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Home/ IB Econ HL Section B/ Contents contributed and discussions participated by issaechl f09

Contents contributed and discussions participated by issaechl f09

issaechl f09

Carmaker's auto show mission: Rekindle the romance | freep.com | Detroit Free Press - 0 views

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    This article talks about the car industry and how various care companies are trying themselves. Many are trying to be the "most environmentally friendly". Some keeping performance as their distinguishing factor. All of this shows forms of non-price discrimination in the marker
issaechl f09

How Much Is Your iPhone App? - Freakonomics Blog - NYTimes.com - 0 views

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    This is a a comment by Daniel Hamermesh on the Price discrimination apple uses with iPhone applications. Some applications with only a few more features cost a great deal more.
issaechl f09

Providência resumes nonwoven project in the US, Brazil, Petrochemicals, news - 0 views

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    This article doesn't specifically mention a natural monopoly, but it refers to one because it is an industry with high sunk costs that is more efficient with less firms and central infrastructure.
issaechl f09

New York attorney general files antitrust suit against Intel - Inform - 1 views

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    This article is about the Intel using illegal methods to maintain a monopoly. The New York Attorney General says that the lack of competition means that customers are deprived of good prices.
issaechl f09

allAfrica.com: Africa: Industrialization Will Help Africa Fully Join World Economy, Say... - 0 views

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    This article is about the need for Industrialization in African states. Industrialization would improve the productive efficiency in these countries by lowering the average costs of production. Secretary-General Ban Ki-moon believes that increased industrialization in Africa will increase competition and allow integration into the global economy.
issaechl f09

FT.com / Americas / Economy & Trade - Deal nears to end 'banana wars' - 0 views

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    This article is about a pending deal to stop "banana" wars. This is a dispute over the policy enacted in 1993 to give preferential treatment to bananas from former British colonies, and to put tariffs on other bananas. This distorted the market and created barriers to entry and exit. It also meant that firms in former colonies were making supernormal profit in the European banana market. This deal will put an end to this policy and make move the market for bananas closer to one of pure competition.
issaechl f09

BBC NEWS | Business | Buffett firm sees profits triple - 0 views

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    This article is about an large increase in profit of Warren Buffet's investment firm. Revenue increased by two billion dollars in the course on one year.
issaechl f09

Amid Tumbling Sales, Chrysler Looks to Future - TIME - 0 views

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    Chrysler looks to decrease costs by improving efficiency and productivity. They planned to reduce costs by making the type of car they created variable in the long run. The new short run as a result of this new, cheaper car has the cost of production of the new Chrysler at a lower fixed cost.
issaechl f09

A tax solely for medical care | Philadelphia Inquirer | 10/18/2009 - 0 views

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    This article is about imposing a tax for the sole purpose of increasing revenue to put towards health care. The article talks about putting a percentage tax on all goods. In total, the burden of the tax should be spread out as there is a range of elasticities of goods being taxed.
issaechl f09

Market for Luxury Goods Shifts Further to the East - NYTimes.com - 0 views

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    This article is about market for high-end and luxury goods in Asia. With an increase in income and spending power, there has been an increase in the demand for luxury goods.The article also highlights the movement of these luxury markets from NY and Geneva as a result of the economic crisis. Income has decreased in these places, therefore demand for luxury items has decreased.
issaechl f09

When Are Cigarette Taxes Too High? - TIME - 2 views

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    In this article New York City's health commissioner believes that the demand for cigarettes is price elastic and that with a high enough increase in price, there will be a large decrease in demand. This is contrary to the the notion that addictive goods have inelastic price elasticity of demand.
issaechl f09

World food prices: Whatever happened to the food crisis? | The Economist - 2 views

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    This article talks about the recent food crisis and its origins. It describes the various ways in which demand has increased, and thus how prices have increased. It also talks about how the market should respond to lower prices.
issaechl f09

Biofuel Production And Water Scarcity: A Drink-Or-Drive Issue? - 1 views

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    This article is about the opportunity cost of producing biofuels. When the amount of water needed to irrigate crops is factored in the average mileage is 50 gallons of water a mile.
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