Comments on: Free trade and low death rate = bad business http://welkerswikinomics.com/blog/2008/03/04/free-trade-and-low-death-rate-bad-business/ for students and teachers of AP and IB Economics Sat, 22 Nov 2008 08:52:08 +0000 http://wordpress.org/?v=2.6.3 By: James Tsao http://welkerswikinomics.com/blog/2008/03/04/free-trade-and-low-death-rate-bad-business/#comment-4420 James Tsao Sun, 09 Mar 2008 12:53:13 +0000 http://welkerswikinomics.com/blog/2008/03/04/free-trade-and-low-death-rate-bad-business/#comment-4420 So basically whats causing trouble for the family business in Vermont is competition posed by cheap imported Chinese granite and the fact that less people are dieing. Learned in micro economics, both of these conditions decrease demand. Cheap substitutes poses great competition to the family business as many rational consumers would choose cheaper products. The other factor, decreases in death rate, is pretty self-explanatory in terms of the nature that when people die less, people need less of the product that the family business has to offer here. So basically whats causing trouble for the family business in Vermont is competition posed by cheap imported Chinese granite and the fact that less people are dieing. Learned in micro economics, both of these conditions decrease demand. Cheap substitutes poses great competition to the family business as many rational consumers would choose cheaper products. The other factor, decreases in death rate, is pretty self-explanatory in terms of the nature that when people die less, people need less of the product that the family business has to offer here.

]]> By: ElaineLung http://welkerswikinomics.com/blog/2008/03/04/free-trade-and-low-death-rate-bad-business/#comment-4400 ElaineLung Wed, 05 Mar 2008 15:19:56 +0000 http://welkerswikinomics.com/blog/2008/03/04/free-trade-and-low-death-rate-bad-business/#comment-4400 First impression: they need to change the music in the beginning. It's like a throwback to I don't know when, but I do know I don't want to be there. I do feel bad for that little Vermont industry. They can't keep up with the low prices offered by granite suppliers in China. I can't say much about the lower death rate though. On one hand, it seems like a good thing, because yay, people aren't dying as much. On the other hand, crap, people aren't dying as much and we have too many people. I just reached the end of the podcast, and they need to change the music at the end, too. Askjfaldjfbadmusicmakesmyearsbleed. First impression: they need to change the music in the beginning. It’s like a throwback to I don’t know when, but I do know I don’t want to be there.

I do feel bad for that little Vermont industry. They can’t keep up with the low prices offered by granite suppliers in China. I can’t say much about the lower death rate though. On one hand, it seems like a good thing, because yay, people aren’t dying as much. On the other hand, crap, people aren’t dying as much and we have too many people.

I just reached the end of the podcast, and they need to change the music at the end, too.

Askjfaldjfbadmusicmakesmyearsbleed.

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