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Monique T

Home shopping goes high end - Jul. 19, 2011 - 2 views

  • white ones.
    • Lola Z
       
      Value of the white ones is the opportunity cost.
    • Lola Z
       
      Human wants are unlimited. Ladies always want more fancy jewelries. 
    • Lola Z
       
      Human wants are unlimited. Ladies always want more fancy jewelries. 
  • everyone wants to be at the party." 
    • Lola Z
       
      Once again, this shows that human wants are unlimited.
  • ...2 more annotations...
  • "The recession may be the best thing that happened to the home shopping networks because designers needed new outlets to offer more affordable prices," said Jack Plunkett, CEO of Plunkett Research.
  • By selling directly to the consumer, shopping channels eliminate the steep mark-ups taken at boutiques and department stores and offer more competitive pricing, said Plunkett.
    • Lola Z
       
      Opportunity cost for customers is that the convenience of going to shops to see the real goods and try them on.
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    Not only is there an opportunity cost for the designer, but the people spending this money on the jewelry have the opportunity cost for other large items - such as a vacation or new computer!
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    I commented on this article, and now on my screen above it says shared by Monique T... just to clarify, Lola posted the article, not me.
Monique T

China calls for free-trade deal with Canada within a decade | The Globe and Mail - 0 views

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    This article discusses the possibility of a free trade deal between China and Canada; while Canada has the potential to benefit greatly from this deal, Canadians are weary for numerous reasons, including Chinese takeovers of domestic companies, and human rights issues.
Desmond M

Egalitarian distribution of income is destructive - 0 views

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    This article discusses a new study that shows rising levels of equality do not necessarily result in lower crime, or health. On the contrary, it shows that higher inequality is associated with higher growth. However, the author argues that extreme levels of poverty should be combatted, and that economic policy should be used to promote "human exceptionalism."
Monique T

Malta's power stations cost up to €126m a year in health, environment | The M... - 1 views

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    This article discusses the environmental and human health costs of power plants. These type of costs would be considered negative externalities of production, because they are harmful effects that do not effect the firm producing the power, but rather a third party, society as a whole. When producers are making the power, they value the cost as the private costs to their firms, but as outlined by this article, there are many social costs which they do not consider, and this leads to over-production, which means the market is failing, as the resources are not being allocated efficiently. An interesting aspect is that they are able to put a true "cost" on environmental and health effects, which can be quite hard to determine.
Katie Edwards

How Energy Drains Water Supplies - NYTimes.com - 1 views

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    This article outlines how dependent energy sources are on water. The wants and needs for water resources are increasing worldwide, and this could become a problem to power plants, hydroelectric facilities, and other major sources of global water supply.
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    Aha! Scarcity of water supply, and it's a need. It is really important for us, human beings to know the importance of preserving the environment!
Mirren M

THAILAND: Inequality Gap Stains Thailand's MDG Achievements - 0 views

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    The article talks about how "human insecurity" takes a toll on the income inequality and how different organizations are taking steps to improve the situation. ""The richest Thais earn 14.7 times more than the poorest," said Gwi-Yeop Son, resident representative of the United Nations Development Programme (UNDP),"
Sebastian van Winkel

Water scarcity 'now bigger threat than financial crisis' - 0 views

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    By 2030, more than half the world's population will live in high-risk areas By Geoffrey Lean, Environment Editor Humanity is facing "water bankruptcy" as a result of a crisis even greater than the financial meltdown now destabilising the global economy, two authoritative new reports show.
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    This seems like a big issue that will unfold during our generation. In Canada, we have one of the world's largest fresh water supplies, and that will be an important resource for our country moving into the future. But even with such a large supply, it is still a very scarce resource. Last year I visited a museum exhibit on the world's water supply, and it demonstrated the amount of water usage per capita in places around the world... In North America, we were using around ten times more water per day than people in Africa. This demonstrated the availability around the world affecting people's usage, but even in places where water is abundant, if we use too much it can still run out, so we need to be careful in everything we do.
Desmond M

Is Junk Food Really Cheaper? - NYTimes.com - 1 views

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    This article demonstrates opportunity cost because it shows that eating healthy food costs less but most people prefer not to because of the inconvenience of cooking it.
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    This is a really neat way of looking at opportunity cost! It not only shows the opportunity cost of specific products, but how we as humans determine what's important, or what's the most important.
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