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Economic Theory Answers

What good is economic theory if it can t predict the behavior of a specific individual?
Q. What good is economic theory if it can t predict the behavior of a specific individual?
Asked by AMBER F - Mon Nov 30 01:20:57 2009 - Economics - 5 Answers - Comments

A. Economic theory are past considerations or after a crisis had happened. You need to observe and see how a individual will behave.
Answered by Eddy T - Mon Nov 30 02:54:18 2009

What good is economic theory if it can t predict anybody s behavior?
Q. Please give a very reasonable answer... help me do this homework.. Thank you so much for all who will answer in advance.. Have a great day... I believe everyone hear is very educated
Asked by - Tue Aug 9 12:28:48 2011 - Economics - 3 Answers - Comments

A. It helps us understand what systems are the best for producing wealth and prosperity. When good economic behavior gets rewarded it normally gets repeated and spreads to other people...
Answered by - Tue Aug 9 20:12:10 2011

What movie contains Economic theory?
Q. I am required to relate a movie to an economic theory for a high school economics class. It has to be backed up with evidence from the film. If anyone could help me think of a movie that relates abstractly to supply and demand, cost and benefit, etc, that would be extremely helpful!
Asked by - Wed Mar 16 10:43:56 2011 - Economics - 3 Answers - Comments

A. Trading Places Stalag 17
Answered by - Wed Mar 16 10:45:14 2011

economic theory?
Q.
Asked by parimal p - Fri Apr 20 23:26:29 2007 - Homework Help - 1 Answers - Comments

A. What about it? You didn't specify your question.
Answered by Meklar - Fri Apr 20 23:28:49 2007

Do you believe the Marist's economic theory and predictions about capitalism is now correct?
Q. Karl Marx introduced his theory of capitalism and died before seeing his predictions pay off. World wide, economies are collapsing. Why do we keep going in a destructive path toward annihilation? Greed relies on capitalism, capitalism relies on consumers, consumers rely on jobs, jobs relies on capitalists, capitalists rely on cutting down employee expenses (jobs or pay), so aren't capitalists cutting their own throat?
Asked by peggy m - Wed Mar 11 00:26:15 2009 - Economics - 1 Answers - Comments

A. Capitalism itself is not the problem, its those that exploit it like the greedy bankers and thugs on Wall Street. Marx believed that just as capitalism replaced feudalism, communism will in its turn replace capitalism and lead to a stateless, classless society.
Answered by $so fresh so clean$ (3 for 3) - Wed Mar 11 00:43:17 2009

Economic Theories: Is there any theory regarding a misuse of natural resources such as water?
Q. I am writing an economics paper on how khat cultivation in Yemen hinders economic development. Khat is a drug that requires a lot of water in a very arid nation. Along with being non-exportable, Yemen is forced to import foodstuffs that it does not grow in place of khat. Is there any specific economic theory that backs up my belief that the misuse of water resources hinders development. Your thoughts are appreciated.
Asked by - Mon Sep 26 18:42:52 2011 - Economics - 1 Answers - Comments

A. Plenty. And plenty of experience too. In the U.S. subsidized water is being used by farmers to grow thirsty crops that wouldn't be cost effective if they really had to pay for the water. Elsewhere:
Answered by simplicitus - Tue Sep 27 00:43:15 2011

Did the Democrats admit the trickle down economic theory when they voted to bail out Wall Street fat cats?
Q. Seems to me that if they accepted the idea that an economic failure of rich Wall Street fat cats would affect us on Main Street, then they are also admitting that a tax break for the rich would also affect us. FYI I think the bail out is Absolutely ludicrous.
Asked by justice - Sat Oct 4 15:32:38 2008 - Other - Politics & Government - 6 Answers - Comments

A. Bush is a republican, it is his Idea to bail out the Fat Cats. yes it's ludicrous
Answered by spiritwalker - Sat Oct 4 15:36:23 2008

Does treating corporations like individuals fall into the economic theory of corporatism?
Q. 'The fascist economic theory corporatism called for organizing each of the major sectors of industry, agriculture, the professions, and the arts into state- or management-controlled trade unions and employer associations, or corporations, each of which would negotiate labour contracts and working conditions and represent the general interests of their professions in a larger assembly of corporations, or corporatist parliament. Corporatist institutions would replace all independent organizations of workers and employers, and the corporatist parliament would replace, or at least exist alongside, traditional representative and legislative bodies.' Doing so would give the corporatist parliament say-so in the countries dealings wouldn't it?
Asked by - Tue Aug 23 00:51:55 2011 - Politics - 4 Answers - Comments

A. With all the corporate lobbyists in Washington, we already have a "corporatist parliament." We call it Congress!
Answered by Galacto - Tue Aug 23 01:00:02 2011

