Tag Info

Hot answers tagged

11

You firstly have to know that the major reasons her predecessors didn't win their battle against the trade unions was that they never actually had a battle. Her immediate predecessors were Labour, and hence did not battle the unions as both the Labour party and the unions were a part of the same workers movement and to some extent was made up of the same ...


11

Khomeini was in France because he had been expelled from Iran and then Iraq, and his aides had advised him to go to Europe, and because France granted him political asylum. He was at the time an aged and relatively obscure religious figure, a target of political persecution who had not been to his home country in well over a decade. They probably saw him as ...


4

Conrad Black describes the circumstances in Richard M. Nixon: A Life in Full as follows: The inevitable swarms of conspiracy theorists claim that [Alexander] Haig brokered a pardon for Nixon from Ford. Both Haig and Ford deny this and have done so in identical and strenuous terms for over thirty years at the time of writing ... Further, Nixon ...


4

I don't disagree with @T.E.D's answer, but I think there is an alternative explanation that is a bit more succinct. The short answer that my econ profs gave is that although in theory wages can be treated as a good (the price rises when in short supply, and falls when in surplus), wages are "sticky downward" - there are legal and practical reasons why the ...


1

It neither contradicts commons sense, nor basic economics. In classic (micro) economics, every good can be represented by two curves: A supply curve and a demand curve, plotted against price for the good and amount sold. The point where the two curves intersect defines the natural market price for that good. Now if some external event comes along to make ...



Only top voted, non community-wiki answers of a minimum length are eligible