Monday, October 19, 2009
SNL On Obama's Accomplishments
Click on the title above to read a rebuttal to the satire's assertion.
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An interactive observation tower, surveying one man's attempt at making sense of it all.
"An economist is someone who sees something working in practice and asks whether it would work in principle."
Gabriel Ushinohama
ReplyDeletePeriod 6
Mainly used in economics, the term "deadweight loss" can be applied to any deficiency due to an inefficient allocation of resources.
An example of this would be if a producer made more of a product in expectations that do not prove to be true.