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Home/ IB Economics B/ Contents contributed and discussions participated by Christopher G

Contents contributed and discussions participated by Christopher G

Christopher G

CPI for confiscation of 'illegal' foreign accounts of Indians - 0 views

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    Wikileaks might choose to relase the names of people and firms in posession of "black, unaccounted money". If it chooses to do so the CPI will use this money for pubblic goods. This would greatly benefit the economy from a pubblic point of view and would also probably prevent people from creating illegal bank accounts to evade taxes in the future.
Christopher G

Price Control to help villagers afford food-PM - 1 views

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    Prime Minister Commodore Voreqe Bainimarama has chosen to lower the price of food so as to allow the villagers of Fiji. Still the price was left high enough to let businesses a good profit. This is a perfect example of price roof that doesn't have negative ripercussions on the market
Christopher G

China's rare earths - 1 views

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    The U.S. is pressuring China to take part to a trade of rare earths used for wind turbines or batteries. China refuses though because it must ensure that the resources they have are sufficent to cover the country's needsbefore thinkng of exporting. This indicates that the supply of rare earths is not sufficent in the countries that pressure China to export them. this concept can also be reconected to the idea of scarcity.
Christopher G

£1 for an album? That's not a bargain, it's an insult - 0 views

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    Rob Dickins, former major-label boss, has sugested to slash the price of CDs to 1 puond each so as to increase the damnd for that product. The main competition of the CD industry is music piracy and downloading it for free from the internet. Cutting down the price of CDs is not the solution because, however small the price might be, it would still be more expensive than downloading it for free. Secondly, reducing the price so drastically for such a product, other than it being an insult to producers and musicians, means a very high production cost, for very low retribution.
Christopher G

Graphene - 0 views

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    Andrei Geim and Konstantin Novoselov won the nobel prize for their researches on graphene. Graphene is a new material that derives from Graphite (the inside of pencils) and it turns out to be the best heat conductor available and to be able to conduct electricity as fast as copper. Its uses are almost infinte and they predict that it might take the place of silicon for faster computers in the future.\nHaving to deal with scarcity people find clever ways to go about with what is available to them, and often by inventing new things, in this case *Graphene*, we can make better use of resources and avoid wastes of other, less efficent, materials.
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