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Do you think understanding the economy is more important now than it was 20, 30,50 years ago?

Do you think understanding the economy is more important now than it was 20, 30,50 years ago? Topic: Essay on natural disaster
June 17, 2019 / By Beatrix
Question: Why or why not? What is your opinion? FLVS students: Don't use this in the Economics essay! These answers have already been used and if they are used it again, you can be caught CHEATING.
Best Answer

Best Answers: Do you think understanding the economy is more important now than it was 20, 30,50 years ago?

Adena Adena | 6 days ago
I think it is just as important now. We have more complex relationships with the international picture which make things more challenging to predict, understand, and resolve. Globalization has changed economic theory. The ability to collect relevant data is so much better now and we can see problems coming with more advance notice. However, much like a natural disaster such as a tornado, knowing something is on the horizon vs. knowing what can be done to minimize it's damage are two different beasts.
👍 220 | 👎 6
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We found more questions related to the topic: Essay on natural disaster


Adena Originally Answered: Do you believe that the letter of the law is less important than its intent, or more important?
My personal belief is in the intent of the law. That said, the police believe in the letter of the law, and so do the courts in most cases. Sometimes a progressive judge will listen to explanations, sometimes not. Now, my personal creedo: A law is made with the intent of protecting the majority from the actions of a minority, and the same can be said for legislation, constitution, religion, relation etc. If it is adequate to the situation to follow this intent, then it should be followed. Herein lies the rub. Adequate in one case is not in another. Thereby lies the reason for letter of the ?, which makes every case available to determination by a body of enforcement such as police, who now do not need to know case history etc, but may enforce based on the law as written. This applies in community. For one, isolated, it would not matter. But for one, isolated, there would be no enforcement either, right?
Adena Originally Answered: Do you believe that the letter of the law is less important than its intent, or more important?
I think that the intent of the law is most important. For example: The USA has a law that forbids US businesses from doing business with terrorists and Iran. Haliburton Corp. is a US business (VP Cheney was a Director of Haliburton until December 31, 2000). Haliburton bought a foreign subsidiary and that subsidiary was doing business with Iran. At the same time Haliburton was receiving no bid contracts from the USA for work in Iraq and President Bush was screaming about Iran's attempt to obtain their own nuclear technology to make a bomb. Haliburton was wrong by doing business with Iran through the "loophole" in the law. They should be punished by having to refund the amount they received from the US while doing work for our enemy.

Tel Tel
i do no longer have confidence that comprehend-how the financial gadget is greater substantial now than it replaced into in the past. the version is that we are residing interior the advice age the place wisdom transfers very immediately allowing human beings to appreciate and make judgements swifter. although, in the past, financial gadget replaced into in basic terms as substantial with the aid of fact in case you look traditionally, you will see that financial crashes handed off with the aid of shortcoming of comprehend-how and lack of ability to alter issues immediately for the financial gadget to artwork. even inspite of the incontrovertible fact that one would desire to think of that the financial gadget has replaced, which in and of itself is right. although the fundamentals are nevertheless a similar. furnish and demand, growth curves, industry techniques are all nevertheless comparable to they have been 20, 30, 50 years back. For that depend this is how this is been. this is in basic terms my humble opinion.
👍 90 | 👎 2

Philander Philander
more important because information technology allows things to happen faster while standardization and globalization mean that things have bigger effect.
👍 85 | 👎 -2

Philander Originally Answered: What if I have a 3 Years/36,000 Mile warranty and im under the 36,000 miles 6 years later?
Doesn't matter if you only had 100 miles on it, it expires 3 years from the date it was first sold. Likewise, if it was only 1 year old and had 45,000 miles on it, it would be out of warranty. I would get a second opinion on the repair. I would also like to know what they mean by it's "the box" --- sounds suspiciously vague and possibly misleading as if they either don't know, or are trying to release as much money as possible from your wallet. You don't say exactly what your A/C system is (or isn't) doing, so it's really hard to say for sure. Could be something as simple as a relay that costs $15, a resistor, an actuator that changes the doors inside the case, the control iteself gone bad, or an y other number of things.

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