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Government-imposed shutdowns, like those announced by France and Spain this weekend, do come with some worker protections. But small businesses will probably struggle to keep paying employees beyond any guaranteed sick days, particularly those in retail or other sectors that cannot work from home. ...
KW: “Does Keith Weiner use the term “intrinsic value” to describe gold?” GPT: “Yes, Keith Weiner, an economist and proponent of the gold standard, uses the term “intrinsic value” to describe gold. He argues that gold possesses intrinsic value due to its unique physical properties, s...
What is "price support" as it relates to business and economics? Define the term financial crisis. What are the opportunity costs of not including the cost of negative externalities in prices? What is a "sunk costs" argument? How do you defend against it?
The pandemic has forced a near-term shutdown of much economic activity. Although people often casually attribute this to government lockdowns, much of the economic contraction came from private decisions rather than government restrictions. After being made aware of the dangers posed by the virus,...
On Thursday, Beijing reported 21 new cases of Covid-19, down slightly from the 31 reported on Wednesday. There were two additional cases in Hebei province that were also linked to the Beijing cluster. The city on Thursday ordered all hotels be shut down, as well as restaurants in high-ris...
The Week Ahead in Economics: More Government Shutdown PoliticsUntil the government is funded and the debt ceiling is raised,Congress will be the center of...Lawler, Joseph
executive chef and co-owner Steven Satterfield can't hire fast enough to keep up with the sudden onslaught of business after months of struggle due to pandemic-triggered shutdowns. "It's a little unnerving because it just kind of came on really suddenly over the last several weeks," he sa...
The latest big-picture data on pay growth looks “generally subdued,” according to a Capital Economics analysis of the 19 countries that use the euro, the United Kingdom and the United States. But Goldman Sachs predicts pressure will increase slightly “in the near term.” ...