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Economics

~42800 answered questions
Parent Category: Business & Finance
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.
Many buyers plus few houses available for sale means higher house prices - (a sellers market). Few buyers plus a surplus of houses for sale means lower house prices - (a buyers market).
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minus 151If someone has $699 but spends $850 then they owe (minus) $151
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Politics holds a lot of weight in the world which is why many believe social and economic strength can only come through politics.
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understanding basic definitions
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Tax helps in economic development by using the money from the people to make needed improvements to that area usually in educational purposes or in war. Many other objectives are accomplished through taxes too, such as regulating the money value or by helping with programs that benefit people such a…
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a good is said to be in composite supply if its demand can be obtained from various sources
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Goods and services are produced for those who both have the money and are willing to spend it for the goods and services they want.
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This cannot be answered. This question does not make any sense.
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The basic economic question are answered by a group of government planners. This was all because of control.
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This cannot be answered. This does not make any sense.
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The Athenian economy boomed because Athens ripped off annual contributions from up to 200 other cities, collected by force if necessary. It collapsed when the Peloponnesian League defeated Athens and stripped it of its empire, and Athens collapsed into a second rate country.
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price elasticities are always negative hence brings ambiguities in the demand curve
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The leaves have been used in ayurvedic medicine & Homoeopathic medicine for sciatica, arthritis, fevers, and various painful conditions and as laxative
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During WWI, Wilson was the president that entered America into the war after the Zimmerman Telegram was intercepted by British spies working in the U.S. during the war, the economy flourished due to the need for so much war materials. This allowed for the economy to maintain stability that lasted in…
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should i drop economics for psychology
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Economic gives the understanding of the processes that govern the consumption, products and distribution of goods and services in an economy.
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In terms of the demand curve, a change in quantity demanded is moving along an existing demand curve while a change in demand is a shift.
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When the price of a product rises, the individual will look at alternatives ( substitutes ) that are cheaper but give him same satisfaction.
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Two goals of the Spanish exploration of the Western Hemisphere were shared by all the major players that went there. These goals center around gaining wealth & power for there homelands. One goal may be said to stand out more so with Spanish explorers than with those of other European nations. W…
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it means they run the term for only a short while
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GDP is purchases from consumers, investments and purchases from businesses, government spending, and net exports, and most of GDP comes from consumer spending. Americans have a lot of money compared to the rest of the world, so we spend a lot of money.
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A stable economy usually means that there is less unrest and less blame heaped up on the politicians.
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Less money in the economy.
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The industrial power of the United States us factory production
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Economics answers everything from day to day life. Why is this coffee in Starbucks more expensive than 7Eleven? Why is the produce sold at Farmers Market more expensive than the regular supermarket? Would it be advantageous to go on a date? What are the chances of getting a date in the bar? Etc.
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All partnerships have the potential for conflict.
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The NEP granted power to local industry instead of the government. Lenin's NEP outlined the benefits of a command economy. The NEP was supposed to create a stronger Soviet Union. Under the NEP, citizens owned all property and production profits.
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growing families increased demand for products
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it was the strongest economy in the world
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U.S. industries doing very well
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By 1,000 cordoba became a thriving economic and cultural center under the umyyads
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What influenced U.S. economic recovery following the Great Depression? production of materials for World War I production of materials for World War II Herbert Hoover's New Deal program European debt payment
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It is generally known as a market economy. In this economy, the choices are made by the people and not the government.
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Mostly in Oil. They aren't known much for manufacturing, but that is another factor of their economy.
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Demand for labor contributes to how much wages should be
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the economic growth lagged behind because they had to repair damages from the war
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It supports businesses by purchasing goods and services.
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The farmers in the great plains crops failed and they went banked rupt
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Cell phone cam headways open up "surrounding" new perspective of developing abilities. Quick headways in cell phone cam abilities, for example, display and high-definition feature open up new open doors for new, never-before-seen utilization cases utilizing versatile imaging innovation.For More Info…
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a very interesting question. Personally I don't think its possible to solve deflation by adding taxes. It will only put more pressure on the suppliers and consumers. The result of this policy when we have deflation will be even deeper depression.
