My suggestion is that people should never reason from a price change, but always start one step earlier—what caused the price to change. If oil prices fall because Saudi Arabia increases production, then that is bullish news. If oil prices fall because of falling AD in Europe, that might ...
We teach students in EC101 not to reason from a price change, but people don’t seem to get the message. What are we doing wrong? Is there any way to explain this that I haven’t yet tried? Lots of you commenters are closer to people with “average opinion” than I am. Some of ...
My suggestion is that people should never reason from a price change, but always start one step earlier—what caused the price to change. If oil prices fall because Saudi Arabia increases production, then that is bullish news. If oil prices fall because of falling AD in Europe, that might ...
Never Reason from a Price ChangeScott Sumner
1.It is useful to be able to predict the extent ___which a price change will affect supply and demand.A fromB withC to D for2.I've never been to Beijing,but it is the place ___A where I'd like to visitB I most want to visit3.It makes no difference ___we will share the...
A. Ready to serve us at any time. B. Far away from us. C. Out of our control. D. Necessary in our life. 【3】Which of the following is NOT the reason why people don’t like to travel by plane? A. The risk of losing life is higher by plane. B. Some people feel sick. C...
Daily analysis: You explore the patters: when do you smoke, and why. This will help you a lot in finding the problem areas in your life and fix them. No problem = no reason to smoke. Handle craving: You get methods of handling the craving which you will use over and over, delaying...
However, a more frustrating(更令人沮丧的) reason was that prosthetics were too expensive. My parents and I had looked into getting one a few years earlier, only to be discouraged by the prohibitive price. So, I concluded that I might not need one because I was managing well without. ...
3.Thepriceisnt___.Thatistosay,itisnt___priced.So reasonablereasonably Iwonttakeitforthis___.(reason) reason 4.Hedhavetobea___cookbecauseIhaveabsolutelyno competent ___inthatarea.(competence) competence 5.Thesalesmanagergavea___onthenewproductwherehe presentation ___somesuggestionsonhowtouse...
"But there's no reason to think that anything extraordinary will happen in the short term. The population is not at risk." Fortunately, nothing was happened during the last big eruption to these brave souls living on the side of a live volcano. ...