Filter Results By:

Reset Filters

We have over 1000 essays for "Economic Impact"

Having trouble coming up with an Essay Title?

Use our essay title generator to get ideas and recommendations instantly

View Full Essay

Economics Course Economics Impacts on Many Areas

Words: 1131 Length: 3 Pages Document Type: Essay Paper #: 86387567

Economics Course

Economics impacts on many areas of life subsequently it will impact on many areas of professional life. eflecting on the lessons learned, including the knowledge and skills gained, the real value is in the way that economics concepts can be applied to the real world; not only to explain event that are seen in the macro-environment, but to guide the way personal decisions will be made with that knowledge.

The first indicator of the lessons and concepts taught in the class being absorbed and developing into transferable knowledge has emerged with an increased understanding of the way that the economy operates and the influences which are present in the economy that are driving up prices.

There are many examples of the economic concepts; one example is the way that supply and demand has impacted on oil prices which has had a knock on effect in the economy as…… [Read More]

References

Baye Michael, (2007), Managerial Economics and Business Strategy, McGraw-Hill/Irwin

Greimel, Hans, (2012. April 30), Toyota wants high-volume U.S. Prius output by '15; Hunt is on for N.A. hybrid parts suppliers, Automotive News, p4

Nellis JG, Parker D, (2006), Principles of the Business Economics, London, Prentice Hall.

Scholes, Louise; Siegel Donald S; Wilson, Nick; Wright, Mike, (2012, Feb), Private equity portfolio company performance during the global recession, Journal of Corporate Finance, 18(1), 193.
View Full Essay

Economic Loss East Hartford Connecticut

Words: 1032 Length: 3 Pages Document Type: Term Paper Paper #: 29623828

The national unemployment average was 7,591,000 in 2005. Therefore, an addition of 8,500 people would represent a.11% change in unemployment. Factor in additional domestic job losses from the closing of that company, and it is very possible that the closing of Pratt & Whitney would be enough to cause a reversal in the current trend, which is a decline in unemployment rates.

Connecticut's unemployment compensation would experience the most immediate and dramatic impact. For example, if all of Pratt & Whitney's employees are entitled to full unemployment benefits, then the first unemployment cycle for those employees would result in over $4 million in unemployment benefit payments. If all of those employees remain eligible for unemployment for the full benefit period, those payments would total over $104 million. Those estimates may be high, because not all employees would qualify for the full benefit payment or for the entire benefit period. In…… [Read More]

View Full Essay

Economics Unemployment if You Loose

Words: 1107 Length: 3 Pages Document Type: Thesis Paper #: 60408692

d.).

In order to understand this idea about inventories, it is necessary to understand that if the prices were to change and not be rigid, then it would be the prices and not the inventories that would guide companies in their decisions about production. For example, if prices were increasing, a company would know that their product is popular and that they should increase the production of it. And if the prices were decreasing, the company would know that their product is not selling well and that they should probably reduce its production. In an economy though where the prices are fixed, companies need another way of deciding whether they should increase or decrease production. This is where Keynes came to the conclusion that the key is to observe the changes in the inventories in order to drive production (hat Causes a Recession to be a Recession, n.d.).

Over the…… [Read More]

Works Cited

Harrison, Edward. "Chart of the Day: Unemployment as a Recession Indicator." 2008. Credit

Writedowns. 7 April 2009

Reddy, Sudeep. "Jobless Rate Hits 8.5%." The Wall street Journal. April 2009

View Full Essay

Economic Philosophy Crime and Punishment

Words: 2625 Length: 8 Pages Document Type: Term Paper Paper #: 89531216

e. D (0), the cost of fighting crime / proportion of corrections i.e. C (P0) and the crimes / social costs / negative impacts on to offender i.e. FO. These different elements are important, because the combination of them is helping us to understand the total impact of crime and punishment on the economy.

As a result, these different factors are used in a basic formula to comprehend the effects of social phenomenon and crime on the economy. elow is the equation that is used to objectively evaluate what is occurring.

L (social / economic impact) = D (0) + C (P0) + FO

This formula is important, because it is providing us with a basic strategy that can be used to objectively evaluate the how crime and punishment are impacting society. Once this occurs, is when we can see the total economic impact of this on communities and the…… [Read More]

Bibliography

"Social." (2011).

