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January 18, 2020 

AmosWEB means Economics with a Touch of Whimsy!

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MAASTRICHT TREATY: An agreement among 12 European nations in 1992 that established the European Union. The 12 nations signing the Maastricht Treaty are Belgium, Denmark, Greece, Germany, Spain, France, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Great Britain. This treaty was designed to form a more economically and politically integrated European economy, including the reduction or elimination of tariffs and nontariff barriers, the creation of monetary unit (the euro), the establishment of a common military and defense policy, and centralized monetary policy. This amended early agreements setting up a European common market. The Maastricht Treaty is merely one of several international trade agreements created over the years to reduce trade restrictions. Others include the General Agreement on Tariffs and Trade and the North American Free Trade Agreement.

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AmosWEB is an Internet-based resource of economics information offered by AmosWEB LLC. AmosWEB LLC was established April 1, 2000 to publish economics information and instructional resources through the World Wide Web.

At AmosWEB, we take economics seriously, but with a touch of whimsy. We recognize the importance of economics to our lives, careers, and citizenship, but we try to have a little fun with it along the way. On the one had... serious. On the other hand... whimsical. A balance much like that of demand and supply.

AmosWEB began its Internet existence under the name AmosWORLD. (You might see AmosWEB listed as AmosWORLD in some search engines. AmosWorld.com is currently maintained by a talented artist named Amos Kmiec.) We have been providing economics information through the World Wide Web since the earliest days of the World Wide Web, when memory was measured in kilobytes, disks were floppy, and PPP was the primary way to get online.

Over the years, we've provided economics information to students, instructors, and web surfers on six continents (we're still working on Antarctic). We have consistently ranked in the top 10 percent of all websites on the Internet (according to Rank.com). Our most popular resource is the AmosWEB GLOSS*arama, an extensive glossary of economics terms and concepts. We also offer the increasingly popular AmosWEB Encyclonomic WEB*pedia, and encyclopedia of economics.

We're also very proud of the AmosWEB eTutor, a subscription service used by all sorts of students seeking a little extra help with their course work and the AmosWEB Programmed Learning System (A*PLS), an integrated online learning system designed for traditional classes, hybrid courses, and online distance learning.

The principle author and content developer of AmosWEB is Orley M. Amos, PhD, a Professor of Economics at Oklahoma State University with a couple of decades of instructional experience. Assistance has been provided over the years by Antonio Avalos, PhD, an Assistant Professor of Economics at California State University, Fresno.

AmosWEB LLC is presently based in Stillwater, Oklahoma with a branch office in Wichita, Kansas.

Written correspondence concerning can be directed to AmosWEB, 1411 North Grandview Court, Stillwater, Oklahoma, 74075-6903. Email correspondence can be sent to AmosWEB WebMaster.

INDIRECT BUSINESS TAXES

The official entry in the National Income and Product Accounts maintained by the Bureau of Economic Analysis for sales taxes. Indirect business taxes are one key difference between national income (the resource cost of production) and gross (and net) domestic product (the market value of production). Indirect business taxes (IBT) is generally less than 10 percent of gross domestic product (7 to 8 percent is common).

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An Altogether Look at UNIONS

Hey, look! Is that who I think it is? Yes of course, that's Dan Dreiling the drywall guy. You might recall that Dan repaired a hole in my living room wall back in Fact 7. He's coming out of the Mona Mallard Duct Tape Industries plant with all of the duct tape factory workers. And he seems most distressed. Let's get to the bottom of this. Here's his story. The drywall business sort of dried up, and Dan has taken up employment in the exciting field of duct tape fabrication. The duct tape workers, though, are talking union. Dan's indecisive about this move toward unionization. Perhaps we can help him out. Let's stroll around the often controversial topic of labor unions.
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BROWN PRAGMATOX
[What's This?]

Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors wanting to buy either clothing for your kitty cats or a set of luggage without wheels. Be on the lookout for slow moving vehicles with darkened windows.
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This isn't me! What am I?

The first "Black Friday" on record, a friday marked by a major financial catastrophe, occurred on September 24, 1869 -- A FRIDAY -- when an attempted cornering of the gold market induced a financial crises and economy-wide depression.
"Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover."

-- Mark Twain

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