Economics - November 2007

2007-11-12 03:21:39 · 13 answers · asked by tevin 1

2007-11-12 02:55:40 · 3 answers · asked by Anonymous

How is it related to stock market and how highs and lows in stock market are related gold value?

2007-11-11 16:55:29 · 5 answers · asked by Anonymous

and what causes the increases and decreases?

2007-11-11 14:15:02 · 11 answers · asked by Anonymous

Someone reciently commented in an answer about the failure of wages to keep up with productivity growth.

"Most of the gains are a result of new machinery/technologies, which were provided from investments by the capital providers (ie, the owners). Why is it that you think that workers should benefit from improvements that they have had no impact on? SHOULD they get paid more for pushing a button instead of manually performing a task?"

I was surprised by this and wonder if this is now a common point of view. According to classic economic theory wages are determined by the marginal product of labor, that is the extra value of the last worker hired. Increases in productivity have alway be the result of of "new machinery/technologies, which were provided from investments by the capital".

2007-11-11 11:22:17 · 3 answers · asked by meg 7

i have to do a buisness project. I need to know about the economics of it. where can i find that info. Like, what economic trends in history impact it, and how is it affected by national and international markets.

2007-11-11 11:18:05 · 1 answers · asked by blah 1

2007-11-11 11:15:44 · 2 answers · asked by Trisha H 1

2007-11-11 10:09:48 · 4 answers · asked by Y!A-FOOL 5

Can you guys help me write out the scenarios,i really appreciate those who help me in this.This question really means a lots for me,thanks for those who help me

2007-11-11 08:06:48 · 5 answers · asked by adam_1008 1

2007-11-11 06:54:13 · 5 answers · asked by wesley w 3

2007-11-11 06:29:48 · 11 answers · asked by Shary 6

2007-11-11 05:56:34 · 3 answers · asked by donnabellekim 3

2007-11-11 05:34:52 · 1 answers · asked by Iesto 3

2007-11-11 05:05:31 · 3 answers · asked by idris 1

In 1957 the min. wage was $1 per/h and the avg cost of a new home was 12k..... Today the min wage is just $5.75, yet the average cost of a home is like $230k... that is a 400% increase in wage and an 1800% in the cost of a home... Should'nt this be a bit more paralleled?

2007-11-11 03:55:48 · 4 answers · asked by suitsofhoner 2

(ONLY INDUSTRY, please do not mention about factors like environment, agriculture, etc.)

2007-11-10 17:04:28 · 4 answers · asked by Devc 1

2007-11-10 16:46:48 · 2 answers · asked by bs251966 1

2007-11-10 16:38:03 · 2 answers · asked by Q&A 3

How will high entry barriers into a market influence the likelihood that some inefficient (high-cost) firms will survive, and (b) the incentive of entrepreneurs to develop substitutes for the product supplied by the firms? Are competitive pressures present in markets with high barriers to entry? explain please!

2007-11-10 15:49:31 · 2 answers · asked by Anonymous

Where would one spend a semester to get something surprising and different in the study of economics, at the college level? What foreign economics school or department is ahead in terms of future thinking?

2007-11-10 15:49:06 · 2 answers · asked by buttfor2007 5

What do you think of the impact of Wal-Mart on
our lives and the American economy? (Consider
both the positive and negative impacts.) Do you
think that the U.S. government should do something
about it? Why or why not?

2007-11-10 15:12:31 · 7 answers · asked by Matches75 1

Consider a remote town in which two restaurants, AllYouCanEat Caf and Good Diner operate in a duopoly Both restaurants ignore the health code, but they continue to have customers because they are the only restaurants within 80 miles of town Both restaurants know that if they clean up, they will attract more customers, but this also means that they have to pay workers to do the cleaning.
If both restaurants do not clean, each will earn $8000 alternatively, if they both hire workers to clean, each will earn only $5000 However if one cleans and the other doesnt more customers will choose the cleaner restaurant; the cleaner restaurant will make $12000 and the other restaurant will make only $3,000 If the two restaurants do not collude, what is the Nash equilibrium of this game?
AllYouCanEat Caf does not clean but Good Diner cleans AllYouCanEat Caf cleans & Good Diner cleans.
AllYouCanEat Caf cleans but Good Diner does not clean
AllYouCanEat Caf does not clean, and Good Diner does not clean

2007-11-10 11:01:17 · 1 answers · asked by Anonymous

in 1986, our economy suffered a deflation or depression, and there was debate about gold and silver coinage. Sticking more toward economic explanations instead of political, can anyone explain to me what went on? What happened to make the fuss about gold and silver coins start? Who wanted to have gold currency? Who wanted silver? Why?
My research has been confusing me...can someone please just explain this to me because I am an idiot! Thanks =]

2007-11-10 10:39:39 · 2 answers · asked by Anonymous

Explain other predictions for economic ruin?

2007-11-10 06:45:08 · 4 answers · asked by Anonymous

Statistics please :)

2007-11-10 04:43:17 · 5 answers · asked by cinnamonstar123 2

By 'doing well' I mean they either see upturn in popularity/sales/importance.

2007-11-10 02:01:09 · 3 answers · asked by j247654 1

Thirty years ago the market for chicken was perfectly competitive. Then Frank Perdue bagan marketing chicken under his name.

a) How do you suppose Purdue created a brand name for chicken?what did he gain from doing so?

b) what did society gain from having brand-name chicken? What did society lose?

2007-11-09 18:00:02 · 1 answers · asked by Anonymous

I remember when it was equal to the Euro, and now it is only worth about .68 Euro cents. It has dropped so significantly in value within the past 5 years, just wondering why?

2007-11-09 17:04:16 · 9 answers · asked by John 2

In the current Australian Federal Election, Treasurer Peter Costello constantly warns that repealing the 'Workchoices' Industrial relations laws will lead to a 'wage breakout'.

What exactly is a 'wage breakout'? The phrase is used as if it has a specific definition. Economists out there, help me understand!

2007-11-09 13:17:35 · 1 answers · asked by theotherguy80 1

Joe and Moe debate the use of coupons by grocery stores. Joe says, "The use of coupons in grocery stores represents a means of price discrimination. It's pure and simple. Coupons are likely to reduce the price of groceries to people who are more price-sensitive than to those who are not." By contrast, Moe contends, "Coupons do not constitute price discrimination. They simply represent a way of temporarily changing the prices of some grocery items. Coupons reduce the price for everyone, not just for part of the market in which people's demands are more price-sensitive (price-elastic)." Do economists agree with Joe or with Moe?

A. Economists agree with Moe.

B. Economists agree with Joe.

2007-11-09 12:27:51 · 3 answers · asked by simon c 1