Becker, Gary. "Crime and Punishment." The Journal of Political Economy 76.2 (1968), 169 -- 217. Print.
View Full Essay

Economics the Industrial Age Was an Age

Words: 1953 Length: 4 Pages Document Type: Term Paper Paper #: 86334641

ECONOMICS

The industrial age was an age of giant, mega corporations that were often bogged down by inefficient and outdated distribution, innovation, and production techniques. y contrast, the information age of the past 20 years or so has brought forth a new business form, a fluid congregation of businesses, sometimes highly structured, sometimes amorphous, that come together on the internet to create value for customers and wealth for their shareholders. This phenomenon has been commonly referred to as "digital capital," "information technology revolution," or "new economy." However, as both the Dow Jones Industrial Average and the Nasdaq soared to historic highs and record volatility in just a few short years, a widespread and quite fundamental disagreement emerged concerning whether or not the high-tech boom was nothing more than one huge bubble.

This paper analyzes and examines the present condition of the United States economy. Part II discusses what phase of…… [Read More]

Bibliography

Bedroussian, Armen, Devol, Ross C., Fogelbach, Frank, Goetz, Nathaniel H., Gonzalez, Ramon, R., and Wong, Perry. "The Impact of September 11 on Metropolitan Economies." January 2002. Retrieved at http://www.milken-inst.org/presrel/NationalMetroImpact Report.pdf on July 21, 2002.

Jordan, Meredith. "Economists: Turnaround in Early 2002." Retrieved at  http://atlanta.bizjournals.com/atlanta/stories/2001/07/09/story5.html . onJuly 21, 2002.

Moore, Geoffrey H. Business Cycles, Inflation and Forecasting, 2nd edition, 1983. Ballinger Publishing Co., Cambridge, MA.

EconEd Link." Retrieved at  http://www.econedlink.org/datalinks/index.cfmonJuly  21, 2002.
View Full Essay

Economics of Alchohol Abuse Alcohol for Consumption

Words: 1853 Length: 4 Pages Document Type: Term Paper Paper #: 61366901

Economics of Alchohol Abuse

Alcohol for consumption is not a necessary food item, but for some has become a standard part of adult culture. Increasing the level of alcohol consumption, however, moves from an economic paradigm to a social issue due to the ancillary health and behavioral effects from alcohol abuse. In turn, this becomes part of economics in that it requires fiscal resources to treat societal issues caused by alcoholism: domestic abuse, crime, traffic or driving issues, etc. The economic effects of alcohol are undebatable, and are pervasive in the overt and covert areas of the economy (short- and long-term) (Fogarty, 2006).

In the economic sphere of political and social policy, alcohol, like tobacco and gambling, are considered a "sin" tax that is ostensibly designed to reduce transactions for issues society considers dangerous or undesirable. However, when it comes to alcohol, many see that this type of a sumptuary…… [Read More]

REFERENCES

Ensuring Solutions to Alcohol Problems. (2011). Ensuring Solutions. Retrieved from:  http://www.ensuringsolutions.org/ 

Profit-Maximization in the Long Run. (2010). Welker'sWikinomics. Retrieved from: http://welkerswikinomics.wetpaint.com/page/Profit-Maximization+in+the+Long-run

Tobacco, Alcohol Industries Reject New Sin Tax Bill. (February 22, 2012). ABS/CBN News. Com. Retrieved from:  http://www.abs-cbnnews.com/business/02/22/12/tobacco-alcohol-industries-reject-new-sin-tax-bill 

Avorn, J. (2004). Powerful Medicines: The Benefits, Risks, and Costs of Prescription Drugs. New York: Random House.
View Full Essay

Economic and Constitutional Issues Surrounding

Words: 1016 Length: 3 Pages Document Type: Term Paper Paper #: 76555665



It is also argued that the insurance mandate is not constitutional since the government does not have the right to tell the United States citizens what products to purchase, even when these products are beneficial for them, and even less when the socio-economic impact of purchasing the respective items is questionable (Savage, 2009).

Arguments against changing the direction of the policy

Once again delaying any measures to restructure and resolve the two impending problems in the health care system (raising costs and insufficient coverage) does not constitute a constructive approach to resolving the impending problems

Aside the socio-economic problems it raises, the mandatory health insurance would ensure that all the U.S. citizens benefit at least from the basic health care services and this does not put tremendous strains on the federal budgets.

