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Haydn W

The return of the US dollar | Mohamed El-Erian | Business | theguardian.com - 4 views

www.theguardian.com/...d-el-erian-return-of-us-dollar

shared by Haydn W on 18 Nov 14 - No Cached
  • The return of the US dollar The resurgence of the US currency could be the first promising step in steering the world economy away from crisis
  • The US dollar is on the move. In the last four months alone, it has soared by more than 7% compared with a basket of more than a dozen global currencies, and by even more against the euro and the Japanese yen.
  • Two major factors are currently working in the dollar’s favour
  • ...11 more annotations...
  • Second, after a period of alignment, the monetary policies of these three large and systemically important economies are diverging, taking the world economy from a multi-speed trajectory to a multi-track one.
  • First, the United States is consistently outperforming Europe and Japan in terms of economic growth and dynamism – and will likely continue to do so – owing not only to its economic flexibility and entrepreneurial energy, but also to its more decisive policy action since the start of the global financial crisis.
  • With higher US market interest rates attracting additional capital inflows and pushing the dollar even higher, the currency’s revaluation would appear to be just what the doctor ordered when it comes to catalysing a long-awaited global rebalancing – one that promotes stronger growth and mitigates deflation risk in Europe and Japan.
  • ECB President Mario Draghi signalled a willingness to expand his institution’s balance sheet by a massive €1 trillion ($1.25 trillion).
  • Furthermore, sudden large currency moves tend to translate into financial-market instability.
  • There is also the risk that, given the role of the ECB and the Bank of Japan in shaping their currencies’ performance, such a shift could be characterized as a “currency war” in the US Congress, prompting a retaliatory policy response.
  • Today, many of these countries have adopted more flexible exchange-rate regimes, and quite a few retain adequate reserve holdings.
  • an appreciating dollar improves the price competitiveness of European and Japanese companies in the US and other markets
  • But a new issue risks bringing about a similarly problematic outcome: By repeatedly repressing financial-market volatility over the last few years, central-bank policies have inadvertently encouraged excessive risk-taking, which has pushed many financial-asset prices higher than economic fundamentals warrant.
  • This is not to say that the currency re-alignment that is currently underway is necessarily a problematic development; on the contrary, it has the potential to boost the global economy by supporting the recovery of some of its most challenged components. But the only way to take advantage of the re-alignment’s benefits, without experiencing serious economic disruptions and financial-market volatility, is to introduce complementary growth-enhancing policy adjustments, such as accelerating structural reforms, balancing aggregate demand, and reducing or eliminating debt overhangs.
  • The US dollar’s resurgence, while promising, is only a first step. It is up to governments to ensure that the ongoing currency re-alignment supports a balanced, stable, and sustainable economic recovery. Otherwise, they may find themselves again in the unpleasant business of mitigating financial instability.
  • Haydn W on 18 Nov 14
     
    This article details the so called resurgence of the US dollar, in terms of currency value. The currency itself has risen by around 7% against other currencies but Guardian economist Mohamed El-Erian warns that without the appropriate accompanying central bank policies, the rise of the dollar could cause further market volatility and at worst a new crash. El-Erian calls for governments to enact policy to support balance the current currency realignment. 
Amanda Anna G

Changes in the US regional income distribution | FT Alphaville - 0 views

ftalphaville.ft.com/...s-regional-income-distribution

distribution-of-income

shared by Amanda Anna G on 22 Sep 14 - No Cached
  • Changes in the US regional income distribution
  • Readers of our post on the unequal distribution of healthcare productivity across the US will notice that the states with the lowest median incomes are the ones that were originally settled by Cavaliers and Borderers, with the notable exceptions of Virginia and Maryland. Despite a general tendency towards rising inequality in the US income distribution, regional inequalities haven’t changed much since 1984,
  • Amanda Anna G on 22 Sep 14
     
    This article deals with the income distribution in the US for some years back. There are charts showing the data for now and a few years back, explaining the change in the distribution of income in the different states in the US. 
Yassine G

The Looming Threat of Water Scarcity - 1 views

www.resilience.org/...oming-threat-of-water-scarcity

scarcity threat water resources risks

shared by Yassine G on 23 Sep 13 - No Cached
  • Some 1.2 billion people—almost a fifth of the world—live in areas of physical water scarcity, while another 1.6 billion face what can be called economic water shortage
  • Yassine G on 23 Sep 13
     
    This articles talks about how much people have to live with less amount of water than they need or, with no water at all in some cases. It also highlights the countries that use a lot of water and how they are using it. It also rises awareness about this global issue and its long and short-term impact on us. 
John B

