economics class

1. The cause of this externality is globle warming. I's because of smokes coming from factories and also exhust gas from cars are reasons. It makes the north and south poles melt and the ices melts with it so the animals that live in north pole doesn't have a place to stay. In this picture, polar bear is on the small ice and it's because of north pole melting. It doesn't have a place to stay or go. I think even if it's from now on, we should stop polluting the world.

2. The cause of this externality  is factories putting all the toxic stuff in to the water. Because of this pollution, all the fishes died and the water is polluted. I think we could make it better by not buying more then you need and not using so much shampoo and so on.

9/14/2010

Militay is a public good because you don't have to pay for it to get protected by it and I don't take somebody's safety by getting protected by militay.

A laptop is an private good because if you buy it, not anybody can come up to you and take it and use it for nothing(you have rights for it)

A movie is an mixed good because you can't take it away from someone or sometimes you can just download it for free.

Germanay

GDP:$3.673 trillion

GDP per capita:$44,729

 I chose Germany as one of my country because it has one of the hightest GDP in the world. People in Germany makes $44,729 per year and that's alot compare to other countries. I think Germany's GDP is so high because they have high educations and good quality of jobs and it affects the overall wealth or happiness of German's in a very positive way.

HAITI



GDP:$11.976 billion

GDP per capita:$1,338

 I chose Haiti as one of my country because it has the one of the lowest GDP in the world. Their GDP per capita is barely enough to eat and servive and I think it's because of all the dictators and earthquakes that Haiti had. This GDP affects the Haitian's happiness in a very negative way because they always have to work and worry about what to eat tommorow.  

HOW MUCH DOES COST NOW?

  Inflation is a rise in the general level of prices in time.It happens because of wars and how scarce it is. For example today the milk price in Korea is about 3$ per liter and it use to be about 1.5$ ten

years ago. I think it affects the indiciduals because if inflation happens, the price of the everyday item goes up and people have to spend more money on buying stuff.

PLANNING FOR A PURCHASE

MANAGING A NATION'S $$$$$$$$$$$$$$$

taks 1

THe Federal Reserve is the national bank for America and US needs it because it needs a central bank to serve and control other bank for the federal goverment. It's very important because it provide a uniform currency.



Task 2

Cuttently Ben Bernake is on the charge of the Federal right now.