5. ationale of the suggestion to change the direction

Despite the benefits the mandatory health insurance would generate…… [Read More]

References:

Barnett, R., 2009, Is health insurance mandate constitutional? last accessed on June 18, 2010

Berger, J., 2009, a health insurance mandate that works like auto insurance? Think again,  http://www.foxnews.com/politics/2009/09/14/health-insurance-mandate-works-like-auto-insurance-think  / last accessed on June 18, 2010

Bihari, M., 2010, Mandated benefits -- understanding mandated health insurance benefits,  http://healthinsurance.about.com/od/reform/a/mandated_benefits_overview.htm  last accessed on June 18, 2010

Cowen, T., 2009, How an insurance mandate could leave many worse off,  http://www.nytimes.com/2009/10/25/health/policy/25view.html  last accessed on June 18, 2010
View Full Essay

Economic Effects of Crime in

Words: 878 Length: 3 Pages Document Type: Term Paper Paper #: 58078888



Throughout most of the 20th Century, organized crime accounted for a tremendous economic costs passed along to consumers, particularly (but hardly exclusively) in large cities like New York, and Chicago, among many others. Originally formed in this country during the Prohibition years in the 1920s, the criminal enterprises that exploited the black market for illegal liquor subsequently branched out to infiltrate other large industries, such as construction, food and liquor distribution, interstate trucking, waste disposal, and the garment industry.

Primarily by penetrating into the leadership organization of unionized industries, organized crime managed to siphon off public funds, "skim" illegal profits from large corporations, and control entire otherwise legitimate industries through intimidation, including labor strikes initiated via its control of labor unions. The result increased the cost of almost everything sold to consumers in the form of goods and services throughout much of the country. In recent years, increased federal law…… [Read More]

References

Ballezza, R. (2007) the Social Security Card Application Process: Identity and Credit Card Fraud Issues; FBI Law Enforcement Journal, Vol. 76 No. 5, May/07

Hendrie, E. (2006) Breaking the Bank; FBI Law Enforcement Journal, Vol. 75

No. 7, Jul/06

U.S. Department of Justice (2007) Uniform Crime Reports. Federal Bureau of Investigation Homepage. Accessed October 23, 2007, at  http://www.fbi.gov/ucr/ucr.htm#cius
View Full Essay

Economics Finance MBA Level

Words: 13568 Length: 50 Pages Document Type: Term Paper Paper #: 39727750

disrupting America's economic system is a fundamental objective of terrorists

Even as the world continues to struggle with the terrible shock from the September 11 attacks in New York and Washington, one principle lesson has already become clear: disrupting our economic system is a fundamental objective of terrorists.

Prior to September 11, our economic environment was certainly not immune to terror, in comparison to many other nations; we lived relatively terror-free. Now, however, the aftermath of the terrorist attacks serves as a grim reminder that international relations and security developments can dramatically affect economic performance.

US History is replete with countless examples when macro fundamentals are overtaken by what economists refer to as, exogenous shocks -- surprise events that can profoundly and often unpredictably shift political and economic resources, and send even the most accurate forecasts astray. Commodity shocks, such as the two OPEC jolts in the 1970s, are classic…… [Read More]

References

Bagehot, Walter. 1927. Lombard Street: A Description of the Money Market, John Murray, London.

Balbach, Anatol B. 1981. "How Controllable is Money Growth?" Federal Reserve Bank of St. Louis Review, vol 63, no 4, April, p. 5.

Becker, Gary S, Steven N. Kaplan, Kevin M. Murphy and Edward A Snyder. (2002 / winter). "The Economic Effects of September 11," GSB Magazine, University of Chicago's Graduate School of Business.

Bell, Stephanie. 2000. "Do Taxes and Bonds Finance Government Spending?." Journal of Economic Issues, Vol. 34, no. 3, pp. 603-620.
View Full Essay

Economic Basis of American Cities Change From

Words: 1553 Length: 5 Pages Document Type: Essay Paper #: 74381820

economic basis of American cities change from colonial era to 1860 and why did it change.

here is little doubt that there were a significant amount of economic changes taking place within the fledgling United States of America from its inception during colonial time to the year preceding the Civil War, 1860. hose changes were widely facilitated by advancements made during the Industrial Revolution and those pertaining to the practice of chattel slavery in the southern portion of the country. As such, the economics for American cities reflected these two principle sources of change, which were also underscored by a chief point of division in American social, political and economic life up until the Civil War: the distinction between autonomy and states' rights and circumscribed freedom and a strong federal government. he reality is that the latter of these two choices were good for capitalism and for the U.S. As…… [Read More]

The true way that the economies of American cities changed was along the lines of labor sources. Because the cities in the south were populated by plantations and wanton, ruthlessly exploitative slave labor, the economic power was concentrated in the hands of a tiny few who were able to assert political power (especially at the federal level) to enact legislation that maintained slavery -- in new territories -- to keep them in economic control. In the North, however, the Industrial Revolution had spawned a manufacturing industry in which immigrant workers were able to make a living for themselves largely because they were able to stave off the process of cheap slave labor from populating these areas. What is interesting about these developments is that they conflicted with one another. The South's free labor from the backs of slaves was creating an unfair economic advantage with which the North could not compete. The plight of the Caucasian workers in the South -- in which they were marginalized and destitute because the wealthy plantation owners could forsake them in favor of cheaper slave labor -- was threatening to extend itself to the capitalist system in the country's north. Therefore, it is critical to note that the cutoff period for this assignment ends the year before the Civil War, since this martial encounter was largely fought to transform the collective economy of the nation's cities from one of agriculture to one of industry and to preserve the union in the process.