Steve Jobs And The Economics Of Place | ThinkProgress - 1 views

thinkprogress.org/...obs-and-the-economics-of-place

externalities of production

shared by John B on 23 Nov 13 - No Cached
  • One of the most fundamental elements of the economics of cities goes by the oddball name “agglomeration externalities” which is basically the idea that individuals and firms obtain productivity boosts by clustering together.
  • You see this again during the development of the Apple I. Steve Wozniak is employed by Hewlett-Packard at the time
  • Silicon Valley is not only a hub of electronics and engineering but also geographically proximate to San Francisco and the arts and counterculture scene with the influence that has on Jobs’ life and the aesthetic orientation of his company over time. The story keeps going on like this. Jobs doesn’t build the company alone, or even build it with his formal partners. He also builds it with an array of formal and informal personal and professional associates that you only meet in certain kinds of places and that can only exist given the pre-existing high density of electronics firms in the area.
  • ...1 more annotation...
  • Part of the moral of the story is about the role of luck and contingency in any successful person’s life. But an important part of it is about the importance of clusters as such and the way that past success can lay the groundwork for future success. America is home to many of the world’s most successful high tech companies today in large part because we were home to many of the world’s most successful high tech companies 35 years ago.
  • John B on 23 Nov 13
     
    This article is about the biography of Steve Jobs. It is talking about how Jobs used agglomeration externalities, "individuals and firms obtain productivity boosts by clustering together". By the use of the location, Jobs managed build up the company, but he is not alone building this company. He has his personal and professional associates that result in a boost in productivity. They use agglomeration.
Haydn W

BBC News - US and EU 'make progress' in free trade area talks - 2 views

www.bbc.co.uk/...business-29482892

BBC EU USA Free Trade

shared by Haydn W on 21 Oct 14 - No Cached
  • US and EU 'make progress' in free trade area talks
  • Officials from the United States and the European Union say they have made progress as they seek to sweep away trade barriers.
  • If successful an agreement would create the world's biggest free trade zone.
  • ...8 more annotations...
  • The planned agreement is known as the Trans-Atlantic Trade and Investment Partnership or TTIP.
  • Mullaney said they have "progressed from discussing general approaches to the spadework of reviewing the many proposals that each side has put on the table."
  • They are trying to do that by eliminating tariffs (taxes on imported goods) and removing what Mr Mullaney called "non-tariff obstacles".
  • But while trade officials get on with detail, some of the general principles continue to generate vocal opposition.
  • Perhaps the most controversial area is the provision for foreign investors to go to an international tribunal for compensation if a government breaks the rules in a way that harms the company's interests.
  • he opposition to this idea has been taken up by the German government, so it remains uncertain whether it would appear in any final agreement.
  • Other critics are concerned that an agreement will drive down standards of consumer protection and food safety and will cost jobs.
  • They also complain that the texts that negotiators are working on are not made public.
  • Haydn W on 21 Oct 14
     
    Talks are taking place between the EU and the USA to create the worlds biggest free trade area. In many goods the US is seen to have an absolute advantage in producing many goods but they also rely on European countries to provide many components to US businesses. This trade deal, although opposed by Unions and other activitists is seen by many to be vastly beneficial to the two parties.
Marenne M

Companies with foreign debt likely to feel the heat when US hikes rate - 0 views

www.hindustantimes.com/...article1-1327982.aspx

foreign debt

shared by Marenne M on 24 Mar 15 - No Cached
  • Marenne M on 24 Mar 15
     
    This article describes how the strengthening of the USD will cause problem for the countries which are in debt with the US. As the value of the US dollar rises, the countries in debt will have to compensate for a larger amount of money due to the increase in value of the USD. As a result, their debt increases.
Amanda Anna G

