Latest news about Games And Recreation and Health and more

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I mean this question is kind of gender related, there are men and women competing you know…If you are watching the Olympics, which country are you cheering for, and any athlete in particular…?

Im just gonna say Aussie, Aussie, Aussie, Oi, Oi, Oi!

USA, USA, USA!

I’d like the US to win gold in everything, but I’m most interested in basketball. I’ve watched some swimming (saw one of your own Aussie women break a world record, Stephanie Rice I think), basketball, and volleyball (indoor and beach). I’ll watch some track and field too.

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I`m not watching as long as it`s in China! I believe it`s about the athlete`s,not the countries.There are way too many people in this world who are going hungry and homeless with NO medical care. I believe all the money being spent on pretty stuff could be better spent on something humane so the whole world can enjoy a bit of happiness.Besides,China is making junk and shipping it to the US,where most of it gets recalled.They don`t pay their workers fair wages and they are treated like slaves.I believe the Olympics are just a way to bring countries together and by having some of the games in China it shows that the world is ok with the way they treat their people and except their junk products. The US government is getting just as bad too.I`ll watch when it leaves China.

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A) central banks should be independent of politics.
B) discretionary fiscal policy should be avoided.
C) politicians pumping up the economy in an election year make the economy less stable.
D) all of the above.

D) all of the above.

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it is related with the macro economics

Fiscal policy and monetary policy. Fiscal policy is where the government uses it’s spending power to change demand in the economy. Monetary policy is where the Fed changes intrest rates, reserve requirements, or preforms open market transactions to affect the money supply in the economy.

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If the government imposes an excise tax in a market in which the supply curve is perfectly inelastic, the burden of the tax will fall completely on the _________ and the deadweight loss will equal ________.

A) consumer; zero
B) producers; zero
C) consumers; the government’s tax revenue
D) producers; the government’s tax revenue

Take a look at this picture to help you understand:

http://seattlecentral.edu/faculty/jhuber…

So if there is an excise tax, then the burden falls completely on the producers (consumer surplus will increase), and the deadweight loss is zero.

So, B.

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ALMOST all but not all kinds of taxes creates a dwl. Therefore the answer can’t be A or B. I think the answer is would be C because in the end the consumer will be buying product. Whether the government taxes the producer. The producer will pass those costs to the consumer. Remember also that the Quantity is fixed. No matter how much you raise the price consumers will to buy at the point where supply equals demand.

http://en.wikipedia.org/wiki/Image:Verti…
look at the labels in reverse.

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Many a time, I’ve come across situations where people have written things like ‘oh by the way I’m not stupid because I have a masters in blah.blah.blah’. Why do so many people feel compelled to say that? It gives me the impression that if you don’t have a degree you are considered to be stupid by default.

I know many people who don’t have a college degree who are very intelligent people. I also know many people who have a degree and are complete morons. The people with the degrees sure have more of an education, however, a degree afterall only really specializes you in one particular area. Intelligence comes from many factors though, not just schooling.

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People say that because it boosts their credibility to show that they are educated in a particular field.

Not having a degree doesn’t mean that you are stupid, and having a degree doesn’t mean that you are smart. A degree is just an indication of how educated you are. You can be very well-educated but have below average intelligence, you can be highly intelligent and and totally uneduated, or you can fall somewhere in the middle (like most people).

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I am thoroughly convinced that college degrees don’t mean dick. Life experiences mean a begillion times more than a piece of paper saying you can sleep through classes. The people who make the worst Marines are the ones with college behind them. Eventually, they might become decent but they’re the ones I had to teach more

Many times if I am trying to explain a complex idea or answer a question that has no easy answer, I will use an example or an analogy to illustrate my point. However, about half of the time the people that I am talking to hang on the example as if that was my point all along.

For example, If I said something like, “Why is it okay for Obama to say such and such and it isn’t for Mcain.”

When we hear facts that contradict our emotions, our natural tendency is to find reasons (even subconsciously) that activate networks that agree with our own points of view and inhibit networks that disagree with them.

What happens when you try to persuade someone of an argument they already don’t agree with is they pick up on the points that they can argue and completely miss the point of the original argument.

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It is people find it easier to visualise an example as it is a real thing, where as a theory is much more diverse and is difficult to pinpoint, this means we cling to the example when we cant answer the theory because that way we satisfy ourselves with an answer.

Now called GNI (Gross National Income).
Congo

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Answer is Libya by quite a big margin.
See link below

http://siteresources.worldbank.org/DATAS…