Economics

Recent Answers

2013-05-20 Economics - To sell or not to sell?:

Again, I can't say for certain if it would be in your best interest without a more detailed look at your finances.  So, please take this response "with a grain of salt" - generalized education rather than

2013-05-17 Economics - To sell or not to sell?:

Thanks for the question!    Unfortunately, this is a difficult one to answer without actually having a look at your financial records, but I can offer a bit of generalized advice.    Your concern about

2013-05-16 Economics - Questions about bank system...:

That's not how banks work.  People give money to a bank to be deposited.  People want to give money to a bank because the bank pays interest, which means that the bank gives people more money then they

2013-05-07 Economics - Interpretation of cross elasticity:

Hi Zeen,     Both of your answers are valid subject to certain conditions –spatial and cultural.     FIRST QUESTION  Let us get down to the first answer at the outset. The answer is “substitutes,” though

2013-05-07 Economics - Interpretation of cross elasticity of demand:

I'm afraid that your assumptions for 1 and 2 and contradictions of each other.  If pork and beef are substitutes for each other, then there must be a strong relationship between them.  The absolute price