Group items tagged

This article is about the new iPhone 5 and how a large number of people are doing a pre-order. This article puts together rational behavior and what people choose to buy with their money, therefore a choice of products. I think this article is interesting, as it is a clear example of rational behavior in Economics and how Apple did a good job in predicting what people want to buy and are interested in.

This article talks about the trade deficit in Japan due to imports of smartphones, the recent earthquake and the consequences of nuclear energy. The trade deficit happened due to numerous numbers of imports against exports. Since Japan's nuclear energy accident, Japan switched to thermal generators and needed/still need to import fossil fuels, which is taking a big part in the trade deficit. In addition, the gadget industry is focusing on smart phones, and this is causing the massive imports of iPhone's and Android's to Japan impacting the market and the people. Also, after the earthquake of 2010, there has been a recover, but not to the level Japan needs to overcome the trade deficit.