It is necessary to note the role that transportation played in the economic development of cities in the U.S. within the greater context of the changing labor supplies and their effects on both national and global capitalism. The Industrial Revolution helped to facilitate greater access to and means of transportation, particularly in the form of steam powered ships (which plied up and down the Mississippi River and in other parts of the country) and in terms of the railroad, which progressed increasingly westward. As a result, there were several terminus towns that sprouted up and came to become some of the country's most thriving cities such as Chicago, Cincinnati, and Buffalo. As a result of the railroad's foray into the western portion of the country, rudiments of the American system took place in which the West was used to supply raw materials for the North to refine and make into the finished products.

Essentially, the economies of American cities changed from the colonial period to 1860 due to developments in the Industrial Revolution and slavery which changed the labor supplies in the North and South of the countries. These changes resulted in a capitalist system which advantaged the South (with its free labor) to the disadvantage of the North -- which eventually resulted in the waging of the Civil War.
View Full Essay

Impact of Syrian Refugee Crisis on Marketing Arena

Words: 986 Length: 3 Pages Document Type: Essay Paper #: 26223237

Strategic management and marketing theory demonstrates that marketing activities are significantly affected by events in the external environment (Mullins & Walker, 2013). For instance, the PESTEL framework shows that business and marketing decisions must be made in consideration of political, economic, social, technological, environment, and legal factors. One event that is increasingly affecting marketing activities is the Syrian refugee crisis, which has resulted in the influx of hundreds of thousands of refugees into Europe (Kleintop & Schwab, 2015). This text considers the implications of the Syrian refugee crisis on the marketing arena. Attention is particularly paid to the impact of the crisis on industries as well as marketing strategy for businesses in Europe.

With the ongoing civil war in Syria, Europe has received the largest number of refugees in decades (Kleintop & Schwab, 2015). Whereas the crisis presents considerable political and security challenges for European governments, it also offers significant…… [Read More]

View Full Essay

Economics of the U S Wine

Words: 2081 Length: 7 Pages Document Type: Term Paper Paper #: 2027365



The state of Virginia may be considered a pioneer in wine making in that the very first wine cultivation experiments for the purpose of wine making were held here in the early 1600 (iancalana 2002). y the end of the 1800s, Virginia was already an important wine-producing state, although interrupted by prohibitionism. The industry was revived by local produces and investors who started investing on quality production again in the early 70s. Its present focus is mainly on Chardonnay, although the state also produces local varieties and hybrids as do other states in the east coast. Among its most important white hybrids are Seyval lanc, Vidal lanc and red hybrids Norton and Chambourcin. It also cultivates European species like Chardonnay, Riesling and Viognier for white species and Cabernet Franc, Cabernet Sauvignon, Merlot and arbera for red species. The most important wine areas in Virginia are Eastern Shore, Shenandoah Valley, Northern…… [Read More]

Bibliography

Biancalana, a (2002). United States of America. ABC Wine: DiWine Taste. 11 pages. Retrieved February 1, 2007 at http://www.diwinetaste.com/dwt/en200622.pdf

2. Geisler, M. (2006). Wine industry profile. Agriculture. 5 pages. Marketing Resource Center

Insel B, et al. (2007). U.S. wine, grapes, and grape products contribute $162 billion to economy. Wine Institute. 4 pages. Retrieved February 1, 2007 at  http://www.wineinstitute.org/industry/statistics/2006/us_wine_economic_impact.php 

Summer, D.A. et al. (2001). An economic survey of the wine and the winegrape industry in the U.S.A. And Canada. University of California. 35 pages.
View Full Essay

Economic and Social Impact of Labor Unions in Western Pennsylvania

Words: 3466 Length: 10 Pages Document Type: Term Paper Paper #: 41380217

history of unions in Western Pennsylvania is strong and rich. Factors including locality and population growth made western Pennsylvania, more specifically Pittsburgh, an ideal place for various industries. Sullivan (1955) asserts that Pennsylvania was ideal because it possessed many natural resources. The state possessed wooded mountains and fertile valleys. In addition, the state provided access to huge deposits of coal and iron ore. Sullivan (1955) the author also explains that the landscape was ideal because of the two waterways, the Delaware and Chesapeake ay, which provided access to world markets for Pennsylvania's various natural products (Sullivan 1955).

