Economics - August 2007

Well for 1 reason it costs 2 cents to make the 1 cent coin in other words, rip off. Also since 1 cent is nearly worthless people see it as just as just annoying. Most people will ignore if they see 1 on the ground. Others just throw them in the trash. Like goods and servises really need to be rounded off to pennies.

However Tax money would be an issue, I think the average for the states is like 6 or 7 cents on the dollar. They would have to create a system around that.

2007-08-18 13:36:28 · 9 answers · asked by Anonymous

Does the economy affect the money market? If the stock market crashes, does the money market go down dramatically?

I'm asking because I do not fully understand how the money market works. Thanks in advanced for your answers.

2007-08-18 12:22:32 · 4 answers · asked by darkmanx1209 2

The reason I'm asking is because it's stupid ! Businesses ALWAYS have to accept the old currency anyways so the counterfeiters can just keep making the OLD currency ! This isn't solving anything. What a waste of tax money

2007-08-18 09:23:40 · 7 answers · asked by opaueyes 1

Sweden, Norway, Denmark and Finland. Those Scandinavian nations are ones of the top richest and most prosperous, and stable countries in the world.

What made those countries rich? They do not have much of natural resources (not like the U.S. and Canada), yet they are the richest countries in the world. They usually rank in 1~5 top.

How did they become rich?

And how did they make their societies one of the most safest and stable in the world?

2007-08-18 08:12:50 · 8 answers · asked by davegesprek 1

how science is useful to us?
what are it's diaadvantages.?that's my question.

2007-08-18 04:27:49 · 5 answers · asked by bhavya_too cool 1

2007-08-18 01:59:04 · 15 answers · asked by Roger 2

Any body got any tips on how to calculate food rationing for a camp of 10 people per week?

2007-08-17 23:31:25 · 2 answers · asked by Anonymous

I would someone to explain to me why the price of gasoline has gone down this summer instead of up due to the summer driving season, as in past years. I do know from asking that people aren't driving less because of the price; just sucking it up. If it's supply and demand, it should be up near the record price I saw pre-summer $3.50ish (Northern California). Call me a cynic, but I 've seen this pattern before. They [oil companies] give some tenuous excuse about refining capacity, maintenance, etc., allow the price to max out and when people start complaining, they back it off and wait for people to get use to the higher price range. I know the price of crude is mostly out their control since we import so much.

Someone please enlight me. I would like to think that free market forces are at work here. I know the price of crude is mostly out their control since we import so much.

2007-08-17 23:01:48 · 2 answers · asked by emarr3 1

plz answer me on dk_vallecha@yahoo.com

2007-08-17 21:18:38 · 6 answers · asked by dk v 1

2007-08-17 18:13:35 · 11 answers · asked by Anonymous

2007-08-17 13:27:42 · 4 answers · asked by Anonymous

2007-08-17 13:22:32 · 2 answers · asked by Maisha M 1

Top 5 countries which has the best economy???

2007-08-17 10:52:23 · 8 answers · asked by harshilpatel2007 1

Central banks have increased liquidity, apparently pumping cash into their systems. The Fed lowering one of it's rates.

What exactly do these mean and what does it mean for the big picture?

2007-08-17 10:09:00 · 2 answers · asked by Uncle Pennybags 7

2007-08-17 09:24:49 · 11 answers · asked by Rod B 2

2007-08-17 08:50:30 · 4 answers · asked by angel_rat_83 1

2007-08-17 08:48:06 · 7 answers · asked by Anonymous

I am a complete dolt about such things. I know the economy is troubled world wide because of sub prime mortatges, and that they are loans given to high risk people. That is it. How does it all relate to each other and what does this do to the economy? What exactly is the Federal Reserve Rate and what does it mean when they intervene? What does this mean to me, someone without investments that works and rents?

Sorry to be such an idiot, but I really want to understand...let's pretend I have been living in a cave for a long time and don't understand the lingo! I hate feeling like such an idiot when I hear about this and read about it. Thanks!!!

2007-08-17 08:21:02 · 4 answers · asked by Anonymous

I live in Maine

2007-08-17 06:53:12 · 1 answers · asked by jonathanrovillard 2

Thanks!

2007-08-17 05:46:34 · 2 answers · asked by Anonymous

Where in the world can one live and get a great bang for the buck while still realizing a good quality of living.

2007-08-17 04:13:46 · 4 answers · asked by redford 2

At what point will you say we have arrived econimically? When everyone makes exactly the same amount? Because that would only be about 35k each, and our economy would be in a complete standstill. The stock market would crash, and the economy that relies on capitalization would fail. We would not be able to afford the government we have, and so do not think government will provide.

2007-08-17 03:24:12 · 5 answers · asked by Stereotypemebecauseyouknow 7

The value of currencies flutuate against each other, what would happen to the economy if there was just one universal world currency?

2007-08-17 03:23:48 · 6 answers · asked by Anonymous

We pay on average 10,000 Dollar a year taxes, per person. We have worst infrastructures in the western world. Our education sucks. We fell to 19th place for GDP per capita. Our healthcare cost double as much as Europe's and is half as good. Where does our money go, building new subdivisions? Anybody know?

2007-08-17 02:02:53 · 3 answers · asked by Anonymous

2007-08-17 01:47:06 · 5 answers · asked by Honey786 4

India has a great history in the world, but its economical condition is not good, the main reasons are poverty, illeteracy, unemployment ,corruption, poor education system etc. Analyse and give suggesstions to promote the Indian economy.

2007-08-17 01:34:28 · 11 answers · asked by abanti 1

2007-08-16 19:57:52 · 1 answers · asked by Throneguard 2

More and more people are relying on section housing and welfare to make ends meet, and it is only getting worse.

Do we need to reform our welfare system to drive certain taxes and costs down, or is it too late because the jobs available do not pay enough anyways.

2007-08-16 16:44:25 · 13 answers · asked by Cable Dude 3

"so and so has to live on only $10 per month" ( in some unbelievably poor 3rd world country )
obviously that is impossible in usa.
so how exactly does $10 in a poor country translate into how much buying power it has??

isnt food and gas etc all relative to supply and demand, even when its in a really poor area? so therefore $10 could theroetically pay rent, buy food, toys etc..

could sum1 give simple explanation how this works?
Also, why does the news say stuff like this if it doesnt really make sense??

2007-08-16 13:11:02 · 8 answers · asked by Anonymous

2007-08-16 11:59:08 · 6 answers · asked by ~☆ Petit ♥ Chou ☆~ 7