Group items tagged

This article is about how the Argentinian government is protecting the domestic production of BlackBerrys in order to "cut foreigners' share of Argentina's mobile-phone market". Even though this seems to be a valid case of protectionism, it will "cost $23m upfront, plus $4,500-5,000 a month per worker, some 15 times more than in Asia". This is because Asian laborers and factories have already perfected the production of cell phones. They have the 'factor endowment' in the production of cell phones. This is because to start a factory in Asia, the price is already low. Also the labor is cheap and skilled. The start up price for this endeavor is already going to be $23m, they will also have to train the workers and pay them more than they would if the Argentinian companies outsourced the production to Asia. Another problem with the domestic production of cell phones in Argentina is that Argentina, at this moment, is not known for their production of cell phones. They are not a place in which companies like Motorola or Nokia look for to manufacture their products.  Argentina could do this but it will take them a long time before they clean of their capital debt. In the short run, they will not make any money but nobody knows for sure what the long run has in store for this unorthodox market. In my opinion, Argentina should focus its money on something that will be profitable not only in the long run but also in the short run. This is possible. Argentina has a factor endowment, its tourism. It does not take that much money and effort to increase the amount of tourism in a country that is obviously beautiful and worth seeing. Even if they were not to invest in tourism, they could focus on, for instance, the exporting of more beef or fish. These are things that people already are accustomed to getting from Argentina. It all bundles down to this: when you think about Japanese production, you think cars and phones. When you think about Argentinian production, you

This article talks about how Australia has experienced a fall in their terms of trade at the end of 2011 (last year), and it is the first time since 2010. This occurred due to an increase in import expenditures and a slight fall in export prices.

This article is about Iraq reserving around 143 billion barrels of oil and I believe that this article is very relevant to the topic scarcity as oil is a scarce resource in this world and yet people use them without caution. Soon enough, all the oil will be gone for people to use and we will have to use an alternative source, something renewable to provide energy for ourselves.

Oil in my opinion is one of the best examples for scarcity and in the article you chose it clearly explains it. We all hope that in a near future all of the alternatives are in use instead of the little bit of oil that's missing.

I agree with you guys. Oil is a great example for scarcity. If it did not, people would not make war in order to get that. Thousands of innocent people would not die. I hope in the future there will be some altarnetive sources in order to stop these stupid wars.

"Sewing Her Way Out of Poverty" has become a popular and successful strategy for women around the world thanks to the social effect of microfinance. Nicholas D. Kristof (column, Sept. 15) has reminded us of the enormous benefits of small, income-generating loans to primarily poor women.

This article discusses China's income distribution gap. It also relates to the methods used and the dishonesty China has presented previously. Philosophically, there should be no income gap because of the basic concepts of communism, but this is not the case.

Poverty and hunger are problems that many Americans relegate to the Third World. But the steady growth of poverty has left millions of American families afraid they won't have enough money to put food on the table.

This column recounts the limits placed on China's growth by scarce natural resources, concluding "that the planet simply cannot sustain a population of China's size joining the west in its reckless consumption."

In this article we can unfortunately see that there is a big problem about scarce resources in China. "only 1 per cent of air is fit to breathe", "...such is the scarcity of water." " the planet simply cannot sustain a population of China's size joining the west in its reckless consumption" but China has a right to live like western countries. Unfairly, all these problems came out because of China's population in the article. I was not know these things about China.

the high demands of iPhones couldn't be fulfilled as the supply is too low for all the consumemrs.

This article is about the supply of gas, the demand for gas and the prices of gas. The article also mention the possible effects of the price changes in ethanol and crude on gas prices. According to the changes in ethanol and crude, the responsiveness of demand for gas can be observed.

This article is about a firm growing or increasing in size, as stated in the headline/title of this article. The firm that is talked about in this article provides goods and products to other multi-billion dollar firms. The growth of a business may cause the economies of scale or diseconomies of scale to rise.

This is a form of price discrimination as prices of oil are increasing even if the supply of oil is increasing. And the suppliers able to do this and still earn profit as oil is an inelastic good and a necessity. However the suppliers do not have to worry about reducing the price of oil as the demand for oil would not become elastic (at least for now and a long time).

This is not really an example of price discrimination as consumers are not separated in different groups and prices are not different for different consumers.

This article is about Shanghai (China) setting a record of having the average life expectancy up to 82.13 years of age from a previous record of 81.73 years of age. It is also said in the article that the mortality rate of infants, and adults have both decreased.

World leaders have warned of a new wave of protectionism, hampering international trade and destroying jobs.

Mercosur is South America's leading trading bloc. Known as the Common Market of the South, it aims to bring about the free movement of goods, capital, services and people among its member states.

This article mentions the effect of different terms of trade between various countries on the outcome of the eurozone.

The Federal Bank wishes to devalue the dollar by 33% over the next 20 years to put Obama's "American Production Power House" idea under way. Obama wants to make America the major exporter that it was in the 1920's but he is kind of cheating. Instead of devaluing the dollar to make exports more attractive, why not create avenues for  entrepreneurship?

The Monetary Policy of Turkey's Central Bank meet is meeting to discuss the depreciation of Turkish lira.

This article is based on the scarcity of the food. The article gives data about the poverty rates of the world. The article judges that who should be responsible for the poverty.

we should all be responsible as the resources is limited and it's close to impossible to full fill everybody's needs and wants.

Seeing people death because of the starvation make me really upset. But I am afraid, it does not make many people in the world. If it made, something would change. I agree with you Tiffany, we should be all responsible about that. But the countries which exploited the country of that poor people should be more responsible and should not act nothing happened. They cannot ignore the situation.

This article does not directly relate to the topic "prices" but it does in the sense that people are spending a lot of money to create something that would be helpful to the world, but in the end, having little or no effect. In the end, I believe that people who spend money in some sort of a company, only aims for the marketing part to earn money regardless of the amount of resources they use.

The new article is about hte cross-price elasticity of demand is used to see how sensitive the demand for a good is to a price change of another good.

Ozge, this bookmark is not a news article but a revision material which would be useful to include in the wiki study guide. Bookmarks should be 'raw' news articles from the web that will give students the opportunity to use learned concepts to analyse in future blog activities.