In simple terms, and your own opinion what is it going to take to get the economy to where you think it should be?

In simple terms, and your own opinion what is it going to take to get the economy to where you think it should be?
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Answer :

And we all know Obama is gone next year, so lets not use that excuse.
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Related questions

In your opinion, what is better for the economy: cheap consumer goods or having a lot of decent jobs available?

Description : In your opinion, what is better for the economy: cheap consumer goods or having a lot of decent jobs available?

Last Answer : answer:Without a job, even cheap consumer goods may be unobtainable. With a job, you may be able to buy consumer goods that don't break. That said, if you have a lot of desperate labor around, ... even more profit. So there's really no incentive to change it to benefit the little guy anytime soon.

What does the term free-market denote in terms of economy? a) Minimal government intervention in trade and minimum regulations b) Maximum government intervention in trade and maximum regulations c) Means of production owned by the state d) None of the above

Description : What does the term free-market denote in terms of economy? a) Minimal government intervention in trade and minimum regulations b) Maximum government intervention in trade and maximum regulations c) Means of production owned by the state d) None of the above

Last Answer : : a) Minimal government intervention in trade and minimum regulations

'Take-off stage' in an economy means - (1) Steady growth begins. (2) Economy is stagnant. (3) Economy is about to collapse. (4) All controls are removed.

Description : 'Take-off stage' in an economy means - (1) Steady growth begins. (2) Economy is stagnant. (3) Economy is about to collapse. (4) All controls are removed.

Last Answer : (1) Steady growth begins. Explanation: Rostow's 'Stages of Economic Growth' (1960) presented five stages through which all countries must pass to become developed: 1) traditional ... which industrialization begins to occur, and workers and institutions become concentrated around a new industry.

‘Take-off stage’ in an economy means (1) Steady growth begins. (2) Economy is stagnant. (3) Economy is about to collapse. (4) All controls are removed.

Description : ‘Take-off stage’ in an economy means (1) Steady growth begins. (2) Economy is stagnant. (3) Economy is about to collapse. (4) All controls are removed. 

Last Answer : Steady growth begins.

In a Laissez-faire economy (1) the customers take all the decisions regarding production of all the commodities (2) the Government does not interfere in the free functioning of demand and supply forces in the market (3) the private-sector takes all the decisions for price-determination of various commodities produced (4) the Government controls the allocation of all the factors of production

Description : In a Laissez-faire economy (1) the customers take all the decisions regarding production of all the commodities (2) the Government does not interfere in the free functioning of demand and ... of various commodities produced (4) the Government controls the allocation of all the factors of production

Last Answer : the Government does not interfere in the free functioning of demand and supply forces in the market

Do you think the Dow is a good indicator of the President's performance as it relates to the economy?

Description : Do you think the Dow is a good indicator of the President's performance as it relates to the economy?

Last Answer : answer:To answer my own question, I do, or at very least I think it's a good indicator of public perception as to how well a President performed, even though the majority of people probably don't ... end of term approval rating? And will that be an indicator of how he did for the economy? Discuss

What does the recent Chinese rebuke of individual wealth mean for the world economy?

Description : What does the recent Chinese rebuke of individual wealth mean for the world economy?

Last Answer : Not an investor or an economist, but I have worked as a legal researcher for attorneys supporting business clients with interests in China and elsewhere in Asia. For whatever it's worth, ... likely a calculated attack aimed at bringing private business under party domination. Only time will tell.

Would it help an economy if money expired and did not “earn interest” after a time?

Description : Would it help an economy if money expired and did not “earn interest” after a time?

Last Answer : No. Everybody could go on the “Dole” and nobody would work . . . then what @RedDeerGuy1 ?

How will the US economy be affected if Venezuelan oil is completely cut off due to Civil War?

Description : How will the US economy be affected if Venezuelan oil is completely cut off due to Civil War?

Last Answer : Hardly at all. Venzuela’s oil production has been reduced to be barely noticeable outside the Caribbean. And right now there is a glut of oil; every time it sneaks above $55 per bbl there is a huge increase on the world market.

Is the sharing economy a good thing?

Description : Is the sharing economy a good thing?

Last Answer : When you buy a new car and pay for them to register it, all you're really doing is paying for someone to stand in line for you at the Motor Vehicle Department. When you say shouldn't people be ... m not harming anybody by doing that, and they're not harming anybody by waiting in line on my behalf.

