Nomic Data In United States Econ ¢ Exchange Rate Impact : http://newish.info/10186-nomic-data-in-united-states-econ-exchange-rate-impact
If "Freedom isn't free" how can free trade be free?
Note on FDR’s quote
Have any of you been to a baseball game where there were no rules? Of course, not. How would you know who won the game or even if someone scored? Have any of you been to a baseball game without an Umpire? If you have, you would know what a mess it is!
The market works in the same manner, if it is total “Laissez faire” (unregulated) it can’t be fair. There is an invisible hand “fixing” the game for 99% of us to lose and we’re set up to fail. Economic laws are not divine laws, they’re merely tools to be applied for a more just and beneficial society for all. People often feels hopeless and powerless thinking that economy is something for Wall Street, not Main Street however this can and has to change. “We The People” need to realize that we can control the market and refocus our priorities: People before Profit!
Modify Econ ¢ Micas Analysts Estimates To Overview : http://newish.info/19485-modify-econ-micas-analysts-estimates-to-overview
I helped Chris Chu on Sunday because we had a quiz on Monday for comparative advantage. HEHHE so I gave him examples…
Chris Chu: CARMENNNNNNN what’s the difference between comparative advantage and absolute advantage??
Me: Absolute is like which country or person or whatever that just makes the most …like for example…
Chris can rape 20 kids and kidnap 5. Connie can rape 8 kids and kidnap 15. You have the absolute advantage in raping kids. And Connie has the absolute in kidnapping. For absolute you don’t need to divide or anything. Just see who can do more. For comparative you just see who should do what to for maximum gain.
Gots it ? Want another example ?
Chris Chu: Yea nigga gimme another :)
Me: Dominguez can sell 50 oranges and 38 apples. Some rival Mexican seller can sell 30 oranges and 100 apples.
A little while later to show that absolute and comparative advantage were not the same…
Me: Ryan REYNOLDS can make 3 movies and do 4 sexy shirtless photoshoots. Ryan GOSLING can only do 2 movies and 3 photoshoots. Reynolds has absolute advantage in both right ?
Chris Chu: isn’t he banging that really old chick right now ?
Me: YES. THEY BOTH ARE. but it doesn’t matter. Anyways, for comparative advantage Reynolds is 4/3 while Gosling is 3/2 for movies. That’s 1.3 v 1.5 for opportunity cost. Opportunity cost for Gosling is higher …….BRAHBRAHBRAHWORKWORKWORK
……..and thus Reynolds should make movies and Gosling should do photoshoots. (:
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