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Home/ IB Econ 12 (1)/ Contents contributed and discussions participated by Marco Pavisic

Contents contributed and discussions participated by Marco Pavisic

Marco Pavisic

Argentina, Indonesia Spared EU Anti-Subsidy Duties on Biodiesel - 0 views

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    1) This article talks about the EU that threatens anti-subisdy tariffs to the Argentinean and Indonesian biodiesel after approving five-year levies to counter below-cost, or "dumped," imports from both countries. 2)The article is arguing in favour of free trade as it tries to impose Argentina and Indonesia Anti-dumping 3) The effects on stake holders, will be that in this case Argentina and Indonesia will have to pay for five years as a consequence of them dumping the BIO-fuel on the EU. on the other hand the EU will benefit from this situation as from now one they will pay the normal price and therefore the consumers will pay less as the cost for the government and the country to get the fuel is less.
Marco Pavisic

Britons' net incomes fall to lowest since 2001-02 - 0 views

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    1) Distinguish whether or not the article is talking about absolute or relative poverty. This article is talking about absolute poverty 2) According to the article what are some possible causes of poverty. According to the article some possible causes of poverty are: a. Inflation increased b. Wages increased slower than the rate of inflation causing people to be earning less. 3) According to the article what seem to be some of the consequences of poverty. Some of the consequences of poverty are: Income fell as the earnings and benefit grew more slowly than the cost of living. Therefore there is also a decrease in the living standards.
Marco Pavisic

Singapore's monetary policy may stay tight as inflation picks up for fourth month | Reu... - 0 views

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    This article stresses the continue increase of the prices of goods and services in Singapore, causing the inflation in the country to keep growing further. Moreover, this article talks about that the consumer price index (CPI) has risen in August of this year 2% more in comparison with the last year, they also had calculated the CPI in July of this year, which was 1.9% meaning that the inflation kept increasing constantly. This article also strains that one of the main causes for the increase in inflation in Singapore is because of the government measures to slow the inflow of the cheap foreign workers into the city-state. If the inflation in Singapore continues to increase, in the long run this will cause the country's currency to have a value of almost nothing. The consequence of this will be that the people living in this country won't have enough money to live a normal life. Therefore, they will have to have an aid from the government.
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