U.S. be warned: Default would cause global crisis - CNN.com - 0 views

edition.cnn.com/...index.html

Equilibrium- Price Mechanism

shared by Amanda Anna G on 11 Oct 13 - No Cached
  • The impact of default could be catastrophic, and not just economically. As Secretary of State John Kerry asserts, this would send a message "of political silliness" that we "can't get our own act together" so we need to "get back on a track the world will respect."
  • As the U.S. partial government shutdown continues into almost a third week, the stakes are growing
  • This builds on earlier studies by the organization, including in 2011-12 which highlighted "intensified speculation about America's long-term stability," partly as a result of the downgrade by Standard & Poor's of the country's credit rating. This was prompted by the last near debt default of Washington in 2011.
  • ...4 more annotations...
  • Then, as now, however, the country retains attractive qualities for many foreigners, including its popular culture and economic innovation.
  • And the fact remains that, in times of major urgency, Washington can transcend partisan divisions and work in the national interest.
  • This was demonstrated, for instance, during the 2008-9 financial crisis when Congress and the administration acted more swiftly and comprehensively than many other countries to counteract the worst economic turmoil since at least the 1930s. This has been key in enabling the country to recover more quickly from recession than some other areas of the world. While current problems should therefore be put into context, the situation is nonetheless troubling. And this is not the first time this year that a Washington political impasse has threatened negative economic repercussions
  • Only at the 11th hour did Congress in January agree a deal to prevent the U.S. falling off the "fiscal cliff." It is estimated that the automatic tax increases and spending cuts might well have taken the U.S. economy back into recession.
  • Amanda Anna G on 11 Oct 13
     
    This article relates to equilibrium and price mechanism because it describes changes in impacts of the market. Stakes are growing, there are "intensified speculation about America's long-term stability" due to a downgrade in the country's credit rating, and an unstable state at the "fiscal cliff". These worries and a political impasse in Washington are some impacts that has threatened negative economic repercussions in the US, moving the market equilibrium. In response to changes in price, resources are allocated and re-allocated. However, profits are still able to be made making the equilibrium more stable without excess demand and supply, due to that the US has its popular culture and economic innovation, helping the country to retain attractive qualities for many foreigners.
  • Yassine G on 12 Oct 13
     
    I think this is a very serious matter, that could affect the world's over all economy if it goes on for a while. We can see that obviously a majority of the world's largest companies are american and based in america. If this effects any of those companies, the market they operate at will see a big change, both in the good way and the bad one.
John B

Long-term unemployment: What the U.S. can learn from Sweden - The Term Sheet: Fortune's... - 1 views

finance.fortune.cnn.com/...-long-term-unemployment-sweden

unemployment

shared by John B on 14 Apr 14 - No Cached
  • less than 10% of Americans who were unemployed had been so for more than 27 weeks. Now, 35.8% of unemployed Americans fit into this category.
  • Long-term unemployment is a particularly pernicious problem because of its compounding nature -- long stretches of unemployment erode workers' skills, while employers have an irrational bias against the long-term unemployed.
  • Take Sweden
  • ...6 more annotations...
  • these workers find it harder and harder to find a job.
  • One 2007 study showed that out of six different Swedish programs, whose purposes ranged from worker retraining, helping workers maintain contact with former colleagues, temporary government employment, and employment subsidies, only the latter was effective at bringing down long-term unemployment.
  • A wage subsidy is a program where the government pays part of a worker's check, thus raising the worker's income and inducing firms to hire more workers.
  • Wage subsidies aren't just a potential solution to the debate over the minimum wage. They could also help bring down U.S long-term unemployment as well.
  • Wage subsidies haven't taken off in the U.S., primarily for political reasons.
  • The experience in Sweden shows that this policy can help the long-term unemployed find gainful employment.
  • John B on 14 Apr 14
     
    This article deals with the long-term unemployment issue in the US that have been rising a lot since 2002. One solution to this is to follow one of the Swedish programs, wage subsidies. This have given great results and might be a good solution to the problem in the US as well.
John B

A Fair, Free Market Or The Copyright Monopoly? - Falkvinge on Infopolicy - 0 views

falkvinge.net/...rket-or-the-copyright-monopoly

Monopoly

shared by John B on 09 Feb 14 - No Cached
  • The copyright industry likes to pretend that making copies is somehow “stealing” and that on a fair and free market, everybody would be forced to buy from them.
  • the copyright industry deliberately confuses the goods that they offer for sale with the service of duplication, which is a completely different kind of offering. The service of duplication is what’s on an immoral, anachronistic monopoly, not the goods themselves.
  • In my world, and in a fair and free market, any entrepreneur or executive that claims a moral right to prohibit others by law from competing with them can fuck off and die.
  • John B on 09 Feb 14
     
    this article wants to tell us that the copyright monopoly is something bad. That it slows down the development in the future. Personally, I would say that this article is not thought through since it is contradicting and use language like "can fuck off and die". The writer aims a lot on the right of duplicating, and that copyright monopoly stands in its way for that. I would say that duplicating something that a company has put a lot of money and time on, would not be morally right, because the one that is duplicating it will spend a very little fortune and time on doing this compared to the real producers. It is actually a pretty bad article, it feels like the writer tries to promote the duplication right of copying movies, programs, etc. and then share it on for example pirate bay.
Dina B

