Comments on: Ask Economics Question http://www.economicshelp.org/blog/help/ask-economics-question/ Economics Blog - current events and economics essays Thu, 11 Mar 2010 12:11:41 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Mustafa http://www.economicshelp.org/blog/help/ask-economics-question/comment-page-8/#comment-5674 Mustafa Fri, 05 Mar 2010 23:36:01 +0000 http://www.economicshelp.org/blog/help/ask-economics-question/#comment-5674 What is real money gap ? please explain with example What is real money gap ? please explain with example

]]> By: Chris http://www.economicshelp.org/blog/help/ask-economics-question/comment-page-8/#comment-5642 Chris Wed, 03 Mar 2010 01:30:48 +0000 http://www.economicshelp.org/blog/help/ask-economics-question/#comment-5642 What is the average annual salary of a Greek civil servant versus that of a British, German, US civil servant? Also, how do their vacations days, pension, retirement age, and health care coverage packages compare? What is the average annual salary of a Greek civil servant versus that of a British, German, US civil servant? Also, how do their vacations days, pension, retirement age, and health care coverage packages compare?

]]> By: CHARLES OK http://www.economicshelp.org/blog/help/ask-economics-question/comment-page-8/#comment-5634 CHARLES OK Tue, 02 Mar 2010 18:02:09 +0000 http://www.economicshelp.org/blog/help/ask-economics-question/#comment-5634 a man set up a school. The elasticity of demand is 0.5. you have decided at the board meeting that the school fees should be increased by 20%. What is the effect on total revenue? How does your answer change if the price elasticity is 2.75 or 1? a man set up a school. The elasticity of demand is 0.5. you have decided at the board meeting that the school fees should be increased by 20%. What is the effect on total revenue? How does your answer change if the price elasticity is 2.75 or 1?

]]> By: carolyn http://www.economicshelp.org/blog/help/ask-economics-question/comment-page-8/#comment-5633 carolyn Tue, 02 Mar 2010 17:43:25 +0000 http://www.economicshelp.org/blog/help/ask-economics-question/#comment-5633 I am takin economics 110 at clark state in ohio! I donot understand what is being taught to me. can or will someone help me? I am takin economics 110 at clark state in ohio! I donot understand what is being taught to me. can or will someone help me?

]]> By: carolyn http://www.economicshelp.org/blog/help/ask-economics-question/comment-page-8/#comment-5632 carolyn Tue, 02 Mar 2010 17:41:13 +0000 http://www.economicshelp.org/blog/help/ask-economics-question/#comment-5632 I have a few questions, If u were using fiscal policy and were the gov. What actions and why-would u take in the event of inflation? I have a few questions,
If u were using fiscal policy and were the gov. What actions and why-would u take in the event of inflation?

]]> By: Fiona Hughes http://www.economicshelp.org/blog/help/ask-economics-question/comment-page-8/#comment-5628 Fiona Hughes Mon, 01 Mar 2010 22:00:43 +0000 http://www.economicshelp.org/blog/help/ask-economics-question/#comment-5628 What happens to the efficient allocation between public and private goods as an economy becomes wealthier? What happens to the efficient allocation between public and private goods as an economy becomes wealthier?

]]> By: jessica http://www.economicshelp.org/blog/help/ask-economics-question/comment-page-8/#comment-5615 jessica Sat, 27 Feb 2010 20:28:34 +0000 http://www.economicshelp.org/blog/help/ask-economics-question/#comment-5615 Consider the market for pizza in a large city. Identify what happens to the equilibrium price, quantity, and total consumer expenditures after each of the following events listed below, assuming that pizza is a normal good and the price elasticity of demand for pizza is -1.20. Treat each event as independent of the others. Event 1: The price of labor goes up. Event 2: The number of pizza restaurants increases. Event 3: Consumer income rises. 4.1. For Event 1, the equilibrium price is expected to _______, the equilibrium quantity is expected to ______, and total consumer expenditures on pizza are expected to ________. A. Decrease; increase; increase B. Increase; decrease; decrease C. Increase; decrease; increase D. Decrease; decrease; decrease Consider the market for pizza in a large city. Identify what happens to the equilibrium price, quantity, and total consumer expenditures after each of the following events listed below, assuming that pizza is a normal good and the price elasticity of demand for pizza is -1.20. Treat each event as independent of the others.

Event 1: The price of labor goes up.

Event 2: The number of pizza restaurants increases.

Event 3: Consumer income rises.

4.1. For Event 1, the equilibrium price is expected to _______, the equilibrium quantity is expected to ______, and total consumer expenditures on pizza are expected to ________.

A. Decrease; increase; increase

B. Increase; decrease; decrease

C. Increase; decrease; increase

D. Decrease; decrease; decrease

]]> By: naseem khan afridi http://www.economicshelp.org/blog/help/ask-economics-question/comment-page-8/#comment-5606 naseem khan afridi Sat, 27 Feb 2010 06:06:33 +0000 http://www.economicshelp.org/blog/help/ask-economics-question/#comment-5606 debate about negative supply and negative demand if suppose occurred in an economy debate about negative supply and negative demand if suppose occurred in an economy

]]> By: Curiosity caterpillar http://www.economicshelp.org/blog/help/ask-economics-question/comment-page-8/#comment-5556 Curiosity caterpillar Sun, 21 Feb 2010 22:29:53 +0000 http://www.economicshelp.org/blog/help/ask-economics-question/#comment-5556 Is the recession an urgent wake up call? Does it have any possible positive effects for the future? Has it stopped a future catastrophe or is it the worst case scenario? Is the recession an urgent wake up call? Does it have any possible positive effects for the future? Has it stopped a future catastrophe or is it the worst case scenario?

]]> By: Curiosity caterpillar http://www.economicshelp.org/blog/help/ask-economics-question/comment-page-8/#comment-5555 Curiosity caterpillar Sun, 21 Feb 2010 22:27:23 +0000 http://www.economicshelp.org/blog/help/ask-economics-question/#comment-5555 Is the recession an urgent wake up call? Has it had any positive effect for the future and stopped any further catastrophe or was it the catastrophe itself? Is the recession an urgent wake up call? Has it had any positive effect for the future and stopped any further catastrophe or was it the catastrophe itself?

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