Group items tagged

This is my article for this week's topic - China overtakes US as the biggest importer of oil. The article above relates to Aggregate Demand My write-up can be viewed here: https://pamojaeducation-com.campuspack.eu/Groups/13.Y2.ST.ODP.MAY.ECON.SL.A/Nattanopthorns_Economics_Blog/2014/02/20-3_-_Aggregate_Demand_Newsstand - Bee

The following article talks about how China has loosened its one baby policy, in order to face the growing problem of a rapidly aging population and slowing economic growth. However many young couples are not taking advantage of this new policy due to the rapidly rising costs of living in China.

India is experiencing a huge trade deficit and is now trying to reduce that by signing a deal with China to increase collaboration between the two countries. The deal will hopefully see more exports from India to China and break down chinese trade barriers to make access to the market better for India.

This article discusses about the income effect of rich millionaires in China. The demand for butlers for the superrich has created a special school of training for them. The butler is trained to be able to work as managers to have the proper attitudes and training to help their bosses to live more comfortably. The training includes how to handle foreign guests and important officials. This means that the butler must be well paid and the ability to handle various responsibilities increase their demand. There is a ready supply of young China graduates who desire to work because of the re-numeration and the opportunity to have occupational mobility.

This article "Opening the flood gates" illustrates the opportunity cost in building a dam on the yangzi river. The yangzi river contains a rare fish reserve as well as farmers reaping good harvest, the dam on the river will affect the good harvest from the farmers as well threaten several endangered species.

my article

This article is about the launching of iPhone 5C was highly anticipated to be very popular in China. The truth was that apple has decided to trimmed the iPhone production by significant 35 percent while increasing production of the more expensive iPhone 5S by 75 percent to meet the increase in demand. This implies that Apple is very responsive to the change in the demand curve by increasing the supply curve quickly. Apple is an oligopoly, which is highly responsive to the elasticity to the demand by shifting the elasticity of supply in China.

The population growth is affecting the environment globally.

Shows how different places have varied incomes.

"For those who cannot grasp the extent to which pollution can actually cause harm, how about this: an 8-year-old with lung cancer."