'This richly-endowed colony with its heterogeneous population was destined to assume a commanding position among the English settlements in North America. Throughout the eighteenth century, its commerce and industries held a preeminent position in ritish America, and Philadelphia, its capital, was unquestionably the cultural and intellectual center of the thirteen English colonies (Sullivan…… [Read More]

Bibliography

Bricklayers in Western Pennsylvania, (2005). Retrieved March 18, 2005 from;  http://www.library.pitt.edu/labor_legacy/Bricklayers.html 

Electrical Workers. (2005) Retrieved March 18, 2005 from;  http://www.library.pitt.edu/labor_legacy/electricalworkers.htm 

Operating Engineers. (2005) Retrieved March 18, 2005 from;  http://www.library.pitt.edu/labor_legacy/Engineers.htm 

The Early Days, 2004. (2005) . http://www.pft400.org/history/pfthistory.php
View Full Essay

Impacts of Tourism on Kaho Olawe

Words: 618 Length: 2 Pages Document Type: Essay Paper #: 79701444

Hawaii

Sustainable Tourism Impacts

The impact of sustainable tourism on Kaho'olawe can be divided into three constituent parts: the economic impact, the physical or environmental impact, and the socio-cultural impact.

Economic impact: The economic impact of sustainable tourism on Kaho'olawe is predicted to be a net positive gain after initial investment. Hiring only local labor, when possible, will conform to sustainable tourism goals. This will also prevent financial leakage: that is, losing any revenues gained to outsiders and instead keeping revenues within the island. This will have a net-positive impact on the local economy and permit further investment.

Physical/environmental impact: This is the area of greatest concern regarding the development of Kaho'olawe. Tourism infrastructure is likely to lead to issues and potential problems such as pollution, land degradation (erosion, sinkhole), and habitat loss for local flora and fauna. Additionally, the development of tourism could have unforeseen aesthetic drawbacks such as…… [Read More]

View Full Essay

Impact of culture and art in the San Diego Area

Words: 448 Length: 12 Pages Document Type: Annotated Bibliography Paper #: 88254375

Art of San Diego/Tijuana order

The election of Donald Trump as President of the United States has ignited a fire in the hearts and minds of many people. However, that fire was already burning in many ways prior to his election and for a litany of reasons. Indeed, the conditions and dynamics when it comes to the Mexico border as it is exists in the broader San Diego and Tijuana areas have been ramped up for quite some time. One manifestation of this dynamic is the art that emerges and is displayed and sold on both sides of the border in the greater San Diego area. The economic impacts and outcomes are important to explore given the proposed tariffs and boycotts that are rattling around or are proposed. What shall follow in this report is an annotated bibliography review of ten sources. For each source, there will be three points…… [Read More]

Bridges." Journal For Learning Through The Arts 6.1 (2010): ERIC. Web. 31 Jan. 2017.

• The argument of this source is that there are multicultural art programs in the elementary schools of San Diego and this is done as a means to "build bridges" between different cultures and perspectives in the San Diego area. The economic impact of this may not be distinct or obvious but this manner of delveopment is necessarily and absolutely going to affect what the students spend their money on and the level of multiculturalism that they embrace and partake in • When it comes to assessing the argument of this article, the argument is most certainly a strong one. There are many nationalistic and, at times, xenophobic arguments and screeds that arise when it comes to USA/Mexico relations. On the other hand, there are school-run programs like this that buck that trend and pattern and instead focus on how people and cultures and work and mesh together in positive ways

• This source fits into the project in that it explores ways that the economic impact and outcomes are impacted for the better when it comes to the school systems, how children are raised and the government's involvement in all of the above
View Full Essay

Impact of Disasters

Words: 674 Length: 2 Pages Document Type: Research Paper Paper #: 43110372

SAFETY

Disaster Management

Natural and human-induced disaster cause major damages; they are usually concentrated in facilities or areas where they are of great significance to the impacted society. Sudden onset disaster like hurricanes, floods and earthquakes cause more impact socially and economically than slow-onset disasters like drought. Different types of hazards have different consequences and impacts, but to some extent some attributes are common across all types of disasters.

Impacts of disasters

The society has institutions that shape different access to different resources; these institutions determine the social impacts of disaster. Different communities are structured by a myriad of social relationships, competition and obligation that shape social characteristics associated mostly with vulnerability and loss; in disaster prone areas. Some impacts are loss of heritage because of cultural architecture due to floods or earthquake like in Prague university floods caused destruction of books; they erode social networks and community integrity. Disasters…… [Read More]

References

Joseph, P.J. (2010). International Perspectives of National Disasters. Atlanta: Springer.