SoftBank CEO: Verizon, AT&T have oligopoly in the US - 1 views

news.cnet.com/...-at-t-have-oligopoly-in-the-us

oligopoly

shared by Dina B on 01 Mar 14 - No Cached
  • Mariam P on 01 Mar 14
     
    This article is about the companies which have an oligopoly in the market in US.
  • Dina B on 04 Mar 14
     
    This article talks about the on going oligopoly in the US with cell phone network providers.
Pietro AA

Analysis: Energy costs keep Japan's focus on nuclear, despite risks and use of renewabl... - 0 views

www.foxnews.com/...-nuclear-despite-risks-and-use

scarcity Opportunity Cost energy risks japan

shared by Pietro AA on 16 Sep 13 - No Cached
    • Pietro AA
      Pietro AA on 16 Sep 13
       
      Other scarse vaariables introduced: time and technology
    • Pietro AA
      Pietro AA on 16 Sep 13
       
      safety is a desire of most men and it is also not infitite therefore it is scarse.
  • ctions take about six months for each reactor, and obtaining con
  • ...19 more annotations...
    • Pietro AA
      Pietro AA on 16 Sep 13
       
      a conflict between the scarsity of safety and scarsity of energy
    • Pietro AA
      Pietro AA on 16 Sep 13
       
      a conflict between the scarsity of safety and scarsity of energy
  • Energy costs keep Japan's focus on nuclear, despite risks and use of renewables
  • other plants remained closed for intensified safety checks
  • The issue is cost, and to a lesser extent, concern over a resurgence in climate-changing carbon emissions due to increased use of coal and oil to generate power. Clean energy still only accounts for 10 percent of total consumption — most of it hydropower. Much of the new capacity approved has yet to come online.
  • nuclear power remains essential, even with a surge in generation capacity from solar, wind and other renewable sources, and that the world's No. 3 economy cannot afford the mounting costs from importing gas and oil.
  • Japan has managed to avoid power rationing and blackouts. Industries have moved aggressively to avoid disruptions by installing backup generators and shifting to new sources, such as solar power.
  • households no
  • paying 30 percent more for electricity than before, with more rate hikes to come.
  • prompted a rethink of plans to raise nuclear capacity from one-third to over half of total demand.
  • Reliance on imported oil and gas has surged from about 60 percent of energy consumption to about 85 percent.
  • The recent weakening of the Japanese yen has added to the burden on the economy from oil and gas imports.
  • Abe and others in favor of resuming nuclear power contend that renewable energy is too expensive and unreliable — wind doesn't always blow, the sun doesn't always shine.
  • Apart from those issues, national security requires that Japan retain some self-sufficiency
  • Local communities are divided: many have relied heavily on nuclear plants for jobs and tax revenues, but worry over potential risks.
  • hat there's a huge opportunity in power
  • We're also seeing radical efficiency gains.
  • he disposal and security of nuclear waste are issues yet to be resolved.
  • For now, however, it appears any phase-out of nuclear power will be very gradual.
  • "In the long term if we can create new resources that are more efficient than the current oil-based system, then we can rely less on nuclear power, that's quite possible," Adachi said. "But it will take quite a long time."
  • Pietro AA on 16 Sep 13
     
    This article shows how, since the meltdown of the Fukushima plant in 2011, the "want" of security (which is scarce) increased and gave energy problems to the country (energy is one of the most important scarce resources . Japan finds itself making decisions limited by the scarcity of energy, safety, time and technology. Should it take risks and stop spending money? Should it keep everybody safe and just go for the hydrocarbur plants? Should it simply invest on renewable energy plants? Should it take time and reaserch   Pietro
John B

Technology Eases the Ride to Higher Tolls - New York Times - 0 views

www.nytimes.com/...04leonhardt.html

Price mechanism

shared by John B on 14 Oct 13 - Cached
  • I imagine that some of the children being driven to the Jersey Shore today won’t even look away from their DVD players as they glide through a toll.
  • As a result of E-ZPass and its ilk, even many adults don’t notice the cost of a toll.
  • Which raises an interesting question: If you don’t know how much you’re paying for something, will you notice when the price goes up? Or has E-ZPass, for all its benefits, also made it easier for toll collectors to take your money?
  • ...3 more annotations...
  • fter an electronic system is put in place, tolls start rising sharply. Take two tollbooths that charge the same fee and are in a similar setting — both on highways leading into a big city, for instance. A decade after one of them gets electronic tolls, it will be about 30 percent more expensive on average than a similar tollbooth without it. There are no shortage of examples: the Golden Gate Bridge, the George Washington Bridge and the Tappan Zee Bridge, among them.
  • “You may be less aware you’re paying the toll,” said Ms. Finkelstein, now an associate professor at M.I.T., “but you’re paying a higher toll than you used to.”
  • The E-ZPass economy is indisputably more convenient. It saves time and frustration. But the old frustrations that came with cash also brought a hidden benefit: they forced you to notice that you were spending money. With electronic money, it’s much easier to be carefree.
  • John B on 14 Oct 13
     