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If an economy is in a period of stagnation, this indicates not enough new jobs are being created. It also means not enough new home construction is underway, and wages are not rising.
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When there are limited resources and unlimited need and wants, this is called scarcity. Because of scarcity, plans must be put in place to make sure the available resources are allocated in the most efficient way.
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There is a few common factors that the economic activities that are found in the United States. Some of the common factors are money and transportation.
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The Federal Reserve Bank of NY engages in foreign currency markets to help cushion the effects of international reserves of payment flows due to mostly short term situations. The NY Fed seeks to smooth out any abrupt changes in foreign exchange rates. It also looks to prevent what it considers to be…
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In the old days, a company was created for a specific length of time (for example, 10 years). With Corporations, however, the company may live forever. Corporations could grow large and become efficient, since they were not linked to anyone's life span.
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Environmental Economics is a branch of economics that focuses on the impact of environmental policies in the economy of a country.
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Securing economic development, social equity and justice, and environmental protection is the goal of sustainable development.
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Economic equity is the concept of fairness in economics, especially concerning taxation or welfare.
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Consumers have fewer choices than they do in other societies.There is little incentive to start your own business.Wealth is spread unevenly throughout society.It's difficult to achieve a higher standard of living than your parents had.
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In economics, the value of a forgone choice is called an "opportunity cost" because it represents a potential value that is lost, at least initially. There are several adjectives for things not chosen, including alternative, bypassed, forgone, deferred, or unpicked.
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The industry contributes to the national economy by creating things for consumption.
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A company that wipes out its competitors and controls an industry.
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The US has a mixed-market economic system.
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In the year 1934 the Securities Act gave the Federal Reserve gave authorization for setting margin. A margin is borrowing and buying securities.
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Borrowing and buying money is what causes Federal Reserve to reserve ratios less effective. Open market operations is what gives discount rates. == The first answer is incorrect and the grammar needs improvement. Adjustments in required reserve ratios are less flexible than the latter two choices…
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Black Death caused church to lose their power. Many dynasties were erased. People lost their faith in kings and churches.
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The sources of American expansionism in the late 19th century were varied, interests, the United States had to stake out spheres of economic influence as well.
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1 climate2 pest and diseases3 government policies4 market price5 availability of subsidies6 type of market being served
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In the legal system of the former Soviet Union, economic law was the system under which economic relations were a legal discipline independent of criminal or civil law. In the United States and other systems, economic law roughly corresponds to what is called commercial law or business law, the body…
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the factory where close but the men that work on the job fail to complete the economy
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They wanted to see the economic grow so they agree with the same things but they didn't so they seperated and both of their ideas were helpful so they got back together
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Well, fluctuation in exchange rate might put both hotelier and the foreign tourists into problem, for which forward booking of currency,( though not feasible for short duration) is advisable when you plan for a longer stay.In all other cases, the hotelier charge the prevalent exchange rate for the p…
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Black Death killed 75 to 200 million people. Which caused people to lose faith on king and church. It also founded some of the revolutions.
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Not very well.
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efficient utilization of recources
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whether to spend your two-week vacation on the shore or in town
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U.S. factories produced half of the world's industrial goods.
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Over the long term, productivity in the United States and other modern economies has increased. There will always be fluctuations in any nations' economy, this is natural. However the examples below are proven methods for long term continued growth in most if not all of economic measures. Most mod…
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Laissez-faire means letting things happen naturally without interfering. It is typically used in a political or economic context.
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A resource is free if it can produce all of the goods people want or need it to produce... and then some. A resource that can be used to produce consumer-satisfying goods and services without imposing an opportunity cost on society by preventing the production or consumption of other consumer-sati…
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why is a strong economy important
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The great political principles which govern American society at this day undoubtedly took their origin and their growth in the State. It is therefore necessary to become acquainted with the State in order to possess a clue to the remainder. The States which at present compose the American Union all …
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If the government is deciding which goods to sell and at what price, it is known as a command economy. If individuals are deciding, it is known as a market economy.
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the international spread of the great depression
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there is no answer
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A loaf of bread in December 2014 averaged $2.44 nationwide.
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The definition for the word mercantilism is "belief in the benefits of profitable trading; commercialism."
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