Thursday, November 12, 2009

AP Economics: 12 November 2009


Current Events:

CNBC – Dollar Will be Utterly Destroyed, Global Currency, New World Order

The dollar will get “utterly destroyed” and become “virtually worthless”, said Damon Vickers, chief investment officer of Nine Points Capital Partners. Due to the huge wage disparities between the United States and emerging markets like China, Vickers said that may resolve itself in some type of a global currency crisis.

“If the global currency crisis unfolds, then inevitably you get an alignment of a global world government. A new global currency and a new world order, so we may be moving towards that,” he said.

Chapter 5 Elasticity

Chapter Five (Continue): Powerpoint Lecture


Chapter 5 Elasticity

1. Define the first column of "Key Concepts," from Price elasticity of demand - Cross elasticity of Demand, p. 133;

2. Study for Chapter Four Test on Monday (40 Multiple-Choice questions).