Posts Tagged ‘law of demand’

  • 16502_7.20_000016323114XSmall

    Venezuela’s Economic Problems

    Jul 20, 11 • 567 Views • No Comments

    Venezuela has 2 basic economic problems: The law of supply: Because price and quantity move in the same direction, if price goes down, then producers provide less. This takes us to Venezuela’s 27.1% inflation rate. President Hugo Chavez responded by...  [read more]

  • 16159_3.1_000005787159XSmall

    Hot Spotting Medical Care

    Jan 28, 11 • 253 Views • No Comments

    These are the statistics: 900 people; 4,000 hospital visits; $200 million in medical bills from January 2002 through June 2008. The place is Camden, N.J. where a relatively small number of people were responsible for a huge proportion of the city’s...  [read more]

  • 15828_8.17_000009980535XSmall

    Utilities Included

    Aug 17, 10 • 254 Views • No Comments

    In NYC, there are 250,000 housing units that use more electricity than most others. The reason? Buildings without meters for each apartment have leases that say “utilities included”. So, whether tenants use more or less power, the rent is the...  [read more]