What would be the most effective theory of economic growth and development nowadays?
Q. Now that we're currently experience a world economic crisis, what'll be the most effective theory to be applied? Or, if you think that nothing's really effective, what'll be your own theory?
Asked by byzantine_ottoman_06 - Sat Jan 3 09:57:31 2009 - Economics - 1 Answers - Comments

A. Who knows? The Austrian School thinks that there is nothing we can do and that anything we try is likely to make things worse down the road. The Monetarists think that just pumping money into the economy would be enough, even though that clearly hasn't been working. The neo-Keynesians are advocating massive fiscal policy stimulus along the lines that Obama has been advocating. As for "effective", one element is where do you want to end up? "Back to normal" means trying to maintain continuous economic growth and development with its greater use of limited resources (not just oil and gas, but arable land, forests, minerals, etc.) But even if we succeed in getting there for a short while, that is an inherently unstable… [cont.]
Answered by simplicitus - Tue Jan 6 21:02:05 2009

What are Karl Marx's and Adam Smith's economic theory?
Q. All I need to know is what were their economic theory. And was their theory accepted or not?
Asked by Thy RaVeN - Sun Dec 9 01:03:39 2007 - Economics - 6 Answers - Comments

A. Adam smith attacked mercantilism and advocated free trade. He believed that gold and silver was not the source of a nation's true wealth and that labor -- the labor of farmers, artisans, and merchants -- constituted the true wealth of a nation. Also advocated a laissez-faire economy. His theory must have been accepted because it laid the foundation for what became known as economic liberalism
Answered by clariXxPrincess - Sun Dec 9 01:17:16 2007

Is Keynesian Economic theory a good theory?
Q. How many of you out there that know a lot more about the economy that I do think Keynesian Theory is a good theory? I know you can't have economic dogma but has there been a time when Keynesian Theory has worked? It seems to me that logically Keynesian Theory would only lead to more debt.
Asked by t - Sat Nov 21 19:39:46 2009 - Economics - 4 Answers - 1 Comments

A. Until Keynes, economists were primarily viewed as protectors of the nation's long term fiscal and monetary stability. Politicians turned to them when seeking advice on the long term implications of the policies they were considering. Keynes changed all of that by repackaging old ideas of Mercantilism into the "New Economics." For starters, he had a life long affinity for networking. His list of politically connected international acquaintances would make any modern politician jealous. Secondly, his ability to argue was unmatched. He could sell any idea, defend any premise, and embarrass any competitor who confronted him with witty, deliberate, and often factually incorrect statements that would go unevaluated until long after the… [cont.]
Answered by mtlmnr49 - Mon Nov 23 16:29:35 2009

Evidence found that has proved an economic theory wrong?
Q. I would like an example where someone/economist has found evidence/data that proved an economics theory wrong. I dont want a detailed example, like 2-3 sentences. About the theory 1 sentence and the other explaining how it has been falsified
Asked by watsup - Wed Feb 16 12:02:01 2011 - Economics - 3 Answers - Comments

A. Say's Law says that the supply creates its own Demand proved to be wrong as it is not able to explain why there is over production in the economy
Answered by vethuvettu - Wed Feb 16 12:21:26 2011

Why is it that economic theory views humans as objects?
Q. Under it it seems all a human is is something that owns things, uses things, makes things, or brings new resources into the system. I can't find anything that actually has to do with humans being humans. It seems that humans are just points of ownership and change, almost nonexistent in the system. The viewed reality is almost only on commodities and money, making humans discardable things to be laid off if they aren't efficient enough. I'm just sickened by the way you end up thinking if the only thing you think through is it. It also assumes equal information, and that humans are invincible. That they can't get sick, and thereby discarded as they did when the system first really took off. But how did it morph into a theory that doesn't… [cont.]
Asked by Kaleidescope - Thu Jan 28 22:08:39 2010 - Other - Business & Finance - 1 Answers - Comments

A. As a graduate in economics, I can totally understand your feelings. Unfortunately it's worse than you think, because what you are describing is not economics, which just attempts (with indifferent ability) to describe the behaviour of people in the world, particularly who gets what, but capitalism. And since the only rule of captialism is, "there are no rules", what you see decribed is an immensely depressing dog eat dog world. But maybe you shouldn't be depressed, what economics describes is who gets what, if you're not interested in what you get, and what others get, then economics is of no interest to you, and you're indifferent to the workings of capitalism. But if you are interested in who gets food, who gets health care,… [cont.]
Answered by Peter C - Thu Jan 28 22:26:36 2010

