49 Best Economy Questions and Answers (Q&A) - ProProfs Discuss

What is the difference between Coach and Economy?

Robert Hazlewood, Senior Executive
Answered: Aug 27, 2019

Flying on an airplane can be both enjoyable and relaxing or problematic and annoying. It depends on where you sit and who you sit next to. Most people who fly first class or business class,...Read More

2 Answers

702 views

What will shift the demand curve for a good?

Tclea
Answered: Jan 21, 2025

A decrease in the price of a complementary good

1 Answer

633 views

What are the advantages of unlimited liability?

C. Reyes
Answered: May 09, 2018

This answer would be all about perspective and hence, opinions of people may vary. So let us answer this question from the perspective of a business with unlimited liability. Firstly, there are...Read More

1 Answer

581 views

What are some examples of macroeconomic topic?

John Smith
Answered: Jan 21, 2025

How does a consumer decide how many tacos to consume?

1 Answer

566 views

What is the G-15 an economic grouping of?

John Smith
Answered: Jan 21, 2025

Third world nations -the group of 15 (g-15) was established at the ninth non-aligned movement summit meeting in belgrade, yugoslavia in september 1989. this informal forum was set up to foster...Read More

1 Answer

432 views

Why can't the government just print more money to make everyone rich?

Patricia Allison
Answered: Mar 13, 2018

There are two main reasons why the government cannot just print more money to make everyone rich. The first reason is that there used to be a gold standard, meaning that for every dollar in the...Read More

1 Answer

411 views

What does an aging and slow growing population do to your economy?

Patricia Allison
Answered: Mar 13, 2018

An aging and slow growing population can have very negative effects on a country's economy. Japan is a great example of this type of effect. As the population ages, elderly citizens require more...Read More

1 Answer

410 views

What does a full-employment U.S. economy look like and how far from it are we?

Patricia Allison
Answered: Mar 13, 2018

A full employment U.S. economy would be nearly impossible to reach. I think we could get within a percent or two, but zero unemployment would be an unrealistic goal. In theory, if every person in...Read More

1 Answer

407 views

What was the impact of the Great Depression in Europe?

D. Gray
Answered: May 09, 2018

During the great depression period in Europe, there was a sharp increase in the unemployment rate especially in Poland, Austria, and Germany. The unemployment rate had risen to as much as 20%...Read More

1 Answer

358 views

How does an increase in the minimum wage affect the economy?

Patricia Allison
Answered: Mar 13, 2018

An increase in the minimum wage can affect the economy in several ways. First, an increase in minimum wage will put more money in the pockets of consumers, especially lower income consumers who...Read More

1 Answer

345 views

What is the difference between Communism and Capitalism?

C. Block, English Professor
Answered: Aug 28, 2019

There are so many differences between communism and capitalism, which must be clearly understood. Communism and capitalism differ in their approach as regards both political and economic ideology...Read More

2 Answers

336 views

What could trigger an ultimate collapse of US economy?

Patricia Allison
Answered: Mar 13, 2018

There are lots of things that could trigger a collapse of the United States economy, but there are also lots of safety nets in place to prevent that from happening. The Federal Reserve's main job...Read More

1 Answer

336 views

Will Donald Trumpâ€™s picture ever be on U.S currency?

Patricia Allison
Answered: Mar 13, 2018

I do not think Donald Trump’s face will ever appear on US currency. First of all, there will not likely be new denominations of currency printed in the foreseeable future, and the faces on...Read More

1 Answer

320 views

What risks does the global economy face?

Patricia Allison
Answered: Mar 13, 2018

There are many challenges facing the global economy. Certain events will put the global economy at risk. Man-made financial events such as increasing interest rates can impact the global economy...Read More

1 Answer

305 views

Which is a better indicator for analyzing an economy health; GDP or PPP?

Patricia Allison
Answered: Mar 13, 2018

Purchasing Power Parity, or PPP, is the idea that a country's purchasing power is directly related to the exchange rate of their currency. Gross Domestic Product, or GDP, is a broader economic...Read More

1 Answer

293 views

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