Is the problem with the economy, the poor want a living wage, or the wealthy get paid too much?

Description : Is the problem with the economy, the poor want a living wage, or the wealthy get paid too much?

Last Answer : You might want to clean up this question. I’m not sure what it is asking.

Exchange economy or gift economy?

Description : Exchange economy or gift economy?

Last Answer : answer:You can certainly attempt to revive a gift economy among your friends and associates - and good luck to you in the attempt, sincerely - but as a model for the industrial economy in which ... mine, free and clear, with no other obligation expressed or implied. Sometimes soulless is good, too.

What will the world be like when China has the largest economy in 2018?

Description : What will the world be like when China has the largest economy in 2018?

Last Answer : Western manufacturers, particularly Americans, have never been very good at understanding foreign consumers to whom they sell. As China's economy surpasses the US (not a forgone conclusion unless the ... US government limits economic growth by its own attempts to control US industry and commerce.

If millions of people moved their money from banks to credit unions over the course of a year, what impact would that have on the economy?

Description : If millions of people moved their money from banks to credit unions over the course of a year, what impact would that have on the economy?

Last Answer : answer:It would affect the profitability of big banks, but not necessarily have nay impact on consumers. If it was big enough, large banks would need to offer products to re-attract consumers, such as ... directly dependent on consumer demand. So there might be a bump up in car and house buying.

How would you rebuild people's confidence in the economy?

Description : How would you rebuild people's confidence in the economy?

Last Answer : You create confidence the economy by creating an economy that people can have confidence in. It's just that simple, there is no smoke and mirrors solution here. People see the money they have, ... or the next few years and they will start having confidence in the economy and start spending money.

What's Next for the American Economy?

Description : What's Next for the American Economy?

Last Answer : I think the recession will continue. I think some markets will recover. I think some people will never recover. I think it’s worse than what people think.

What exactly is free trade and what business of our economy benefit from it?

Description : What exactly is free trade and what business of our economy benefit from it?

Last Answer : answer:Free trade. Hint: all businesses benefit in the same way. What does your textbook or teacher say? Think of a lemonade stand. You buy the lemons from Mexico; the lumber from the Pacific NW in the United States; import child labor from Canada and use your local bank to hold the profits.

Can there be a situation where over-regulation of a free capitalist economy lead to economic socialism?

Description : Can there be a situation where over-regulation of a free capitalist economy lead to economic socialism?

Last Answer : answer:I think that the amount of regulation necessary would be unlikely. Also, it would have to actively take wealth and redistribute it, which goes beyond any contemplated regulation.

Is there a relatively safe way to have a 10% return on invested money in this economy?

Description : Is there a relatively safe way to have a 10% return on invested money in this economy?

Last Answer : eden2eve: I suggest an investment in pine-trees. They take about 45 years to mature but the return is pretty close to 10% over the life of the investment and they are relatively safe. You can lose ... to develop a good relationship with a forester to show you the ropes, mark trees for thinning, etc.

How would a prestige based economy work?

Description : How would a prestige based economy work?

Last Answer : You contribute to the common good, you get credits. You may then spend said credits toward someone else's contribution to you. Change depends on everyone, but you can start with ... ://phoebusg.com/index.php?option=com_content&view=article&id=19:concepts&catid=5:blog&Itemid=12 Look for Taskswap.

Could our economy function if businesses operated transparently?

Description : Could our economy function if businesses operated transparently?

Last Answer : Go see the documentary, Food, Inc for a partial answer to this question. 6 huge corporations control 90% of our food supply (Montsanto, Cargill, among others) and operate as unbenevolent dictators.

Why can't we use some of the existing $11 trillion to "stimulate" the economy and create jobs?

Description : Why can't we use some of the existing $11 trillion to "stimulate" the economy and create jobs?

Last Answer : Money is only borrowed to keep the government operational. They don't borrow, say, two billion, just to have two billion sitting around for a rainy day. The borrowed money is carefully ... back through the resell of toxic assets that will be purchased during the bailout for nominal sums.

How do you feel about the recent changes in the economy?

Description : How do you feel about the recent changes in the economy?

Last Answer : come on over here, our county sales tax receipts are steadily rising, and two new industries are locating here and adding another 1000 jobs, gas is $1.82 a gallon, and I bought a 2400 sq ft home on 4 acres for $115k. What recession?

