Why do surpluses drive prices down while shortages drive prices up? Why might industry's costs decrease over the long run? Using the concept of elasticity, explain why producers advertise their products. Why is it important for retailers to understand the concept of price elasticity even if they...
Why do shortages and surpluses in a market occur? Why do economies of scale often result in monopolistic or oligopolistic markets? Explain why might government want to intervene in the market. Give three examples and explain the rationale for each. ...
with pundits claiming that China has slipped into a balance sheet recession, its demographic dividends have disappeared, or the Chinese economy has peaked. China indeed faces complicated economic scenarios, but these factors do not signal an economi...
Thus, just as urbanisation played a crucial role in the absorption of capital surpluses (Harvey, 2008), metropolitanisation currently favours further devolution towards governing self- responsibility at different urban scales and within different boundaries than the established "nation-states", whether ...
The point is that there is nothing in the Asian savings glut hypothesis that requires that all trade imbalances occur at a bilateral level and only between the participating countries – that the deficit/surplus imbalances occur between the US and Asia. It only requires that the US, as the eq...
Also, in a model where taxation would be included in the form of income taxes (instead of, or in addition to, lump sum taxes), the adjustment of the budget deficit would occur not only through deliberate reductions in public expenses (mirroring the absorption of the private sector surplus) ...
fluctuations caused by scarcity and gluts of essential foods; and the International Trade Organization. Such institutions could have balanced the tension between national regulation in pursuit of food sovereignty and trade policies to dispose of food surpluses under liberal trade policies (Friedmann,1990...
(Fishkin, 2009;Filibi et al., 2011). Thus, just as urbanisation played a crucial role in the absorption of capital surpluses (Harvey, 2008), metropolitanisation currently favours further devolution towards governing self-responsibility at different urban scales and within different boundaries than ...
TheLondon Metals Exchange (LME)keeps track of global stock levels for zinc and other industrial metals. Traders follow these inventory levels closely for clues about supply shortages or surpluses. If inventory levels drop, the market may be facing a shortage of zinc supply in the near future. ...
tighten fiscal policy, even though the external consequence of such a common policy combination is clear. I will actually aggravate the external surpluses that you have just been talking about are causing these spillover effects. I want you to address very specifically, is the IMF getting it wr...