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Joined: Nov 2000
Posts: 3,146
Carpal Tunnel
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Carpal Tunnel
Joined: Nov 2000
Posts: 3,146 |
Elementary economic theory states that value is determined by rarity.Well, not precisely. Value is determined by the amount of demand for the quantity available. Pure economic theory has it that value will be driven up by an excess of demand over supply. Therefore, anthrax-riddled sheep can be as rare as you like, but the value would still be zero (or negative) because the demand would be 0 (or negative). In reality of course, scarcity is only one determinant of value.
The idiot also known as Capfka ...
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Joined: Mar 2000
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old hand
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old hand
Joined: Mar 2000
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..anthrax-riddled sheep can be as rare as you like, but the value would still be zero ok, point taken. I should have put "very much influenced" instead of "determined". Now, if I were the leader of a "rogue nation", and knew that your sheep were the only remaining reservoir of anthrax...
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Joined: Aug 2000
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Carpal Tunnel
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Carpal Tunnel
Joined: Aug 2000
Posts: 3,409 |
Now, if I were the leader of a "rogue nation", and knew that your sheep were the only remaining reservoir of anthrax...By "rogue nation" do you mean "any member of the EU"? Anthrax is about the only disease that European or US media have not accused NZ sheep of having recently.
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Joined: Nov 2000
Posts: 3,146
Carpal Tunnel
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Carpal Tunnel
Joined: Nov 2000
Posts: 3,146 |
Anthrax is about the only disease that European or US media have not accused NZ sheep of having recently.
Then let's just hope that no one working in Brussels reads this thread ...
The idiot also known as Capfka ...
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