Is there a site which follows the economy and oil trends in plain english?

Description : Is there a site which follows the economy and oil trends in plain english?

Last Answer : haha thats a funny question, but go to an economics site that translates things for you, or if u are looking at stocks, just get the widget (if you have a mac) on the apple website, and it is self-explanatory.

How has comsuming less good for the economy?

Description : How has comsuming less good for the economy?

Last Answer : consumption is very important to the economy and, normally, the more the better. what was tricky about last the last few years was how leveraged the american consumer was- especially in the Real Estate sector. So too much consumption, when excessively financed by debt, can be counter-productive.

What's up with the US economy?

Description : What's up with the US economy?

Last Answer : Not sure about another depression. I think lately it is more due to the foreclosures of homes. 90% are foreclosures in one northern California town. And 60% are Sacramento County homes are foreclosures. ... am hearing from friends and families , across the nation, their house market is slow as well.

Will the U.S. economy see hyperinflation, or deflation followed by hyperinflation?

Description : Will the U.S. economy see hyperinflation, or deflation followed by hyperinflation?

Last Answer : There are several approaches to correcting our current monetary situation. I personally hope we don't see hyperinflation at all because we are weaning ourselves off the Fed and taking responsibility for our ... Iraq, using that money for infrastructure, and weaning America off the Fed bill by bill.

Do one person's finances have an appreciable effect on the national economy?

Description : Do one person's finances have an appreciable effect on the national economy?

Last Answer : yes. George bush’s finances keep getting larger, mine keep getting smaller.

Globalisation means - (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy

Description : Globalisation means - (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy

Last Answer : (3) Integration of the domestic economy with the world economy Explanation: Globalization is the process of international integration arising from the interchange of world views, products, ... globalization refers to processes that promote world-wide exchanges of national and cultural resources.

A mixed economy refers to an economic system where - (1) The economy functions with foreign collaboration (2) Only t he private sector operates under government control (3) Both the government and the private sectors operate sectors operate simultaneously (4) No foreign investment is allowed

Description : A mixed economy refers to an economic system where - (1) The economy functions with foreign collaboration (2) Only t he private sector operates under government control (3) Both the government and the private sectors operate sectors operate simultaneously (4) No foreign investment is allowed

Last Answer : (3) Both the government and the private sectors operate sectors operate simultaneously Explanation: Mixed economy is an economic system in which both the state and private sector direct the ... and that the government wields indirect influence over the economy through fiscal arid monetary policies.

Which among the following statements is not true when there is an increase in interest rate in an economy? (1) increase in saving (2) decrease in loan (3) increase in production cost (4) increase in capital return

Description : Which among the following statements is not true when there is an increase in interest rate in an economy? (1) increase in saving (2) decrease in loan (3) increase in production cost (4) increase in capital return

Last Answer : (4) increase in capital return Explanation: Interest rate increase the cost of borrowing, which results in lesser investment activity and the purchase of consumer durables. In a low interest-rate ... . All of these factors raise output and employment as well as investment and consumer spending.

National income accounting is the study of the income and expenditure of the entire - (1) family (2) state (3) economy (4) organisation

Description : National income accounting is the study of the income and expenditure of the entire - (1) family (2) state (3) economy (4) organisation

Last Answer : (3) economy Explanation: National Income Accounting is a set of principles and methods used to measure the income and production of a country. There are basically two ways of measuring ... the total of incomes derived from economic activity after allowance has been made for capital consumption.

One of the features of a free market economy is - (1) active state intervention (2) public ownership of factors of production (3) rationing and price control (4) consumer's sovereignty

Description : One of the features of a free market economy is - (1) active state intervention (2) public ownership of factors of production (3) rationing and price control (4) consumer's sovereignty

Last Answer : (4) consumer's sovereignty Explanation: Consumer Sovereignty is one of the features of a free market economy. It refers to the assertion consumer preferences determine the production of goods and ... market performance is in fact responsive to the specific wants of the consumers within the system.

Internal economies - (1) arise when there is expansion in an industry. (2) arise in an economy as it makes progress. (3) accrue to a firm when it expands its output. (4) arise when there is expansion in internal trade.

