Tuesday, September 15, 2020
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Smoke Signals
1. D- The cigarette sales decreased dramatically
. A- Alaska and Hawaii were the states with the higest cigarette taxes.
. A- The smoking rates have risen sharply among teenagers and children.
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4. The price increase can be trickey, if you have gradual increases, you lose some of the impact. A state with a high tax may have had less of an increase over the years.
5. The price change has a greater effect on children and teenagers than on adults. Stuy in 188 found that price increaes have very little effect on wheather they took up smoking.
How to slip out of Americas Housing Squeeze
1. 14 Million families are facing housing difficulties.
. True, Afforable housing has been a contentious political issue in some major metopolitan areas
. Encouraging employers to offer employees subsidized housing to new government incentives for developers that build low income devlopings would help alleviate the housing squeeze.
4 The major hurdles to increasing the suppy of affordable housing are for midable restraints local governments have erected agains new apartments and housing.
BUILDING WEALTH
1. Great wealth can be accomplished by gaining control of capital and resources.
. The beginnings of corporate research laboratories and the growh of electricity, are the most important factors infulencing economic advancemement.
. The first rule that I selected was Rule #, I selected this rule becuase I know about the Coffee bar. I also know about all other things that have changed from what they used to be. Look how things are now becuase of September 11, prices have fallen on the plane tickets, cruise tickets, becuase they are trying to get people back into the swing of things. So then can raise the prices again without question.
I also chose Rule #8. Without education in todays socitey a person will get no where. At least a job that pays well over minium wage. You have to have a degree now a day to just even get your application reviewed. I am going to go to school for as long as possible and keep on continuing on my education so I can further myself in the pay scale as well as a higher position at work.
Following the money, but also the mind
1. The behaioral ecnomists aim is to intergrate hehavioral economics into mainstream economic theory.
. The challenges the efficacy of deregulation is the slowing of economic globalziation.
. Employers do not cut wages when unemployment is high is true except when it comes the the fear that their emplyees will join cometitors.
4. Hyperbolic discounting means, basically that the money that we make in a pay check is often spent right away. The example that the article gave was, a bird in hand is worth not two in the bush, but more like six or seven.
5. Behavioral economist basically study the way that people spend their money, and how we are stupid basically becuase we just go spend, spend, spend. It shows that the American economy is booming becuase of the American people and their spending habits.
Congested Parks
1. The best solution to the over crowded parts is to sell a good or service below the market-clearing price, where demand equals supply. We should create new pulibc parks and expand outdoor recreation facilites in existing ones.
. The relationship between price and quanity demand is complicated because the fact that the quality of the product depends on the number of people buying it.
. The public opinion is against public-parking becuase they feel that it will be over crowded. People also resist public park fees and the use of thes fees to allocate park use. Americans feel that public parks are thiers to use free of charge.
. The other groups of people that benifit from park subsidies, are the owners and employees of lodging places, restaurants, bait and tackle sotes, and many other kinds of usinesses and concessions.
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