Skilled, LEGAL immigration, whats the problem?An educated answer based on economic theory will be appreciated.
Q. Read this first!!! No ignorant, racist answers pls. So at the moment in Australia, there is a skills shortage. Mainly skills are needed for trade work (like plumbers, electricians, builders etc) and Australia is short of this. What the government has done has done is to implement LEGAL, skilled immigration, mainly importing skilled immigrants from overseas to do these jobs. Of course there has been public backlash.Some Australians are claiming these LEGAL immigrants are 'stealing jobs'. How can they be 'stealing jobs' when they are here LEGALLY and only doing the jobs that need filling? Can someone pls explain in economic terms if they are actually stealing jobs if they are here LEGALLY? Isn't just based on supply and demand of the labour… [cont.]
Asked by . - Sat Sep 15 23:03:47 2007 - Immigration - 7 Answers - 1 Comments

A. I am going to give an answer based soley on the facts you presented. No. they are not stealing jobs from the residents of Australia. (1) as you hypothet says they are in that country legally and for a legal purpose and they are fulfilling that need. (2) if there truly are no skilled workers in the are or profession in which the immigrants have been given legal (either permant or temporary) legal status, then the immmigrants are in essence "citizens" entiteled to full and equal protection of the law" Now let me throw a curve into your scenario. Is there truly a lack of skilled workers in this area, or is this specific trade one that is offering skilled citizens of Australia work, but at inadequate pay? If so then the… [cont.]
Answered by dreamwhip - Sat Sep 15 23:22:04 2007

What is the difference between conflict theory and political economic theory?
Q. (First year university sociology) I know that Conflict Theory looks at the institutions that manage conflict over resources and that Political Economy looks at the structural features of the Capitalist economy (that produce the inequality which causes conflict in the first place). But what is the most important distinction between the two theories? Or are they essentially the same?
Asked by - Sun Sep 18 15:48:45 2011 - Sociology - 1 Answers - Comments

A. yes, more or less
Answered by - Tue Sep 20 19:01:26 2011

who wants to speak with me about my economic theory to save the world's economy?
Q. Does somebody want to check my economic theory to save the world's economy? it's a mix of communism and capitalism. i need also somebody to correct the bad english of my theory. i think i have made many errors in the translation from italian. if somebody wants to contact me:
Asked by the speaker - Thu Feb 19 13:58:44 2009 - Economics - 2 Answers - Comments

A. The way to save the world economy is to eliminate central banking and either use a gold standard or let the market set interest rates.
Answered by Jose Bosingwa - Thu Feb 19 14:24:05 2009

How can I conclude an essay regarding economic rationalism and conflict theory in education?
Q. I have written an essay that is a sociological analysis of an article that discusses the high cost of living out of home while studying at uni in australia. I have discussed the article in relation to economic rationalism theory and conflict theory but now i need to conclude. I am stuck. Can anyone think of something thought provokoing that I can use to wrap this up? I need to fill about 200 words with my conclusion... Please help?
Asked by whitney9448639 - Tue Apr 1 23:53:34 2008 - Homework Help - 1 Answers - Comments

A. Just stick to some simple techniques that are tried and true. Restate the main points of the essay. Then voice your own overall opinion of the topic discussed in the 3rd person point-of-view
Answered by William D - Tue Apr 1 23:58:27 2008

What is the name given to the economic theory upon which we have had to endure economic booms and busts?
Q. It seems as though the current theory has failed to prevent this business cycle. I suppose I should stressed massive swings ... not simply changes in free market supply and demand. And is there a name for this ideology which claims the inevitability of such massive swings?
Asked by - Sat Jul 17 06:44:02 2010 - Economics - 2 Answers - Comments

A. It's called freedom. Business cycles are related to the leveraging and deleveraging of debt in the economy. The only "theory" you could use to thwart that would be the theory of coercion. If you forcibly prohibit people from taking on debt risk, you can probably dampen cyclical fluctuation a lot, as you will be in a constant low growth economic environment.
Answered by SDD - Sat Jul 17 10:45:55 2010

What is economic theory and practice?
Q. I am writing an economics paper and the teacher would like us to make implications to economic theory and practice. I am trying to figure out what she means by this. Thank you! I will award a best answer.
Asked by Rawrimadinosaur - Thu Jun 16 11:21:37 2011 - Economics - 1 Answers - Comments

A. Economics theory with real examples. You have to understand the hypothesis, and then be able to analyze the real data by yourself.
Answered by Anjaree - Thu Jun 16 20:00:46 2011

Economic theory?
Q. Suppose the ABC Corp adopts a policy prohibiting its top level executives, whose compensation packages include awards of ABC stock each year, from selling such stock until two years after they leave ABC. Use economic theory to analyze the incentive effects of this prohibition.
Asked by itsjustdi - Sun Jul 20 14:18:40 2008 - Economics - 1 Answers - Comments

A. Execs often make risky decisions. If they are forced to keep the stock for two years, they gain more when the company does well and lose more when the company suffers. Thus, they have added incentive to make sure that the company does well.
Answered by bob135 - Tue Jul 22 01:49:45 2008

From Yahoo Answer Search: 'economic theory'
Fri Jan 27 04:30:49 2012