Description : Internal economies - (1) arise when there is expansion in an industry. (2) arise in an economy as it makes progress. (3) accrue to a firm when it expands its output. (4) arise when there is expansion in internal trade.

Last Answer : (1) arise when there is expansion in an industry. Explanation: Internal economies are those economies in production-those reductions in production costs-which accrue to the firm itself when it expands its ... of its own expansion independent of the size and expansion of the industry as a whole.

With which form of economy is the term 'Laissez-faire' associated? (1) Capitalist economy (2) Socialist economy (3) Mixed economy (4) Command economy

Description : With which form of economy is the term 'Laissez-faire' associated? (1) Capitalist economy (2) Socialist economy (3) Mixed economy (4) Command economy

Last Answer : (1) Capitalist economy Explanation: In economics, laissez-faire means allowing industry to be free of state intervention, especially restrictions in the form of tariffs and government monopolies. ... industrial growth in the late 19th century both occurred in a laissezfaire capitalist environment.

The major objective of monetary policy is to - (1) increase government's tax revenue (2) revamp the Public Distribution System (3) Promote economic growth with price stability (4) weed out corruption in the economy

Description : The major objective of monetary policy is to - (1) increase government's tax revenue (2) revamp the Public Distribution System (3) Promote economic growth with price stability (4) weed out corruption in the economy

Last Answer : (3) Promote economic growth with price stability Explanation: The main objective of monetary policy is to control the supply of money, often targeting an inflation rate or interest rate ... usually to contribute to lower unemployment, and to maintain predictable exchange rates with other currencies.

Paraellel economy emerges due to - (1) Tax Avoidance (2) Tax Evasion (3) Tax Compliance (4) Tax Estimation

Description : Paraellel economy emerges due to - (1) Tax Avoidance (2) Tax Evasion (3) Tax Compliance (4) Tax Estimation

Last Answer : (2) Tax Evasion Explanation: Parallel economy (black economy) indicates the functioning of an unsanctioned sector in the economy whose objectives run parallel with the social objectives. Major ... that income from illegal activities that is not reported to the government for tax purposes.

)A very high rise in National Income at current market prices and a low rise at constant prices reveals - (1) the high rate of growth in the economy at the current period (2) the increased production in the current period (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy

Description : )A very high rise in National Income at current market prices and a low rise at constant prices reveals - (1) the high rate of growth in the economy at the current period (2) the increased ... period (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy

Last Answer : (3) the improper growth of the economy Explanation: When national output is multiplied by present ruling price, we obtain national income at current prices. On the other hand if the national output is ... not indicate increase in product or output, but is rather due to the rise in price level.

Freeing the economy from all unnecessary controls and regulations is referred to as - (1) Freedom (2) Privatisation (3) Liberalisation (4) Globalisation

Description : Freeing the economy from all unnecessary controls and regulations is referred to as - (1) Freedom (2) Privatisation (3) Liberalisation (4) Globalisation

Last Answer : (3) Liberalisation Explanation: Economic liberalization is a very broad term that usually refers to fewer government regulations and restrictions in the economy in exchange for greater participation ... liberalization in short refers to "the removal of controls", to encourage economic development.

'Mixed economy' refers to - (1) the co-existence of heavy, small scale and cottage industries (2) the promotion of agriculture as well as cottage industries (3) the co-existence of rich as well as poor (4) the co-existence of public as well as private sector

Description : 'Mixed economy' refers to - (1) the co-existence of heavy, small scale and cottage industries (2) the promotion of agriculture as well as cottage industries (3) the co-existence of rich as well as poor (4) the co-existence of public as well as private sector

Last Answer : (4) the co-existence of public as well as private sector Explanation: Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies.

"Closed Economy" means : (1) no provision for public sector (2) no provision for private sector (3) economy policy not well defined (4) a country having no imports and exports

Description : "Closed Economy" means : (1) no provision for public sector (2) no provision for private sector (3) economy policy not well defined (4) a country having no imports and exports

Last Answer : (4) a country having no imports and exports Explanation: Closed economy is an economy in which no activity is conducted with outside economies. A closed economy is self-sufficient, meaning that no ... The goal is to provide consumers with everything that they need from within the economy's borders.

