There are many jokes about economists disagreeing about economic issues, particularly due to the historical debate between schools. As time passed, schools have merged into mainstream economics and the debate is far more nuanced.
外围体育投注We still have many discussions and points of discord. But, in your area of specialization, what would be topics that are agreed upon?
外围体育投注Price Controls create efficiency losses and scarcity. Thus, are generally bad for an economy.
Rent controls: ibid.
Multiple exchange rates cause multiple distortions and corruption.
外围体育投注Tariffs are terrible -same as price controls.
If anyone disagrees with that list, it would be interesting if you can reference literature for me to check out. Thank you!
I'm completely new to microeconomics concepts and have been studying for a few months or so. I have this assignment due about the analysis of an industry. From what I see, this industry is of an oligopolistic market structure. My assignment wants the demand an supply analysis, which I am confused about because I can't understand how a imperfect market structure can be represented in a supply curve, so am i just supposed to draw a supply curve or is there not supply curve?Secondly, should my market equilibrium's demand curve be kinked, considering its oligopolistic nature?
Im really thankful for any reply or help i can get! If anyone would be kind enough, would you help tutor me a little bit?
Sorry if this is an ignorant question, I’m not well versed on monetary theory or policy - particularly as it pertains to the value of fiat currency vs. backed currency. As carbon capture technologies grow more viable, could currency feasibly be backed with units of captured atmospheric carbon?
Similarly, would carbon credits conceivably be able to effectively back currency, especially with the potential introduction of future carbon taxes and cap-and-trade policies?
So my question is, in Spain costs of living have increased due to the entry in the EuroZone and have got closer to the richer countries.
Meanwhile the wages have also increased but not to the point of covering these new costs, as the medium wage in Germany is twice the Spanish but the living costs of living are similar now
In theory as new methods of production and technologies have allowed to produce consumption products cheaper, these should be cheaper also in order for the companies to get more clients due to competition, but it hasn't been the case as far as I know. Even with inflation living costs should be lower than they are.
Anyone could guide me a little in this question?
Let's take a dog food company for example. It's very unlikely that all of their factories producing at 100% will not either result in a shortage or surplus of dog food. Would this mean that they always have at least one factory that produces inefficiently?
外围体育投注If you have two factories and they can only supply 95% of the demand for your product, then do companies build another super unproductive factory that only supplies that last 5%, or do they allow a shortage?
外围体育投注Maybe for dog food they could build smaller supplementary facilities, but for many industries it surely impossible to build scaled down facilities without disrupting the economies of scale of the streamlining of your manufacturing process?
Is economics the right sub for this btw?
Edit: maybe you run the extra facility at 100% capacity for a while to build up a stockpile, and then you can shut it down for a length of time and just cover the shortfall in production with that stockpile?
Also if you're running a 2% production deficit maybe it's not even worth investing in new facilities. Is there a general number where most companies decide to expand?