    In this article we read about how ignorant we can be for the taxes we pay when entering cities due to the electronically tolls. It is very easy for the E-ZPass company to raise the cost when going through a toll since it is payed with electronic money. Still we get something out of this. We save time and we don't get frustrated on waiting to pay the toll. That is a demand that is very high since everyone has very little time to spare and we really don't Want to become frustrated. So this company use these demands in to their benefits.
  • John B on 14 Oct 13
     
    In this article we read about how ignorant we can be for the taxes we pay when entering cities due to the electronically tolls. It is very easy for the E-ZPass company to raise the cost when going through a toll since it is payed with electronic money. Still we get something out of this. We save time and we don't get frustrated on waiting to pay the toll. That is a demand that is very high since everyone has very little time to spare and we really don't Want to become frustrated. So this company use these demands in to their benefits.
Amanda Anna G

US Fed debates plans to exit easy monetary policy - FT.com - 0 views

www.ft.com/...0a-11e3-875f-00144feabdc0.html

monetary-policy

shared by Amanda Anna G on 26 May 14 - No Cached
  • The US Federal Reserve is debating yet another addition to its forward guidance as the central bank starts to plan an exit from easy monetary policy.
  • ccording to the minutes of April’s meeting of the Federal Open Market Committee, “a number” of officials wanted to give more information about how long the Fed will wait before it starts to reduce the size of its balance sheet.
  • The minutes show how the Fed is starting to wrestle with the complexity of raising interest rates with a balance sheet bloated to more than $4tn by repeated rounds of asset purchases over the past five years.
  • Amanda Anna G on 26 May 14
     
    As a number of officials wanted to give more information about how long the US Federal Reserve will wait before it starts to reduce the size of its balance sheet, the central bank starts to plan an exit from easy monetary policy. 
Amanda Anna G

DHM Markets/Marketers: Per capita production - 0 views

www.dairyherd.com/...pita-production-248276141.html

aggregate-supply

shared by Amanda Anna G on 29 Mar 14 - No Cached
  • We've all heard about per capita milk consumption – how many pounds of dairy products we consume annually on a milk equivalent basis. Hint: It's about 600 lbs. per person in the United States.
  • But what about per capita milk production?
  • The Central federal milk marketing order administrator's office tracks per capita milk production annually, identifying states producing enough milk within their borders to meet the needs of their population. When compared with population estimates, the information helps reflect the aggregate supply and demand balance for individual states and regions throughout the U.S.
  • Amanda Anna G on 29 Mar 14
     
    This article is about the consumption and production of milk in the US. The comparison helps reflect the aggregate supply, as I believe- milk is a product that is bought in nearly every household in the US, and hence takes up a big proportion of the economy. 
John B

Troubled TTIP isn't the only 'trade' takeover busting our sovereignty | openDemocracy - 0 views

www.opendemocracy.net/...keover-busting-our-sovereignty

Trade bloc

shared by John B on 20 Jan 15 - No Cached
  • John B on 20 Jan 15
     
    This article deals with a potential agreement between US and EU where completely free trade is supposed to be the main aim. This agreement would mean that the free trade between US and EU would be the largest free trade zone.
Daniel Soto Aggard

Ireland the main beneficiary of US foreign direct investment - 0 views

www.irishtimes.com/...gn-direct-investment-1.2127361

FDI foreign direct investment

shared by Daniel Soto Aggard on 10 Mar 15 - No Cached
  • Daniel Soto Aggard on 10 Mar 15
     
    Ireland is the number one destination in the world for US foreign direct investment (FDI), according to a new report. The study, which was commissioned by the American Chamber of Commerce Ireland, reveals that US firms have invested more than $277 billion here since 1990.
Haydn W

