answersLogoWhite

0

🏢

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.

163,502 Questions

Who was the first person to win the lottery?

User Avatar

Asked by Wiki User

The single largest lottery winning in US was the Mega Millions jackpot of $390 million held on March 06, 2007. There were 2 winners for this draw, each qualifying for $195 million.

The single largest ticket sold was from Powerball jackpot on February 18, 2006, valued at $365 million . This was won by a group of ConAgra Foods Coworkers.

The second largest individual ticket was from Powerball jackpot onOctober 19, 2005 , valued at $340 million . This was won by Chaney & West Families.

Check all the Mega Millions winners and the jackpot prizes at:

http://www.portalseven.com/lottery/megamillions_jackpot_winners.jsp

Check all the Powerball winners and the jackpot prizes at:
http://www.portalseven.com/lottery/powerball_jackpot_winners.jsp

What professional sport makes the most money?

User Avatar

Asked by Wiki User

Here's the list:

http://blog.sportscolumn.com/story/2007/6/1/101026/6765

You're looking at:

Golfers

Boxers

Basketball

Baseball

Football

NASCAR

Note, this list includes endorsement deals. That's why some of the women (who are egregiously underpaid) have appeared on the list.

Soccer because you get like 5.6 million if your like hella good

What is the best way to win the lottery?

User Avatar

Asked by Msconstance

There is no "best" way to win the lottery. The numbers are completely random. If someone knew the answer to this question they would not be on WikiAnswers.

Any individual draw is not affected by any other draw. Any possible outcome, if purely random, has exactly the same probability of any other sequence.

HOW EXCESS SUPPLY IN THE MARKET FOR BANANAS?

User Avatar

Asked by Wiki User

excess supply in the market for bananas

How does spending extravagantly affect a person life?

User Avatar

Asked by Wiki User

It is said by Allah that, A person in Islam should never spend too much or very less. But right now we are talking about spending extravagantly. Spending extravagantly is neither a good thing nor a bad thing. firstly, it is not a bad thing because Allah said in the Quran ''Spend the money you have on your generation, on my people and I will give you more. Secondly, it is also written in the Quran that you should spend your money but not too much, spend it on the things you need or are necessary for your daily life. And give or donate the money to poor people and give Zakat, and i will give that money back in triple the time.

For more info or for contacting me;

Phone; 03455192222

What does opportunity?

User Avatar

Asked by Wiki User

An opportunity means a possibility, or something similar to that.

Example: That girl is single! What a great opportunity for you!

What type of goods commonly used with other goods?

User Avatar

Asked by Wiki User

Complementary

Complementary goods are commonly used with other goods

What is french curve used for?

User Avatar

Asked by Wiki User

It is used for mechanical drawing of curves and has applications in such things as weather maps, etc. unlike slide rules they are still currently manufactured by among others, Ko-Hi-Noor of Paris. they have various engineering applications, as stated,

What is role of consumers and producers in a free-market system?

User Avatar

Asked by Wiki User

C. They make the economic decisions

How have recent changes in Egypt affected it's economy?

User Avatar

Asked by Wiki User

The urbanization or movement of rural people to the nations cities have effected egypts economy recently.

Why has tertiary sectors increased?

User Avatar

Asked by Wiki User

It has increased because the primary sector and secondary sector have decreased. They have decreased because machines have taken over the employees jobs, and so they find work in the tertiary sector. Also because more products are being made every day, and these need places to be sold. the primary sector has decreased rapidly through time, from 1980 to 2002 the employment rate for primary industries has decreased by over 65%.

the secondary sector has decreased but first off it increased, and the tertiary sector anly came along way after all of this because most people used to grow their own food and stuff.

Katie,ashleigh and Nicole in buisness <3

In what way are trade offs and opportunity costs alike?

User Avatar

Asked by Wiki User

Trade-offs and opportunity costs are alike in one main way. Perhaps you would make a trade-off in order to enjoy something that you wanted, and you may lose the opportunity to use this item if you do not make the trade-off.

What type of economy does a democracy have?

User Avatar

Asked by Wiki User

Democratic countries usually have a mixed economy, somewhere between capitalism and a free market economy.

Why is to produce a problem in every economy?

User Avatar

Asked by Wiki User

What to produce?

There are two aspects of this problem--- firstly, which goods should be produced, and secondly, what should be the quantities of the goods that are to be produced. The first problem relates to the goods which are to be produced. In other words, what goods should be produced? An economy wants many things but all these cannot be produced with the available resources.

Therefore, an economy has to choose what goods should be produced and what goods should not be. In other words, whether consumer goods should be produced or producer goods or whether general goods should be produced or capital goods or whether civil goods should be produced or defense goods. The second problem is what should be the quantities of the goods that are to be produced.

Production of goods depends upon the use of resources. Hence, this problem is the problem of allocation of resources. If we allocate more resources for the production of one commodity, the re­sources for the production of other commodities would be less.

What portion of discretionary spending is typically spent on?

User Avatar

Asked by Wiki User

The portion of discretionary spending typically spent on defense varies. If a country is at war, the discretionary spending percentage will be higher for defense.

When do diminishing marginal return occurs?

User Avatar

Asked by Wiki User

Diminishing returns occur when a function satisfies Innada conditions or, to be

more specific, when:

  1. The first derivative of the function is positive
  2. The second derivative of the function is negative.

Diminishing describes the tendency of increases in returns to decline asymptotically towards zero.

What effect did protective tariffs on the American economy?

User Avatar

Asked by Wiki User

They made American goods cheaper than imported goods

How do government achieve wealth?

User Avatar

Asked by Wiki User

raising taxes