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Results tagged with nonexpert
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user 1601
For questions that are not about formal economic or econometric models and techniques, their implementations using programs and languages or do not include references to, are not about data standards, or are not based on academic sources.
30
votes
Accepted
Do companies have non compete agreements between each other?
This is known as dividing markets or market allocation, and it is against the law in the US, the EU, and I imagine in most countries with antitrust laws.
- 29.7k
29
votes
Does a store suffering increased theft generally cause higher prices?
prices should have already been set to maximize the trade off between profit-per-sale and volume sold
But profit-per-sale depends on costs, which depends on the theft numbers, so if theft increases, …
- 29.7k
10
votes
Why don't profitable firms use previous profits to offset current loss
It might make sense to cut the jobs as it looks like they will be operating at reduced capacity.
The article does not say that they could not keep on the workers and "smooth" their yearly losses and p …
- 29.7k
10
votes
What are the causes of negative real interest rates?
If there is inflation, what is your alternative? If you do not lend, your money loses even more of its value.
A numerical example:
If inflation is 5% and you can lend at 2% nominal interest rate, you …
- 29.7k
8
votes
Accepted
Why are Portuguese migrating out of Portugal?
As you write, fertility rate explains most of it, and immigration explains the rest.
People tend to migrate to richer countries, and Portugal is below average EU income. (Portugal is an EU member. Th …
- 29.7k
8
votes
Accepted
Will a Guaranteed minimum income not eventually just be crowded out by inflation?
I will not discuss fairness (for example employers gains versus employees gains and bargaining power) principles as you did not ask about those.
Is "crowding out" the right phrase here?
Even if inflat …
- 29.7k
8
votes
Can a closed economy flourish?
It depends on what you mean by "sustained growth" and "flourishing markets".
Clearly the Earth as a whole is a big market. If you do not look at human made borders: the global economy is currently g …
- 29.7k
7
votes
Accepted
Was there any currency backed by other metals than gold, silver or copper?
Spartan iron coins.
Roman bronze coins: Aes Grave
Chinese bronze coins: Ban liang (one type was bronze, not all)
A non-metal "currency" backed by various industrial metals: the cryptocurrency Tiberius …
- 29.7k
5
votes
Accepted
Why do most function images take the form of a curve?
Your final line
This figure is only for representation.
pretty much answers your question.
When explaining these concepts you want to draw something that is easy to understand, i.e. does not have to …
- 29.7k
5
votes
Accepted
What are some alternative words for "cartel"?
I don't think an exact synonym exists. There are words that describe a type of cartel.
You could use trust or combine, if the cartel is legal and known.
You could use syndicate in case of illicit cart …
- 29.7k
4
votes
Mathematical explanation of transformations of Marginal Revenue
You have two questions. The first one is (I broke lines in the quotes where I tought this improved legibility):
MR = d(Total revenue)/dQuantity = d (Price * Quantity)/dQuanitity
This is the same as …
- 29.7k
4
votes
How do non-US governments raise dollars?
Like all entities except the US government: they trade for it on the currency exchange market.
There are special cases when the US government gives aid without asking anything in return.
A government …
- 29.7k
3
votes
Accepted
What makes a shareholder a "shareholder of record"?
I typed "shareholders of record" into Google, and I got
Stockholder of Record
Also known as shareholder of record, record holder or owner, or registered holder, or owner. The stockholder whose name i …
- 29.7k
3
votes
Accepted
Can an appreciating currency lead to inflation?
You are wrong/vague here:
the rupee (INR), is appreciating against, say, the USD, it possibly
means that there is a high demand for the former.
If the rupee becomes more expensive w.r.t. the dollar, …
- 29.7k
3
votes
Accepted
Risk seeking investors: Do they benefit from return at all?
Is it because risk seeking investors also get some utility from expected return?
Yes.
It is a common assumption that investors invest to get returns, so in this good space returns are indeed a "goo …
- 29.7k