Coal India could have helped slash production cost by 12%: Power Companies - The Econom... - 0 views

economictimes.indiatimes.com/...28915293.cms

India Coal Energy Economic Times Production Costs Monopoly

shared by Haydn W on 17 Jan 14 - No Cached
  • KOLKATA: Coal India Ltd could have helped power companies save their production cost by 12%, or 35 paise a unit
  • The state-run monopoly coal supplier on Tuesday declared a dividend of Rs 29 a share.
  • CIL increased coal prices by a minimum 30% for all thermal coal used by power companies over the past three years
  • ...3 more annotations...
  • This enabled the company to increase its cash and bank balance from about Rs 45,000 crore during 2010-11 to Rs 62,000 crore in 2012-13,
  • Most of the additional reserves came from higher prices as production did not rise at the same pace. This fiscal year, the company is likely to miss its target on coal production by about 17 million tonnes and sales by some 15 million tonnes.
  • Power tariffs are regulated by Central and state regulatory commissions, however, coal prices are not. Every increase in coal prices leads to increased power generation costs which need to be passed on to consumers.
  • Haydn W on 17 Jan 14
     
    This article explains how production costs in India could have been cut if Coal India had kept prices lower. The article also tells us that the company has a monopoly on the industry and is state-run which has lead some people to criticise the government. The company has been accused of protecting its own interests by raising prices to cache its bank balance. 
Yassine G

BBC News - Intel to cut 5% of staff after forecasting no growth this year - 0 views

www.bbc.co.uk/...technology-25771760

intel forecasting growth demand Production Supply Revenues

shared by Yassine G on 26 Jan 14 - No Cached
  • which
  • Revenues
  • Revenues at
  • ...10 more annotations...
  • which
  • Intel's division which makes chips for desktop computers fell
  • s chips for desktop computers fell
  • % in 2013.
  • However, the company said there had been signs in the past few months that the PC sector was "stabilising".
  • For the full year 2013, the firm reported a net profit of $9.6bn, down 13% from a year ago.
  • Intel's chief financial officer, Stacy Smith, said the division's revenues in 2014 would probably come in toward the bottom of the previous estimate of 10% to 15% growth.
  • 'Bringing innovation
  • That included a 3D-camera technology, where one of its depth sensors could be used to interpret gesture controls and to separate foreground objects from the background.
  • It said laptops featuring the technology would go on sale this year.
  • Yassine G on 26 Jan 14
     
    this is a very interesting article that demonstrates the total revenues and how they can fall or raise, it also compares different years' revenues and shows us how intel plans to overcome the fall in revenue. 
Talisha R

Water Scarcity - 0 views

articles.economictimes.indiatimes.com/...carcity-water-tariff-raw-water

Water Scarcity Demand

shared by Talisha R on 14 Sep 13 - No Cached
  • Talisha R on 14 Sep 13
     
    I think this article relates to what we are studying as it mainly talks about scarcity. It says that water scarcity is one of the main challenges in Delhi, there is a huge demand for it but they need to learn how to distribute it around the city. People usually do not think that water is scarce, however this article shows that it is and people need to learn how to effectively distribute it.
  • Clemente F on 16 Sep 13
     
    Water scarcity is a very tough argument. We are consuming very high quantities of water and a huge part is being wasted. The study of economics may help people the population to make a "production possibility curve" so that the use of water is balanced.
  • Yassine G on 23 Sep 13
     
    It's really important that everyone start to realize how bad this cold be in the long run. If this wasteful use of water continues, we are going to face some serious consequences. Scientists should start working on developing new methods for agricultural use of water, as agriculture is considered to be on top of the consuming industries of water in many areas. meanwhile I think that countries should develop a water consuming rule, that somehow reduces water consumption.
Zuzanna G

PED of gasoline - 1 views

economics.about.com/...gasoline_elast.htm

PED price elasticity demand gasoline

shared by Zuzanna G on 19 Oct 13 - Cached
  • Clemente F on 19 Oct 13
     
    Gasoline has a very inelastic demand. It became an essential product because it is used to produce energy, to use cars and for so many other functions. This article discusses if the elasticity of gasoline may is zero or not. Even the fact they are discussing it means that gasoline is essential because if its elasticity is considered to be zero or a little more it shows how important the product is and how muche the price of the product doesn't affect significantly the demand for it.
  • Zuzanna G on 19 Oct 13
     
    This article smoothly discusses the PED of gasoline. It's worth reading because it examines it clearly and quite precisely - e.g. taking into consideration time. It shows that gas is an inelastic good, due to the fact that it's really necessary and commonly used. This text ends with a nice conclusion stating that one's never fully sure about the changes in economy.
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