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Economy Questions and Answers (Q&A)

Tclea
Answered: Oct 26, 2020
A decrease in the price of a complementary good

1 Answer

534 views
John Smith
Answered: Oct 26, 2020
How does a consumer decide how many tacos to consume?

1 Answer

441 views
C. Reyes
Answered: May 09, 2018
This answer would be all about perspective and hence, opinions of people may vary. So let us answer this question from the perspective of a business with unlimited liability. Firstly, there are...Read More

1 Answer

316 views
Patricia Allison
Answered: Mar 13, 2018
An aging and slow growing population can have very negative effects on a country's economy. Japan is a great example of this type of effect. As the population ages, elderly citizens require more...Read More

1 Answer

246 views
Patricia Allison
Answered: Mar 13, 2018
There are two main reasons why the government cannot just print more money to make everyone rich. The first reason is that there used to be a gold standard, meaning that for every dollar in the...Read More

1 Answer

225 views
Patricia Allison
Answered: Mar 13, 2018
A full employment U.S. economy would be nearly impossible to reach. I think we could get within a percent or two, but zero unemployment would be an unrealistic goal. In theory, if every person in...Read More

1 Answer

222 views
Patricia Allison
Answered: Mar 13, 2018
I do not think Donald Trump’s face will ever appear on US currency. First of all, there will not likely be new denominations of currency printed in the foreseeable future, and the faces on...Read More

1 Answer

220 views
Robert Hazlewood, Senior Executive
Answered: Aug 27, 2019
Flying on an airplane can be both enjoyable and relaxing or problematic and annoying. It depends on where you sit and who you sit next to. Most people who fly first class or business class,...Read More

2 Answers

219 views
Patricia Allison
Answered: Mar 13, 2018
Inflation can be impacted by foreign trade if a country with significant economic power pulls out of major trade agreements or investments due to politics, natural disasters, or economic turmoil....Read More

1 Answer

216 views
Patricia Allison
Answered: Mar 13, 2018
The people in China who are poor experience poverty differently than the people who are poor in America experience poverty because each country has different policies and social service systems....Read More

1 Answer

215 views
C. Block, English Professor
Answered: Aug 28, 2019
There are so many differences between communism and capitalism, which must be clearly understood. Communism and capitalism differ in their approach as regards both political and economic ideology...Read More

2 Answers

213 views
Patricia Allison
Answered: Mar 13, 2018
Purchasing Power Parity, or PPP, is the idea that a country's purchasing power is directly related to the exchange rate of their currency. Gross Domestic Product, or GDP, is a broader economic...Read More

1 Answer

213 views
Patricia Allison
Answered: Mar 13, 2018
The theory of an endogenous money supply is based on the idea that money is generated in an economy based on the needs of that economy. The banking systems then adapt the short term interest...Read More

1 Answer

212 views
Patricia Allison
Answered: Mar 13, 2018
There are many challenges facing the global economy. Certain events will put the global economy at risk. Man-made financial events such as increasing interest rates can impact the global economy...Read More

1 Answer

210 views
Patricia Allison
Answered: Mar 13, 2018
There are several reasons for the economic upturn in the United States since 2016. One reason is that the economy has been in an upswing as it is recovering from the recession in 2008. In the 8...Read More

1 Answer

208 views
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