Economics - November 2007

What are the potential causes of the price changes in oil over the last 30 years? Also, what are the potential impacts of increasing oil prices on the world economy?

2007-11-04 18:29:38 · 6 answers · asked by tess_d2 2

please help me i know but i dont know how to explain little help please :P

2007-11-04 17:42:24 · 3 answers · asked by judith e 1

I hear that almost all economists agree that tariffs on imports are a bad idea. I never hear anyone say why though.

2007-11-04 16:09:45 · 6 answers · asked by Anonymous

I really like the fair tax for several reasons. However, I hear two lines of thought...

1. It will benefit the rich and the poor the same.
2. It will benefit the rich much more than the poor.

Which is true and why?

2007-11-04 16:07:48 · 3 answers · asked by Anonymous

Consider the market for cigarettes. The government might institute a new tax that will require all sellers of cigarettes to pay the government a tax of $22 per carton of cigarettes.

Suppose that an inexpensive and simple method makes it suddenly very easy for anyone to quit smoking. Consumers can more easily lower their consumption of cigarettes in response to increases in the amount they must pay (tax included) for cigarettes.

As a result of this new method to quit smoking, a more elastic demand curve emerges. Suppose that supply remains the same (elastic). Now that demand is relatively more elastic, what will be the effect of the $22 tax?

A. The after-tax quantity will be lower than when demand was relatively inelastic.

B. The after-tax quantity will be higher than when demand was relatively inelastic.

C. The after-tax demand price will be higher than when demand was relatively inelastic.

2007-11-04 14:01:58 · 2 answers · asked by Anonymous

Explain what a natural monopoly is. Why is it that, even though a natural monopolist might be earning high economic profits, other firms will still decline to enter the industry and compete against the incumbent?

2007-11-04 12:24:33 · 5 answers · asked by Anonymous

What does the US give other countries in exchange for their oil? And please give me a specific country

2007-11-04 12:11:34 · 3 answers · asked by Yolanda M 2

Why do you think third world countries are third world countries? Why are they poverty stricken? Why did they not become wealthy like industrial nations? (Do not respond with an answer like technology, why do we have technology and them not? Money? Why do we have money and them not?)

2007-11-04 10:13:40 · 4 answers · asked by Anonymous

This is a statement I heard very often in the news nowadays. For most people who are not subprime mortgage borrowers, lower house price means one has to save less to buy a house in the future. Isn't that a better situation? Why should they spend less? Probably this crisis will affect many construction workers. But how many people are working in construction industry.

2007-11-04 07:29:22 · 2 answers · asked by wqoeirmfd 2

Globalization

2007-11-04 07:05:37 · 6 answers · asked by vincentalexander2003 1

Globalization

2007-11-04 07:02:02 · 3 answers · asked by vincentalexander2003 1

1.Why do the lower standard of living countries have such high total fertility rates?

2.Why do the higher standard of living countries have such low population growth rates?

2007-11-04 04:31:36 · 8 answers · asked by soccerfan_001 2

Considering that the falling dollar for the past two years has NOT in fact stoked inflation, why do pundits keep saying that the falling dollar will cause inflation? Do these same people still believe the world is flat?

2007-11-04 04:08:44 · 6 answers · asked by KevinStud99 6

2007-11-04 02:49:43 · 9 answers · asked by Anonymous

2007-11-03 21:25:25 · 9 answers · asked by Anonymous

2007-11-03 17:57:33 · 7 answers · asked by Anonymous

last time i check on google, 1 pound was 1.5 us dollars. now its $2. and 1 euro is $1.5. whats even worse is that $1 us dollar only = 93 cents canadian dollar. it was = $1.01 canadian dollars just 2 weeks ago. whats up with that?

2007-11-03 17:16:21 · 6 answers · asked by ۞_ʞɾ_۝ 6

I know outsourcing is seen as a positive for India's population but what are some reasons that outsourcing can be detrimental to the economy.

2007-11-03 16:19:10 · 3 answers · asked by moosegoose47 1

Ok I went to Portugal in July and the US dollar was worth 0.74 euros.... now I am in an Italian class and my professor says in Italy the euro is worth more than the dollar.... and i'm sitting there like wtf is he talking about? so my question is, does the euro value differ from country to country, even though it's the same currency? or am i wrong? please explain, thank you...

2007-11-03 16:18:09 · 2 answers · asked by Anonymous

Pop: 5000, Under age 16: 2000, Retirees: 1000, Institutionalized: 300, Looking for Work: 300

2007-11-03 16:17:03 · 2 answers · asked by J S 1

2007-11-03 11:52:58 · 6 answers · asked by CD 1

2007-11-03 11:17:15 · 5 answers · asked by Claire J 1

I need two more examples of this type of consumer good. Thank you and your help is much appreciated!

2007-11-03 10:29:17 · 3 answers · asked by Anonymous

Just how much profit is the USA making in this war

2007-11-02 11:53:09 · 7 answers · asked by Anonymous

2007-11-02 11:17:34 · 19 answers · asked by slicer102 1

Here is the full quote: "By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens." - John Maynard Keynes

2007-11-02 09:12:33 · 5 answers · asked by Hugh D 1

2007-11-02 08:24:00 · 4 answers · asked by Y!A-FOOL 5

Its seem the value of the dollar has been dropping, and still is, so do you think this will help, bring it back up.

2007-11-02 07:55:19 · 9 answers · asked by Anonymous

There is a debate in progress that air travel should be limited because of gas prices and the effect it has on global warming. What do you think?

2007-11-02 06:50:22 · 9 answers · asked by Jessica-Nicole 1

2007-11-02 06:46:14 · 12 answers · asked by biloo 2