Programme, U.N. (2007). Enhancing Urban Safety Settlements: Global Report on Human Settlements. New York: Earth Scan.
View Full Essay

Impact of Alcohol on the U S Economy and Its People

Words: 709 Length: 2 Pages Document Type: Essay Paper #: 94957710

Alcohol on American Society Today

Physicians maintain that small amounts each day are good for human health, but millions of Americans misuse ethyl alcohol in ways that are deleterious to their health. To determine the facts, this paper provides a review of the relevant peer-reviewed and scholarly literature concerning the consequence and benefits to American society of the use, abuse, misuse, and overuse of alcohol. A brief history of alcohol is followed by its licit and illicit pathways, impact on individuals, families, and American society. Finally, a summary of the research and important findings concerning the consequences and benefits of alcohol to American society are presented in the conclusion.

eview and Discussion

ecent research indicates that today, the United States has one of the lowest rates of alcohol consumption in the developed world (U.S. drinks the lowest amount of alcohol in the developed world, 2011). The typical American consumes about…… [Read More]

View Full Essay

Economic Social South Pacific

Words: 628 Length: 2 Pages Document Type: Essay Paper #: 18287980

egion that I have chosen is the South Pacific, or more broadly Oceania. If we exclude Australia and New Zealand, the two highly developed economies, this region is characterized by island nations, mostly small, with tiny economies. Many such islands are independent nations, while others are colonies (i.e. French Polynesia, Cook Islands, Guam). Most nations within this region have ties to larger economies, either the U.S., New Zealand or Australia, regardless of their political status.

For the most part, these regions are politically stable. The Pacific islands are, in many cases, subject to many political issues. At the global level, these nations are among the most vulnerable to climate change. ising sea levels are an existential threat to countries like Tuvalu, which is almost entirely at sea level (Allen, 2004). Thus, many of these island nations have become the leading spokespeople for action on climate change, increasing their profile in…… [Read More]

References

Allen, L. (2004). Will Tuvalu disappear beneath the sea? Smithsonian. Retrieved November 30, 2014 from  http://www.smithsonianmag.com/travel/will-tuvalu-disappear-beneath-the-sea-180940704/?no-ist 

Hoegh, O. (2007). Coral reefs under rapid climate change and ocean acidification. Science. Vol. 318 (2007) 1737-1742.
View Full Essay

Impact of AIDS in South Africa

Words: 3432 Length: 12 Pages Document Type: Term Paper Paper #: 20161294

ADS in South Africa

Those of us living in the United States became used to the face of ADS a generation ago. We learned to recognize the particular gauntness that characterized those who had been struck by it, and who would soon be taken away by it. And then, after years of people dying from this disease, we learned that people who had this terrible disease could be healed; not cured, for they still contained the viruses within their bodies, but they could live lives that were happy and meaningful - and long. The terror of ADS subsided, becoming one of only many of the perils of modern life rather than one of the predominant ones.

But the trajectory of ADS in South Africa (as well as in other parts of the developing world, has been very different. Even in the first years of the disease the manifestations of it…… [Read More]

In already unstable societies, this cocktail of disasters is a sure recipe for more conflict. And conflict, in turn, provides fertile ground for further infections (http://www.nkosi.iafrica.com/aids_sa/).

AIDS is both the enemy in South Africa and a potential aid to other enemies. One of the reasons that AIDS has been successfully fought in the United States and Europe is the wealth of these nations; this has certainly been their primary advantage. But they have also benefited in the fight against AIDS from a high degree of social stability; public health measures can only be effective when used in a stable society.

One of the terrible ironies of AIDS in South Africa is that the nation does not have strong enough social structures to allow (at least so far) for the necessary public health measures to be taken. And as AIDS takes a greater and greater toll, the necessary social structures will only become weaker and weaker.
View Full Essay

Is Economic Globalization a Positive Trend

Words: 4499 Length: 15 Pages Document Type: Term Paper Paper #: 94829752

Economic Globalization

a positive trend?

In order to fully understand the complexities of economic globalization, one must first sufficiently define the term in regards to how it is viewed in today's world. Thomas L. Friedman defines globalization as a system or a paradigm, "an approximate set of rules by which to conduct life," yet he also points out that globalization itself presently serves as a replacement for the old system begun and fostered during the Cold War which came to a close when the Soviet Union collapsed in 1991 (Sjursen, 3).

However, others have countered that globalization is defined by trends related to third-world countries that economically become stable as a result of re-defining their old national standards. For example, Juan Enriquez argues that the global trade market "allows a small region to break its dependency on a larger nation state," whereby "protection is no longer necessary," with the result…… [Read More]

BIBLIOGRAPHY

Bergsten, C. Fred. "The United States and the World Economy." The Internationalization of the American Economy. Beverly Hills, CA: Sage Publications, 1982.

