Steppenwolfe
Super Member
- Joined
- Apr 11, 2012
- Messages
- 6,374
- Location
- The Blue Ridge Mountains
- Tractor
- Kubota MX5400, 1140 RTV
Welcome to Economics 101...That is highway robbery. I pity people that have no choice but to pay that price.
Welcome to Economics 101...That is highway robbery. I pity people that have no choice but to pay that price.
Welcome to Economics 101...
And elasticity and in-elasticityI remember taking Econ 101 - but that was a lifetime ago. All I remember is supply and demand.
Come to think about it - that was pretty much all there was to Econ 101!
MoKelly
And elasticity and in-elasticityProf. gave pop quizzes on Fridays to make us show up.
His classic question was "Is the sun shining"? Answer is always yes.
One of the US’s options is to import more lumber, particularly from Europe, which has stock in surplus. Over the past five years, Austria, Germany and the Czech Republic have had to harvest nearly 250 million cubic metres of spruce damaged by another bark beetle infestation, this too brought on by the warming climate. Ironically, if one beetle has depressed wood supplies to the US, another may yet elevate it.