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Economics

Economics is the study of production, distribution and consumption of goods and services whether in a city, country or a single business. Questions about supply and demand and economic theory are welcome here.

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What are the four characteristics of money?

1) Durability, divisibility, Acceptability , uniformity

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How much is the gas price in Atlanta?

As of June 9, 2010, the average price for a gallon of regular gas in Atlanta is $2.571

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Resources needed to produce goods and services are called what?

Factors of production

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European union common currency is called an?

euro

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Economic advantages of Disneyland Paris?

its in the center of tourism of the world it would attract hundreds of tourristsit created 12 000 jobsthey are American...

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The Will Bury scenario The effect on revenue when there is a change in price assuming competitors do not follow Estimate the elasticity of demand in your scenario using either the arc method of el?

Dude, do your own homework.

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Why do currency rates change over time?

currency rates change overtime because of the value or the currency goes up and down (varies)

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Advantage of selling assets to other businesses?

You can get money.

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How has Scotland benefitted from being part of the European Union?

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How long did the US control philippine's?

They Had control for 44 years

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Was there any Job loss due to the internet?

Many. The Postal Service is downsizing due to people sending email rather than letters. The banks don't need as many employees to...

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When did gas prices start to rise?

fuel is made from oil, and the price of it depends on the supply of it, the lower the supply the higher the price and vice-versa

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What type of economy does Nicaragua have?

They have a mixed, (largely Unionized) economy. Their form of Government was started in 1995 and at that time became a...

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How many syllables are in the word supermarkets?

Four Syllables Su-per-mar-ket according to Dictionary.com.

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What is the economic importance of horses?

All around the world, these animals play a role in economics. horses are used for sports, farming and for leisure activities. The...

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What was the depression of 1893?

The Panic/Depression of 1893 was caused by railroad overbuilding and shaky railroad financing which set off a series of bank...

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Which of these is the best definition of productivity?

the amount of biomass made by producers

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Where does the federal governments money go?

the federal govt has no money. instead they are able to take the peoples money from the people, then use that money to control...

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This cabinet department encourages and promotes America's international trade and economic growth?

Commerce

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What are disadvantages of imports to the local industry?

The main disadvantage is that imports compete with local industries, thus often resulting in a decrease in profits for the local...

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Give example of High-order goods and services and low order goods and services?

exaples of high ordered goodds would be furniture, heath care centers, malls, electrial goods, ect. examples of low orded goods...

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Which of the following is necessary in addition to protection against theft coercion and fraud in order for consumers and producers to have freedom of choice?

Resources

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Because the choices of consumers influence producers and the choices of producers also influence consumers the free-market system has which of the following?

A circular flow of influences

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Which of the following best explains why players in the game of economics are often in conflict with each other?

Some economic goals are incompatible with each other.

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In economics what is a situation where the goal of efficiency is being met?

When you do something with as little waste as possible.

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What would result in the increase of GDP?

More investments Apex= Greater levels of investment.

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What is Arizona's main product?

broccoli, cauliflower, cotton, lettuce, and sorghum due to the perfect climate

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Factors affecting share price?

bonus issue , market news, dividend and others

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How does the reserve requirement affect interest rates?

The reserve requirement affects interest rates by impacting the money multiplier and monetary base. With more money in the...

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How do the people in Egypt make a living?

They work. In the Markets, working for tourists, etc.. Nothing very awkward or anything about them.

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What are the five major weaknesses of the command economy?

One disadvantage of a command system is that it is not designed to meet the wants of consumers, even though many basic needs are...

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What is a greek marketplace?

A Greek marketplace is also known as the agora, which was the public meeting place for the market and assembly in ancient Greek...

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Explain the six determinants that will change shift the demand curve?

Consumer income Consumer taste Substitutes Compliments Change in expectation Number of consumer

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What would happen to marginal and average productivity if a technological innovation is introduced to the production process?

In tiwl In tiwl

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To what countries does China export oil to?

Iraq , Iran, India , America, Australia,

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What is poverty like in the Australia compared to other countries?

Australia is a relatively wealthy country and there is a safety net that protect people from falling into complete abject...

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Demographics of China and the stability of economic?

china is a comunist country which does not stand a chance against america and her allies

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What will help the economy?

As a general problem, there are always at least a few ways to improve economic growth and production: 1) Increase the level of...

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What are the factors influencing growth and development in a country?

A) Population in Millions B) Life Expectancy C) Literacy Rate percentage D) Paved Highways (% of total)= Paved Highways¸Total...

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What are the two wealthiest countries of North America?

US and Canada (both are in the G7)

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What is the definition of expansionary fiscal policy?

Expansionary fiscal policy refers to policies aimed at increasing demand and thus output. This is done by expanding/increasing...

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Impact of child labour and socio economic achievement?

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What restrictions are there on the types of work permissible for children of various ages?

What restrictions are there on the types of work permissible for children of various ages?

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Do stores on Indian reservations pay federal tobacco taxes?

It would appear that some tribes are now having to pay federal tax on tobacco products. At least one tobacco store on an Indian...

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What are the major functions of banks?

- to rip off the public - to use private funds to gamble on the stock market - to destroy the world economy

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What is Jamaican standard of living?

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What is a simple definition of equilibrium wage?