Haynes, Jeffrey. Globalization and the Third World. London: Routledge, 1998.

Herman, Edward S. "The Threat of Globalization." Global Policy Forum. Internet. Winter 1999. Accessed September 7, 2005.  http://www.globalpolicy.org/globaliz/define/hermantk.htm .

Miller, Berna, Ed., et al. Developing Nations. Farmington Hills, MI: Greenhaven Press, 2003.
View Full Essay

Economics Is the Study of

Words: 931 Length: 3 Pages Document Type: Essay Paper #: 54684209

If there is a risk that one of the family members will lose his or her job, that will add risk to the purchase decision. The riskier the purchase decision, the lower the price will need to be in order to compensate for that. Another factor here is the expected change in housing prices or interest rates. Buyers are inclined to enter the market if they believe that the cost of home ownership will be higher next year, but they may delay purchases if they believe that costs will be lower next year.

ith new home sales last summer, the dip could be in part due to worries about a double-dip recession. The summer was characterized by an inane fight over the debt ceiling, something that shattered confidence of many in the political system, and some of the key actors within that system. A fractured political system is one that…… [Read More]

Works Cited:

Hauser, C. (2011, Aug 24). Sales of new homes fell again in july. New York Times, pp. B.6-B.6.  http://search.proquest.com/docview/884825381?accountid=35812
View Full Essay

Economic Crisis Iceland 2008 Current

Words: 1162 Length: 4 Pages Document Type: Research Paper Paper #: 38859627

This program is focused onto the following directions:

Generating stability with exchange rates

ebuilding confidence in the monetary policy

Better managing and restricting public debt

eforming and restructuring the banking sector to insure more transparency and the implementation of internationally recognized policies (The Icelandic Government Information Center, 2008).

4. Short-term forecast for the economy

The 2008 has severely impacted the Icelandic economy. In light of the dramatic effects as well as the efforts put into the reconstruction and reconsolidation of the Islanding economy, major growths are not expected. In other words, it is generally assumed that the country will regain its stability through small and gradual victories, which will, for the time being, only manage to stabilize the economy. Growth rates are expected to remain low and for 2010 for instance, the growth rate of the gross domestic product is expected to be close to zero (Central Intelligence Agency, 2010).…… [Read More]

References:

2008, Economic programme in cooperation with IMF, The Icelandic Government Information Center,  http://www.iceland.org/info/iceland-imf-program  / last accessed on August 2, 2010

2008, Economic outlook 2008-2012, Landsbanki,  http://www.landsbanki.is/Uploads/Maillist/Docs/economicoutlook2008-2012.pdf  last accessed on August 2, 2010

2008, Glitnir releases economic forecast for Iceland, IceNews,  http://www.icenews.is/index.php/2008/06/02/glitnir-releases-economic-forecast-for-iceland  / last accessed on August 2, 2010

2010, Iceland economic statistics and indicators, Economy Watch,  http://www.economywatch.com/economic-statistics/country/Iceland  / last accessed on August 2, 2010
View Full Essay

Economic Trends in Terms of Output and

Words: 1232 Length: 4 Pages Document Type: Essay Paper #: 87710504

Economic Trends

In terms of output and growth, Canada's real GDP was 2.96% higher than it was a year ago, but the growth trend is slowing down from a growth rate high of 3.81% in Q3 2010. Japan's economy has contracted in Q2 2011 by 0.76%. It's rate has been volatile, growing rapidly over the past year only to contract again. The UK's growth rate is 1.63%, and that country has had fairly stable, if sluggish, real GDP growth. The current GDP growth rate in the United States is 2.33%. Real GDP growth is on a downward trend in the U.S. But has maintained healthy levels since Q4 2009.

All four countries were affected by the recession. Each experienced real GDP declines during the 2008-2009 period. Japan was the hardest hit. Yet each nation recovered in 2010, only to see the rate of economic growth slow again in 2011.

Canada…… [Read More]

Works Cited:

BoC. (2011). Inflation control target. Bank of Canada. Retrieved October 20, 2011 from  http://www.bankofcanada.ca/monetary-policy-introduction/framework/inflation-control-target/ 

Estrella, A. & Trubin, M. (2006). The yield curve as a leading indicator: Some practical issues. Federal Reserve Bank of New York. Retrieved October 20, 2011 from  http://www.newyorkfed.org/research/current_issues/ci12-5/ci12-5.html 

Investopedia. (2011). Yield curve. Investopedia. Retrieved October 20, 2011 from  http://www.investopedia.com/terms/y/yieldcurve.asp#axzz1VCSWJAY8 

St. Louis Fed. (2011). International economic trends: August 2011. Federal Reserve Bank of St. Louis. Retrieved October 20, 2011 from  http://research.stlouisfed.org/publications/iet/
View Full Essay

Economic Depression of Europe

Words: 2122 Length: 6 Pages Document Type: Research Paper Paper #: 43307480

Economic Depression of Europe

An economic depression is more severe than a recession due to the fact that a depression involves drastic decline in a national or international economy, characterized by decreasing business activity, falling prices, and high levels of unemployment.

