Your Questions About Profitable Trading Plan

George asks…

How much does the government get for my clunker?

With the current “Cash for Clunkers” program the government ships old car cubes made of steel into the empty containers going back into China. How much does China pay the U.S. for the steel? Is this plan profitable enough to go on without expiration? Is trading U.S. dollars for steel a good deal? I guess we are trading U.S. dollars for Japanese and Korean automobiles, so perhaps it is a good deal. It is good for the environment at least. I think I would describe it as one big circle of life with the economy creating a better living environment for everyone. Everyone involved that is.

John answers:

I feel the same way about used cardboard. I feel like I am being ripped off recycling for free when they sell it back to China.

Maria asks…

Would it be good to build a megachurch?

have like a mega church that sits 5,000 people and then make money on the side by trading options in the stock market, also having some franchises like subway and starbucks, if I follow a good plan like this, I can be the most profitable MEGA CHURCH in the USA

AM I RIGHT?

John answers:

The false prophets have beaten you to it. Unless you have some magical powers to pull in the crowds and can bring about some pseudo miracles, then forget it.

Robert asks…

Does Obama want the price of gas to climb back up to $4 per?

gallon ?

Givens:

GM’S recent decision to get rid of 11 profitable lines of SUV’S and trucks and replace them with smaller more economical cars or in other words green cars. (The government now controls GM)

The democrats have quashed plans for exploration and drilling for oil and natural gas.

Obama plans to push the cap and trade initiatives that will raise prices of energy on all corporations especially the oil companies.
Addendum : I think global warming is a myth.

John answers:

At this point just name anything that’s damaging to America..I mean Anything and I guarantee he’s for it! I’m so pissed off I’m seeing Red!

Sharon asks…

History question: Why did the United States want the Latin American colonies to remain free?

Why did the United States want the Latin American colonies to remain free?
Here is an excerpt from my book:
“In the 1820s, the United States and Great Britain applauded when many Spanish colonies in Latin America won their freedom. The revolts against Spanish rule reminded Americans of their own earlier struggle for independence. The British, meanwhile, established a thriving trade with the new Latin American nations.
The British would lose money if any other power closed the door on its profitable Latin American trade. The tariffs of the Amer- ican Plan had reduced Britain’s trade with the United States. When Spain asked European nations to help it win back its colonies, both Great Britain and the United States objected. Why did the United States want the Latin American colonies to remain free?”
Maybe because it reminded the of their own, earlier struggle for independence?

John answers:

Nothing so high minded.

USA was worried that,if Spain or another European power gained control over the Latin American states, they would be close enough to present a threat to US territory and expansionist plans;for example,the Mexican-American War would have been harder to win if it had been French-American War instead.

James asks…

Can you answer these economic questions?

Hey everyone, I have never taken an economics course before, and am researching these as we speak but probably won’t have the correct answers in 29 minutes when this work must be submitted. Can you help? Thank you so much!

1. The invisible-hand concept suggests that:
A. market failures imply the need for a national economic plan.
B.big businesses are inherently more efficient than small businesses.
C. the competitiveness of a capitalistic market economy invariably diminishes over time.
D. assuming competition, private and public interests will coincide.

Question 2
.The division of labor means that:
A. labor markets are geographically segmented.
B. unskilled workers outnumber skilled workers.
C. workers specialize in various production tasks.
D.each worker performs a large number of tasks.

Question 3
In a market economy a significant change in consumers’ desire for product X will:
A. alter the profits or losses received by certain firms.
B. cause a reallocation of scarce resources.
C.cause some industries to expand and others to contract.
D.do all of these.

Question 4
.Innovation lagged in the centrally planned economies because:
A.. there was too much domestic business competition.
B. there was too much competition from foreign firms.
C.enterprises resisted innovation in fear that their production targets would be raised.
D. exports had to equal imports for the plan to work.

Question 5
Specialization in production is important primarily because it:
A.results in greater total output.
B. allows society to avoid the coincidence-of-wants problem.
C.allows society to trade by barter.
D.allows society to have fewer capital goods.

Question 6
The use of money contributes to economic efficiency because:
A.governmental direction of the production and distribution of output can be avoided by using money.
B.roundabout production could not occur without the availability of money.
C. it is necessary for the creation of capital goods.
D. it promotes specialization by overcoming the problems with barter.

Question 7
The market system’s answer to the fundamental question “What will be produced?” is essentially:
A. “Goods and services that are profitable.”
B. “Low cost goods and services.”
C. “Goods and service that can be produced using large amounts of capital.”
D. “Goods and services that possess lasting value.”

Question 8
Which of the following is not an economic cost?
A.wages.
B.rents.
C.economic profits.
D. payments made to the entrepreneur for organizing production.

Question 9
Which of the following characteristics is least unique to a market system?
A.private ownership of property resources
B.competition among buyers and sellers pursuing monetary returns
C.the widespread use of money
D. freedom of enterprise and choice

John answers:

1. The invisible-hand concept suggests that:
D. Is the best of 4 very wrong answers.

2 The division of labor means that:
C. Workers specialize in various production tasks.

3 In a market economy a significant change in consumers’ desire for product X will:
D. Do all of these.

4 Innovation lagged in the centrally planned economies because:
C. Is very slightly correct

5 Specialization in production is important primarily because it:
A.results in greater total output.

6 The use of money contributes to economic efficiency because:
D. It promotes specialization by overcoming the problems with barter.

7 The market system’s answer to the fundamental question “What will be produced?” is essentially:
A. “Goods and services that are profitable.” Is the most “right-ish” answer

8 Which of the following is not an economic cost?
C. Economic profits, but the allegedly “right” answer is probably D

9 Which of the following characteristics is least unique to a market system?
C.the widespread use of money

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