Group items tagged

Recent floods and Cyclone Yasi in Australia damaged Queensland's coal and agriculture industries, reducing the country's real level of output therefore adversely affecting its economic growth. This could make the economy contract for the first time since the global financial crisis. Furthermore, The damage to agriculture industries is expected to cause a spike in food prices increase inflation over the next few months.

This is a NYT editorial article written in June addressing the issue of a looming trend of protectionism. The big trading nations' patience with the open market is wearing thin with the sluggish economic recovery. However, it is crucial that the world stays committed to the game with a sense of common purpose to survive the economic crisis. Protectionism brings disruptions of the international supply chains and reduce economic activity.

This is an article that talks about how the silver demand is rising because of the economic crisis and the general want to invest in safer values such as precious metals. That's why silver price is rising.

Silver has became a precious resource that only a few of lucky people can have. Its demand has rise due to the fact the economic crisis has affected a lot people's economic prospectives. Therefore, the prices have increased and this is producing others to invest more in metal than silver.

While the economic definition of 'scarcity' may seem obscure to this particular scenario, on closer inspection we find that the definition of 'unlimited needs/wants but limited resources' can indeed be applied to the scarcity of jobs as a result of the recession. The 'want' in this case is labour seeking employment and the limited resource is the relative liquidity of business. While this article is generally about foreclosure and its effect on the economy, I feel it demonstrates a highly relevant application of economic scarcity in the current environment.

I totally agree with you and the website. Jobs are also a scarcity problem. Because resources cannot be limited (some maybe not), but jobs is definitively limited, due to the fact, there are not enough jobs for everyone. Day by day, people are suffering more to find jobs, due to the amount of people trying to get them. Popularity in the world is increasing greatly, jobs is not so much; therefore, jobs is a scarce "good".

Jobs are the main scarcity problem in my country and I think it's a huge problem for the world too. Like resources, there are limited amount of jobs for the people and sometimes adults stay jobless. As the world's population increases, number of unemplyed people increases too. When there was an economic crisis in the world, many poeple were fired from their jobs.

This article talks about how rise in sugar prices affected the demand and prices of candies. It is a great article to write an IA on, because it is possible to create graphs for it and there aren't any economic terminology that we haven't learned. It's too long, but I will cut it down.

This article talks about how a keynesian approach to an economic matter may be radically opposed to the point of view of a classicist; concretely about the japanese crisis, consequence of the earthquake and tsunami of the past month

The article discuss how despite the world wide economic crisis, Coca-Cola is able to not only stay afloat but they have manage to increase the net income in the US and around most of the world. Demand for Coca-Cola will remain stable or grow despite the world economy.