Consumer Finance Center – financing

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ECON QUESTIONS please help me?

J asked: 28. Changes in the following variable DO NOT shift the demand curve for a good:
a. The price of the good.
b. Prices of other related goods.
c. The income of consumers.
d. The tastes of the consumers.
e. The expected future price of the good.
29. Modern economic growth is correlated
a. with the gradual reduction of the public [...]

Posted July 1st, 2010 in Economics | 2 Comments »

need help with these questions! I was sick when we went over them I just want to make sure they’re right?

Manlee08 asked: I just was unsure about these questions! Please help! * is what I put! THANKS!!! )
1. A closed economy is one which ______.
A) only trades with its neighbors
B) trades goods but not services or assets with other countries
C) does not trade goods, services, or assets with other countries
*D) has a centrally [...]

Posted May 8th, 2010 in Economics | 1 Comment »

Why is there a depression in the econommy and why?

Edward88 asked: Why is there a depression in the economy? What causes it? I know the very basics. That businesses are doing poorly, thus, there is less money for consumers to spend so that the cycle continues. The money must be going somewhere? Also, how come banks and finance institutions go under?
Thanks a lot for [...]

Posted April 12th, 2010 in Economics | 1 Comment »

Who finances a current account deficit (balance of payment)?

sonyboy812 asked: I read in an economic text book that a current account deficit is generally due to mainly transactions made by private individuals and companies trading. It goes on to say “a current account deficit is NOT a government deficit in any sense”.
Thus, if UK consumers buy more from China then they export [...]

Posted July 5th, 2009 in Economics | 1 Comment »

Is “supply-side” economics a misnomer?

TylerFromNE asked: When you fund tax cuts by going into debt*, you’re actually cannibalizing your supply of capital to finance current consumption, aren’t you?
The only “supply” of anything “supply-side” economics ever brought us was a glut of throw-away consumer crap made by Chinese slave labor.
*That’s not to say I’m opposed to deficit financing of large-scale [...]

Posted June 22nd, 2009 in Economics | 2 Comments »

When will the giant ponzi scheme that is the US economy finally unravel?

John 360 asked: When will America’s (a) massive budget deficits financed by the sale of US treasuries to foreigners, (b) sky-high trade deficits and current account deficits, (c) unrestrained money-printing, (d) sinking dollar, (e) ceaseless expenditures on foreign wars, (f) low-levels of personal savings combined with massive consumer debt and (g) profligate spending ways finally [...]

Posted June 4th, 2009 in Economics | 8 Comments »

Economics – Public Finance?

2shar asked: Demand curve for cigarettes is given by Qd = 2000 – 200P
Supply curve for cigarettes is given by Qs = 200P , where P is the price per pack.
The government now imposes a tax of $2 per pack. Find the quantity after the tax, the price paid by consumers and price received by [...]

Posted April 14th, 2009 in Economics | 1 Comment »