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Home/ Economics 3rd Hour/ Contents contributed and discussions participated by Souva J

Contents contributed and discussions participated by Souva J

Souva J

Milk Prices May Double in New Year - 0 views

shared by Souva J on 21 Dec 12 - No Cached
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    This article relates to economics because it deals with the changing milk prices. Due to the fiscal cliff, the government has said they will buy dairy from the farmers if the prices drop too low. This will have a major affect because it will raise prices on all dairy products or anything made with milk.
Souva J

No mistletoe: Obama laments no cliff deal, punts until end of year - 0 views

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    This article relates to economics because it is dealing with the fiscal cliff. If an agreement is not reached by the new year, all Bush administration tax cuts will expire and taxes will raise and in result, cause a change in the U.S. economy
Souva J

Unemployment Rise - 0 views

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    The article explains how the unemployment rate went from 7.8% to 7.9%. However, the rise was due to new people entering the job market, not from people losing jobs. Experts view this as a positive gain because these new people will add new workers to the job mix and hopefully new jobs will be created due to this. Of course, this relates to economics because jobs are one of the key components of the basis of economics and without jobs, there is no economy
Souva J

Hurricane Sandy Econ - 2 views

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    Hurricane Sandy relates to Economics in many ways. First off, the money needed in recovering from this hurricane will put our nation in even more debt than it already is. Second, the stock market was down for two days because of the mess. Lastly, the governments involvement will be shown in the next few weeks by President obama and we will hear on what Governer Romney's plan is to fix this mess
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