In economics, the equilibrium wage is the wage rate that produces neither an access supply of workers nor an excess demand for...

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What is the average price per pound for watermelon n theUS?

The average price of a watermelon would be 39-69cents

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To demand or take by authority is what?

totalitarian

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Are there any good things about the depression?

No.

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What innovation in production would allow manufacturers to reduce prices?

assembly line

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History of modern Japan economy?

how the japan economy emerge as world largest growing or as boost econmy, historical background of modern japan economy, how its...

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Why monopoly market is inefficient?

It depends ever one has there own opinion.

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How has the 2009 global recession affected Australia's exports?

Australia has just started to feel the recession. While the economy continued to grow in 2008, 2009 shows a sharp decline in iron...

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How have prices for yachts changed over time?

Prices of yachts are low right now. The way the economy is right now you can pick up a boat or yacht cheap. Yachts of today are a...

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How much money can a good artist make?

a Good artist can get over $600 for a painting sometimes....If they are experienced and some-what well known...to say the least.

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Coal used to make steel represents which factor of production?

land(t)

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Is economic growth more important than economic equality?

yes. Equality is only possible when everybody is equally poor. As long as you reward people for their effort, some will choose...

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What macroeconomic micro economic policy changes would improve the export in south Africa?

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What is iso cost line?

the combination of two different inputs which costs the same amount..

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What is meant by capital productivity?

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Why are most economies mixed economies?

Because they really really can't do it alone.

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Is it possible for perfect competitive market to be inefficient?

It is possible for perfectly competitive markets to be inefficient when externalities are present. Externalities arise when an...

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What is the monetary value of a pony?

£25

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What is the purpose of the G20 summit?

PURPOSE OF G20 SUMMIT: 1.Coordinated macro-economic actions to revive the global economy, stimulate growth and employment -...

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What is the rate at which prices are rising called?

That is called the economy. Plenty of places are having difficulty with the economy.

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What is foreign exchange reserve of Pakistan?

$11.10 billion

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Analyse two other alternative to profit maximisation as a goal of the firm?

is this in relation to energy markets?

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Is Ghana a developing or developed country?

Developing I guess, it is NOT a poor country, its fairly wealthy (im not sure of the exact but its not poor)

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Which of the following best states the main difference between a monopoly and pure competition?

A monopoly involves no competition at all while pure competition involves a high level of competition.

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Why do neighboring gas stations have a price difference of 1 cent?

More than likely it is to compete with any nearby stations. 1 cent is 1 cent less than you will pay and then you are more than...

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Michael Harrington wrote a book about poverty What was it titled?

The Other America

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What are some products made by extrusion?

Many and varied products are made by extrusion, including such diverse products as bricks and dog food.

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What is the difference between poverty and misery?

Poverty is the situation when one doesn't have the resources to afford the basic requirements of life. While, in misery, one has...

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Distinguish between the concept of the short run and long run period theory of the firm?

Explain which of the following would be considered the long-run and short-run and why.

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The is the legal structure of the Economic Union for community policies?

European Community

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Who has right to go to board meetings?

Board members and others if they are invited.

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When trying to decide what to produce businesses will look at the demand for their goods of what type of economy?

market.

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Should you declare stimulus check on 2008 return?

The stimulus check is not income and you should not declare it on your tax return. You will not be taxed on it and it will not...

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What are examples of a Monopoly?

A monopoly is one entities complete control over the supply of a particular good or service. Governments or Businesses can have...

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What is commerce and what are aids to trade?

commerce is a branch of human activities which distribute goods and services and full fill human need and wants

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Costa Rica mixed economy?

yes

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Why won't the European Union let Turkey join?

As long as Turkey denies the Armenian genocide, it does not belong in "Europe"! It is incredible how selective our notion of...

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What is the difference between economic development and financial development?

Economic development, generally speaking, is a process of change that is focused on the betterment of the community, state,...

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What is the poverty rate of latin America?

It ranges from as much as 80% of the population (Haiti) to as little as 16% (Costa Rica).

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What was basis of trade between Ghana and North Africa?

left over food and animals ,crops

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What caused the current economic recession?

While debate continues and the cause will likely never be completely certain the main event is undoubtedly the U.S. sub-prime...

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Why does a monopoly cause a deadweight loss?

because it went to the bathroom and pooped all the deadweight

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What role did economics play in slavery?

more like what role did slavery play in economics, after slavery was ended after the civil war the south had a lot of problems...

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Why are so many American jobs going overseas?

Because it's cheaper labour.

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What are the goals of cash management for a business?

The goals of cash management should be applied to every business. Cash management ensures that a business can manage funds and...

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Is Spain's economy good?

yes

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What is opportunities cost?

The cost of passing up the next best choice when making a decision. For example, if an asset such as capital is used for one...

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Which public control economy is nearest a mixed economic system?

cheese

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When Mr Mandela says South Africa is the richest country in Africa and could be one of the richest countries in the world But it is a land of extremes and remarkable contrasts he is appealing?

pathos

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When a government pays a company to produce a good or service this is called a?

Subsidy

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What country has the best economy besides the US?

ofcourse Japan, Germany, South Korea and China

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What is the per capita income of Sudan?

$266.32

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What is a perfectly competitive service?