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Vleugels K

Venezuela - "Probably the world's worst-managed economy" - 2 views

www.economist.com/...-economy-oil-and-coconut-water

scarcity venezuela inflation finance

shared by Vleugels K on 22 Sep 14 - No Cached
  • Vleugels K on 22 Sep 14
     
    Venezuela is currently experiencing extreme scarcity levels in basic items and is also suffering from one of the world's highest inflation rates. Their economy isn't looking good.
Isobel Stephen

With Ebola crippling the health system, Liberians die of routine medical problems - 2 views

www.washingtonpost.com/...4-b03f-de718edeb92f_story.html

opportunity cost health care

shared by Isobel Stephen on 22 Sep 14 - No Cached
  • Isobel Stephen on 22 Sep 14
     
    This article shows opportunity cost because the health care systems of Liberia and Sierra Leone must dedicate the entirety of their resources - space in hospitals, as well as equipment (capital) and the labor of the doctors -so that the system is unable to take care of people who are sick with diseases other than ebola. They must allocate all their resources to ebola, and none are left over for victims of other diseases.
Iqtyider W

Environmental Economics: "What Is the Most Efficient Source of Electricity?" - 1 views

www.env-econ.net/...ectricity-the-numbers-wsj.html

scarcity environment economics.

shared by Iqtyider W on 20 Sep 14 - No Cached
  • Iqtyider W on 20 Sep 14
     
    The WSJ's Numbers "guy": The true cost of electricity is difficult to pin down. That's because a number of inputs comprise it: the cost of fuel itself, the cost of production, as well as the cost of dealing with the damage that fuel does to the environment. Energy Points, a...
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