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May 19, 2022 

AmosWEB means Economics with a Touch of Whimsy!

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X-INEFFICIENCY: Cost that is higher than it needs to be because a firm is operating inefficiently. This is most often seen for firms that have a great deal of market control, especially monopoly. The lack of competition allows a business to pad it's expenses, hire unneeded employees (like relatives), goof off instead of working, and all sorts of other things that lessen production and increase cost. The business is not penalized for these actions, because market control allows the company to extract whatever price is needed to cover cost.

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AmosWEB LLC ("AmosWEB")
World Wide Web Privacy Policy Statement

AmosWEB LLC ("AmosWEB") World Wide Web Privacy Policy Statement AmosWEB acknowledges the importance of protecting the privacy of Personal Information collected about its users or subscribers. "Personal Information" includes, but is not limited to, usage data, along with the name, address, telephone number, e-mail address, and payment information of AmosWEB users or subscribers. Therefore, AmosWEB does not sell or otherwise disclose any individually identifiable Personal Information about any user or subscriber without an express and informed consent of such user or subscriber. However, AmosWEB reserves the right to analyze and utilize user or subscriber data in order to more effectively optimize the user experience. AmosWEB has adopted this Privacy Policy to inform AmosWEB users or subscribers how it does collect, store, and use Personal Information.

The Information We Collect

To help us achieve our goal of providing the highest quality services, we collect and apply information from our interactions with visitors, subscribers and users to the AmosWEB site. Because we respect your privacy, we have procedures to ensure that your Personal Information is handled in a safe, secure, and responsible manner. The information we receive and collect depends on what a visitor, subscriber or user does when visiting one of the AmosWEB sites.

In general, AmosWEB users are able to visit many of our Web pages without telling us who they are or revealing any information about themselves. As discussed under "Usage Data" below, we may track the Internet domain or "Internet protocol" addresses from which users visit us and analyze this data in the aggregate to determine usage for trends and statistics. Individual users will remain anonymous, unless they voluntarily tell us who they are.

Usage Data

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M3

The wide-range monetary aggregate for the U.S. economy containing the combination of M2 (currency, checkable deposits, and assorted savings deposits) and large-denomination, institutional near monies. M3 contains financial assets that are relatively liquid, but not quite as liquid as those found in M1 or M2. The near monies added to M2 to derive M3 include large denomination certificates of deposit, institutional money market mutual funds, repurchase agreements, and Eurodollars. M3 is one of three monetary aggregates tracked and reported by the Federal Reserve System. The other two are designated M1 and M2.

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Shopping Around For RETAIL PRICES

It's time for another one of our frequent stops at Mr. Market Super Food Discount Store, this time to check out the story behind retail prices. As consumers, we spend a large fraction of our nonworking, nonsleeping lives wandering grocery stores aisles, searching clothing store racks, and surveying department store displays for the right product at the right price. How do we know, like the name of the long-running game show, if "The Price is Right?" How are retail prices set and do they really tell us the value of a product?
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APLS

ORANGE REBELOON
[What's This?]

Today, you are likely to spend a great deal of time lost in your local discount super center wanting to buy either a lazy Susan for you dining room table or a set of serrated steak knives, with durable plastic handles. Be on the lookout for fairy dust that tastes like salt.
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This isn't me! What am I?

Junk bonds are so called because they have a better than 50% chance of default, carrying a Standard & Poor's rating of CC or lower.
"Perhaps the most valuable result of all education is the ability to make yourself do the thing you have to do, when it ought to be done, whether you like it or not; it is the first lesson that ought to be learned; and however early a man's training begins, it is probably the last lesson that he learns thoroughly. "

-- Thomas H. Huxley, Scientist

SDR
Special Drawing Right
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