Turkey

Hey guys can someone please make the answer into a paragraph? I really need this. I will give that best answer.

Thanks

conversations lead to win-win situations and synergies. Those two lead to better development and a better economical situation even though it may cause discussions.
The same reason why four hands can do more than 2 and great minds think alike:)

Hey guys I really need some help. I need to make a paragraph out of this. If someone who could please be kind enough to help me out with this question. I would be very happy. Thanks.

Conservation is the foundation for development.
Regardless of how progressive someone or something is, it needs to be based on a solid principle.
Radical revolutionary systems do not work.
In general, people are conservative and hang on to what they know and trust.

what should i write

The cost of all the bombs being dropped as compared to the amount of casualties cause initially is high, but then after the bombs meet their purpose and you are dropping more or the same amount of bombs there are less people to kill.

Think of it this way, as it is over time. Say a bomb is 100 dollars.

Year 1 - 100 bombs = 10,000 dead - 1 dollar per death

Year 2 - 100 bombs = 8,000 dead - 1.25$ a death

Year 3 - 100 bombs = 1,000 dead - 10 dollars a death

I am making up these statistics, but the principle remains. While using the same amount of bombs the return eventually decreases as people get the product and no longer need it, in this case a bomb causing death. Assuming people can only die once.

1. In an economy relying on central planning, resources are allocated according to:
A. current production capacity B. consumer demand C. the price mechanism D. national economic goals and objectives

2. Which of the following best describes events in the global economy since 2000?
A for the first time in the century, the global economy had no major crises anywhere in the world. B. there was a worldwide crisis of confidence in market systems.
C. Many less-developed nations began looking toward market systems as the preferred method of promoting economic growth.
D. the popularity of economic growth declined.

THANKS!

D. national economic goals and objectives

B. there was a worldwide crisis of confidence in market systems.
C. Many less-developed nations began looking toward market systems as the preferred method of promoting economic growth.

They both are goods answers, the growth of China and other eastern countries from a centrally planned economy to a market system has revolutionized the way business is done
While the stock market saw 2 major bubles burst with the dot-com in 2001 and the property bubble in late 2007, after people realised what was going on in these areas.

My guess would be that the effects are concentrated, contained, and unlikely to influence global economies a big way. Here are some thoughts:

1. Dubai World is no Lehman Brothers. It is not in the business of trafficking in money, and, so, its life-or-death is less likely to have ‘downstream’ consequences. Instead, its businesses revolve around two areas: that of developing residential and lodging-related real estate around Dubai, and that of providing transportation and docking services to good flowing through the Persian Gulf. This makes Dubai vulnerable to large downturns in Arabian real estate (a fact which has brought it to its knees) and Middle Eastern trade, not the credibility of large institutions. The outstanding debt of Dubai World and its subsidiaries totals to about 60 billion USD, of which about 25 billion USD is directly linked to its bad businesses (of real estate). This pales in comparison to Lehman’s 600+ billion USD owed, AIG’s hundreds of billions of insurance policies written, Northern Rock’s hundreds of billions of deposits, all of which were distributed across the globe. The risk of these institutions going under is that their lenders, policyholders, and depositors lose all of their money (or cannot get their money back for years as the bankruptcy slowly proceeds through the court system). Their creditors are spread across world economies and likely play pivotal roles in them. A cascading credit failure would have grave global consequences. On the other hand, Dubai World’s creditors are both less numerous (UAE Central Bank, Abu Dhabi banks, and some UK banks), and the risk of loss DW poses is much smaller for these creditors, totaling at most 60 or so billion USD.

2. Dubai World has potentially powerful backers. Dubai World is largely owned by the Al Maktoum family, the ruling family of Dubai. Most of Dubai’s other large-scale enterprises are likewise owned by the Al Maktoum family as well. Dubai World has the ability to raise capital from its owners to pay off its debt. Not all of Dubai’s businesses are ailing, and its ruling family may be able to indirectly divert profits from other businesses (in the form of equity or dividend payments to the ruling family) to Dubai World. Beyond this, other emirates in the UAE (e.g., Abu Dhabi) may inject capital into Dubai World or may guarantee Dubai World’s debt in order to keep investors from deserting UAE enterprises altogether. The likelihood of this has thinned over the past week, with the Central Bank of UAE guaranteeing to provide liquidity for its member banks - that is, mostly Abu Dhabi banks - should their depositors have second thoughts (these banks having about 5 billion USD, maybe more, of exposure to Dubai World). However, it remains a distinct possibility. UAE’s stock markets plummeted the day after Dubai World’s announcement, but has so far staged a come-back. Should this situation reverse, UAE’s (that is, Abu Dhabi’s) ruling family, Al Nahyan, may decide that bailing out Dubai’s overzealous building and overleveraged balance sheet helps its own interests (a stronger role in UAE, returning investors to Abu Dhabi) more than the cost of the bail-out. With a GDP in the mid-200 billion USD range, about 70 billion of which comes from oil revenues alone, and a total debt load of only 120 billion USD (90 billion of which are issued by Dubai-related companies), the UAE government (that is, Al Nahyan) is more than equipped to step in.

