ECN 340 Lecture Notes - Lecture 12: Real Income, Demand Curve, Pecan
27 Jan 2017
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Chapter 12 fat economics why people have been getting fat. Over the last half century there has been a world wife weight-gain problem, including. Excess weight has been associated with at least 35 diseases, particularly diabetes and heart disease. The overweight problem has led for a demand for larger cars, thus more gasoline and jet fuel (due tom heavier passengers) We will see that the main issue is that the full price of fast-food is lower than the price at which on could make the same food at home. Many lay the blame for obesity on people"s loss of control or businesses" greed to take profit, but these explanations do not stand up to security. While obesity and weight problems is particularly acute in the u. s. , it also a major problem in canada. Since the 1950"s people"s income has risen faster than prices. Real income (inflation adjusted) is higher than it was 60 years ago.