In an economy, the sectors are classified into public and private on the basis of - (1) employment conditions (2) nature of economic activities (3) ownership of enterprises (4) use of raw materials

Description : In an economy, the sectors are classified into public and private on the basis of - (1) employment conditions (2) nature of economic activities (3) ownership of enterprises (4) use of raw materials

Last Answer : (3) ownership of enterprises Explanation: The classical breakdown of all economic sectors is: primary, secondary and tertiary. However, on the basis of ownership, the sectors are: business sector, private sector (privately run businesses), public sector (state sector) and voluntary sector.

An economy which does not have any relation with the rest of the world is known as (1) Socialist economy (2) Closed economy (3) Open economy (4) Mixed economy

Description : An economy which does not have any relation with the rest of the world is known as (1) Socialist economy (2) Closed economy (3) Open economy (4) Mixed economy

Last Answer : (2) Closed economy Explanation: A Closed economy is an economy in which no activity is conducted with outside economies. A closed economy is self-sufficient, meaning that no imports are brought in ... The goal is to provide consumers with everything that they need from within the economy's borders.

The main feature of a capitalist economy is - (1) Administered prices (2) Public ownership (3) Economic planning (4) Private ownership

Description : The main feature of a capitalist economy is - (1) Administered prices (2) Public ownership (3) Economic planning (4) Private ownership

Last Answer : (4) Private ownership Explanation: Capitalism is an economic system that is based on private ownership of the means of production and the production of goods or services for profit. Other elements central to capitalism include capital accumulation and often competitive markets.

Price mechanism is a feature of - (1) Capitalist economy (2) Barter economy (3) Mixed economy (4) Socialist economy

Description : Price mechanism is a feature of - (1) Capitalist economy (2) Barter economy (3) Mixed economy (4) Socialist economy

Last Answer : (1) Capitalist economy Explanation: Price mechanism is an economic term that refers to the manner in which the prices of commodities affect the demand and supply of goods and services. It is ... that only by allowing prices to move freely will the supply of any given commodity match demand.

Which one of the following is not a function of the central bank in an economy? (1) Dealing with foreign exchange (2) Controlling monetary policy (3) Controlling government spending (4) Acting as a banker's bank

Description : Which one of the following is not a function of the central bank in an economy? (1) Dealing with foreign exchange (2) Controlling monetary policy (3) Controlling government spending (4) Acting as a banker's bank

Last Answer : (3) Controlling government spending Explanation: A central bank, reserve bank, or monetary authority is a public institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries.

Capital formation in an economy depends on - (1) Total Income (2) Tot al demand (3) Total savings (4) Total production

Description : Capital formation in an economy depends on - (1) Total Income (2) Tot al demand (3) Total savings (4) Total production

Last Answer : (3) Total savings Explanation: Capital formation refers to capital accumulation, referring to the total "stock of capital" that has been formed, or to the growth of this total capital stock. ... a measure of the amount by which the total physical capital stock increased during an accounting period.

The supply of labour in the economy depends on - (1) Population (2) National income (3) Per capita income (4) Natural resources

Description : The supply of labour in the economy depends on - (1) Population (2) National income (3) Per capita income (4) Natural resources

Last Answer : (1) Population Explanation: The supply curve for labor depends on variables such as population, wage rates, etc. in developing countries, the vast population base explains the relatively lower wage ... accessibility to labour supply. This is just the opposite in the case of developed countries.

Aneconomy in which there are no flows of labour, goods or money to and from other nations is a/an - (1) slow economy (2) mixed economy (3) closed economy (4) open economy

Description : Aneconomy in which there are no flows of labour, goods or money to and from other nations is a/an - (1) slow economy (2) mixed economy (3) closed economy (4) open economy

Last Answer : (3) closed economy Explanation: An economy that does not interact with the economy of any other country is known as closed economy. A closed economy is selfsufficient, meaning no imports are brought in ... It is the opposite of an open economy, in which a country conducts trade with outside regions.

The supply-side economics lays greater emphasis on - (1) Producer (2) Global economy (3) Consumer (4) Middle Man

Description : The supply-side economics lays greater emphasis on - (1) Producer (2) Global economy (3) Consumer (4) Middle Man

Last Answer : (1) Producer Explanation: Supply-side economics emphasizes economic growth achieved by tax and fiscal policy that creates incentives to produce goods and service. It lays great emphasis on entrepreneurs, investors and producers who are treated the prime movers on which the economy depends.