3. Dubai World’s problems are nothing new. It was well-publicized that Dubai’s real estate markets have plummeted about 50% from its 2008 peak, on par with the worst housing markets in America (e.g., Las Vegas, Los Angeles). And Dubai’s authorities have been working since the beginning of the year to work out the hole it has dug for itself by overdeveloping its sandy shores. In February it sought to raise 20 billion USD of debt, 10 billion of which was immediately granted by UAE Central Bank, and another 10 billion of which would come from other banks in Abu Dhabi. It has formed an agency to work out the situation and replaced its leaders on more than one occasion. A declaration of debt moratorium, while coming as a surprise, was less like a rocket taking off and more like another (albeit large) step down a deep hole.

4. Exposure to UAE markets as a whole is limited. If the emirates stop working tomorrow, its major trade partners would likely experience a short-term lull; these are Japan, South Korea, and India. If its debt completely defaults with no recovery, its major creditors - UK and French banks - would likely report another loss, well-publicized and well-contained. UAE entities may be forced to liquidate assets; this would likely exert downward pressure on energy and upward pressure on transport costs. But to the tune of single percentage points.

It may be more apt to compare Dubai World to CIT and Las Vegas instead of to Lehman, AIG, and the Austrian

At the moment

A little overblown. In terms of impact to unemployment and output, we are in the worst recession since the Great Depression, however the difference is a matter of kind rather than a matter of degrees.

The Great Depression involved not only a stock market crash (and we’re talking values dropping to pennies on the dollar) but also substantial output cuts, massive crop failures and unemployment approaching 1 in 4.

Currently, we have a recovering stock market, drops in output that are recovering, and no shocks in basic commodities other than gold. The gold shock is driven entirely by demand - not for production, but for speculation. In other words, gold is the next bubble, fortunately it is self-limiting. When gold gets too expensive, manufacturers seek alternatives for products such as cell phones, and gold becomes more purely speculative.

What do you think? If the price of oil skyrockets and economic collapse ensues, will my ECON degree be worth anything? Some Peak-Oil activists have told me that since Peak Oil is approaching, my degree will be worthless and I am better off dropping out of college and taking up a trade. What careers could a Economics major pursue in a Post-Peak Oil world?

The price and availability of oil is irrelevant to the worthiness of an ECON degree. The ideas of economics and finance will be there until mankind as a species dies off completely. Did you think we’d return to the barter system? Even then, economics would remain important.

The people who are telling you this have other reasons for telling you this crap besides caring for your best interest.
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1. Some people argue that air is not an economic good. do you agree or not please explain i want to know.
2. and why will studying economics not tell you whether a possible solution to a problem is either good or bad?

it was, in Cochambamba, Bolivia.
The World Bank gave the city a loan for privatization of the city’s water supply on the condition that the water distribution industry be privatized.
Due to the government’s weak position, they were forced to agree to ridiculous terms, including that precipitation collected on rooftops also belonged to the international firm now in control of all water within the city.
(I know it’s a bit of a stretch, but air is about 1% water vapor)

2) economics cannot tell you whether or not a ’solution’ is good or bad. Economic theory (emphasis on theory) is used to rationalize mistakes and justification for policies that benefit the wealthy.

Yes. Go to google and get a world events in your inbox twice a day or more.
Also Yahoo personal page. It will give you world events anytime.

I am a student now and I am thinking of taking up Business Economics as my Major. But I am not sure if I will be successful in looking for a job in the future if this will be my course…

It is a good Major especially if you can take out a few years of work and then go for a Masters in Economics, Management etc. That way you position yourself for more opportunities. Remember however, that no one will hand you a high paying job just like that. You have to study the market, network, be broad minded, get the experience and work very hard. Good luck.