Monday, April 21, 2008
Gas Prices
I think probably everyone has written a post about gas prices, but we were talking about this in Government the other day, so I thought I could relate it to Econ. Mr. Swantz told us that he has a business in lawn mowing that he does on the side. He said that because gas prices are so high, he has to raise the prices of how much it costs to mow lawns. He said that some people understood that higher gas prices meant they were going to have to pay more to get their lawns mowed, but he also said some people were so mad at the increase in price that they didn't want him to mow their lawn anymore. I think that stuff like this might start to happen everywhere. People aren't going to want to spend money on things, because gas. It's kind of scary that basically everything our society sells is dependent on the price of gas.
Sunday, April 6, 2008
Value of Dollar
We were talking about this in Government the other day and I thought it related to Econ. The value of the dollar is extremely weak right now compared to what it has been, and compared to other countries. It used to be that you could go over to Europe and get like 2 Euros for every 1 dollar bill. Now it's the other way around. Mr. Swantz was talking about how now because of this, people from other countries want to travel here more, because they can get more for their money than we would if we would go over seas. I was also wondering if this affected our imported and exported goods. Do businesses outside of the United States get a better deal on goods we give them, than we do from goods imported into the United States?
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