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Economics 1 – The Basic Economics of Trade and Wealth
Three men, Charlie, Fred, and Gary, are shipwrecked on a small deserted island. Each of them possesses $100. Charlie is a construction worker, Fred is an expert angler, and Gary is a gardener.
Why Is the Price of Oil Low?You will notice for the past few weeks gas price (i.e., when you filled your tank) is low. The reason why is because of the drop in price for a barrel of oil. Apologists argued that the low price of oil is caused by the Invisible Hand – supply and demand.
Food Producers Are Lying to UsThe big names in grocery products sure seem to think we are stupid. The big food producers spend big dollar advertisements, glitzy commercials and so interested in telling us about their virtues and our health. Fact is they think we are stupid.
Undressing The Chinese EconomyThe Conference Board forecasts a much sharper Chinese slowdown than other economists expect. Even this may be too optimistic.
HP to Split Into Two CompaniesOn the morning of October 6, 2014, Hewlett Packard announced plans to split into two separate companies. The announcement confirmed reports previously appearing on the Wall Street Journal, Techspot and other publications. Under the plan, the iconic information technology firm will separate the corporate hardware and services operations from the computer and printer businesses to create two publicly traded companies. The Palo Alto, C.A. based firm expects to complete the process by October 2015.