honda plans to launch a less expensive ‘value-priced’ Accord.”
B. “Procter and Gamble cuts prices of Dash detergent 30 to 40%.”

Can you help?

2007-08-22 12:50:10 · 3 answers · asked by jennifermlayne 2

2007-08-22 07:58:38 · 5 answers · asked by White S 1

I am admittedly no scholar in mathmatics & economics but know the basics. My stupid question is on clarifying what inflation means when you read in an article that a country's inflation rate is up 7000%? That means that if you made a dollar last January & could buy a 12oz can of Soda for that dollar & a year later in January inflation was up 7000% that means that same 12oz can of soda would cost 7000 times more or about 7000 dollars right or is it the opposite. That orginal dollar 12 months ago is larger by 7000x what it is now?. LOL I know I'm dumb lol.

2007-08-22 07:24:37 · 3 answers · asked by bpeter3196 5

Why America has allowed it to happen what will happen to our companies with cheap goods flowing to our markets.Anything that can be done about it?What if one fine day they cash all the money.Will the US economy fall down?

2007-08-22 06:37:28 · 6 answers · asked by Roshan A 1

2007-08-22 05:33:55 · 3 answers · asked by Yumna Z 1

2007-08-22 03:32:01 · 4 answers · asked by bIGdADDY 1

i have done ph.d in economics with 20+ yrs of experience,but left my job of professor some 5+ YRS BACK DUE TO PERSONAL PROBLEMS,NOW MY ques is that will i face any difficulty in getting new job, what are the other career option for me other than academic???
my age is 53 yrs
pls suggest

2007-08-22 03:05:49 · 4 answers · asked by Anonymous

2007-08-22 01:55:48 · 1 answers · asked by Anonymous

carry out a research

2007-08-21 22:45:17 · 4 answers · asked by Anonymous

does not matter if u produce a gun or a bycicle, household productions, health and life expectancy, leisure time, environment damage.
than why bother with GDP?

2007-08-21 22:35:40 · 2 answers · asked by freeman 3

2007-08-21 17:17:52 · 5 answers · asked by Anonymous

2007-08-21 17:04:37 · 4 answers · asked by saturnino c 1

After World War I, defeated Germany saw its money become worthless. At one point, a person needed to a wheelbarrow to carry all the currency required to purchase a single loaf of bread. In the early 1990s, the German government refused to lower the relatively high interest rate it paid to depositors. This policy negatively affected the economies of other nations in Europe and elsewhere, and many governments were very angry with the Germans. Nevertheless, the Germans continued the policy to protect themselves from the possibility of...

I was told the answer was Runaway Inflation. I can't seem to understand this answer, though. From the question, it seems inflation was already an issue if a person had to gather large amounts of money to buy bread. Why would high interest rates protect them from inflation? Isn't this spreading more money into the economy? And why was it negatively affecting the economy of other nations?

2007-08-21 16:38:01 · 2 answers · asked by Anonymous

2007-08-21 15:24:31 · 1 answers · asked by lilmomma 1

What's his rationale? education doesn't cure hunger and despair.
food and shelter help a lot if I'm not mistaken. why do we feed the world's homeless when people are starving and without hope and shelter right here in America.

2007-08-21 14:13:05 · 12 answers · asked by ancientcityentertainment 2

The principles of economics influence your decision-making, interaction with others, and the economy as a whole. Give one example of how you are personally affected by each of the three areas. Are you affected positively or negatively? Explain your reasoning. How do budget constraints and personal preferences affect your choices as a consumer?

2007-08-21 13:39:57 · 8 answers · asked by karen 2

What do you think is the Cause(s) and Consequences of Unemployment.?

2007-08-21 11:53:36 · 3 answers · asked by cathy d 1

If the stock market crashed tomorrow how would it affect us. And how do the dips that have been occurring recently affect us? I mean the lay person in the street.

2007-08-21 11:10:36 · 5 answers · asked by Andrew B 2

What are some negative and positive externalities in the casino industry?

2007-08-21 08:41:41 · 5 answers · asked by Anonymous

What will happen if we end up with Socialized Health Care?

2007-08-21 04:42:02 · 7 answers · asked by Me 3

2007-08-21 04:36:33 · 8 answers · asked by Anonymous

2007-08-21 04:31:18 · 20 answers · asked by H'N'H 3

My friend hates Walmart, it really doesnt bother me. I go there when I must. He argues that walmart imports more stuff from china than anywhere else, thus our U.S. dollars are losing its value. I guess more abundant cash flow decreases montenary value. He gave me statistics (that i cant remember) of how much more wal mart makes as opposed to the U.S retailers all together. And how much unemployment there is because of it..we all know Walmart is the biggest retailer in the world and I really want to know if this is all true.

great answers with support will be greatly appreciated.

2007-08-21 04:20:19 · 8 answers · asked by music.lover 2

2007-08-21 03:22:08 · 5 answers · asked by Lovely 1