There were economic depressions in Europe that were experienced before and after the 1870 but with a remarkable difference, being that those that were experienced before the 1870s were less costly in terms of life and resources and took relatively lesser period. Indeed it was a commonplace that every part of Europe experienced one sort of economic depression or the other.

One such economic situation before 1870 was the "little ice age" which began in the late 16th century till around 1950s as indicated by Big Site of History (2011). This was a time when a severe cold that could not be withstood by most crops set in most…… [Read More]

References

Big Site of History (2011). Social Trends in 17th Century Europe: The Problem of Divine-Right

Monarchy. Retrieved July 18, 2011 from  http://bigsiteofhistory.com/social-trends-in-17th-century-europe-the-problem-of-divine-right-monarchy 

Historic UK, (2011). The Great Plague 1665. Retrieved July 18, 2011 from http://www.historic-

uk.com/HistoryUK/England-History/GreatPlague.htm
View Full Essay

Economics While the U S Is Only Showing

Words: 1874 Length: 5 Pages Document Type: Essay Paper #: 90964717

Economics

hile the U.S. is only showing the first signs of recovery from the global economic crisis, other nations such as Australia and China have recovered much more quickly. There are a number of factors that have contributed to the disparity in economic performance in the past three years in these different nations. In particular, three factors will be considered. The first is the situation in each country at the outset of the crisis. As the crisis was largely precipitated by a credit crunch, the differences between the structure and regulation of the banking sectors in each country will be given particular attention. The second factor will be the response on the part of each federal government to the crisis. The third factor will be the nature of the different economies -- the degree to which different structures have impacted the recovery process. Lastly, policy implications will be drawn for…… [Read More]

Works Cited:

BEA. (2011). National income and product accounts table. Bureau of Economic Analysis. Retrieved March 4, 2011 from  http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=1&ViewSeries=NO&Java=no&Request3Place=N&3Place=N&FromView=YES&Freq=Year&FirstYear=2007&LastYear=2010&3Place=N&Update=Update&JavaBox=no#Mid 

Chinability.com. (2010). GDP growth in China 1952-2009. Chinability.com. Retrieved March 4, 2011 from http://www.chinability.com/GDP.htm

Jones, F. (2011). Krugman: Stimulus didn't fail because it never happened. Moneynews.com. Retrieved March 4, 2011 from  http://www.moneynews.com/StreetTalk/paul-Krugman-Stimulus-Didnt/2011/02/16/id/386333 

Maiden, M. (2009). Australia's banking sector is as strong as a brick outhouse. The Age. Retrieved March 4, 2011 from  http://www.theage.com.au/business/australias-banking-sector-is-as-strong-as-a-brick-outhouse-20090506-avdj.html
View Full Essay

Economics Optimal Currency Area an

Words: 2259 Length: 7 Pages Document Type: Essay Paper #: 50405286

Thus, a region or nation experiencing economic depression will be unable to use the interest rate lever to boost the economy. Similarly a country with high inflation will be unable to independently raise interest rates to contain inflation. Moreover, Islamic countries, which form a large part of the geography, do not believe in interest rates.

Political barriers -- Political differences between nations make it extremely difficult for them to adopt a common currency. It can lead to a loss in political sovereignty as monetary interests would need to surpass political interests. This is unlikely to be acceptable to most of the nations and the idea of a single currency may be difficult to implement (Gimp, 2008).

Will Pros and Cons change Over Time? Depending On the Country?

The economic conditions to determine a monetary union depend on: the openness and size of the economy involved to trade; the free movements…… [Read More]

Bibliography

BBC. (1997, November 21). European monetary union - pros and cons. Retrieved May 11, 2009, from BBC News:  http://news.bbc.co.uk/1/hi/special_report/single_currency/25081.stm 

Filho, F.F. (2003). Is it possible to achieve a monetary union in MERCOSUR? (South America). Retrieved May 11, 2009, from Vanderbilt University: http://sitemason.vanderbilt.edu/files/egnZLy/Ferrari%20Filho%202.pdf

Frankel, J. (1999, August). No single currency regime is right for all countries or at all times. Retrieved May 11, 2009, from Princeton University: http://www.princeton.edu/~ies/IES_Essays/E215.pdf

Gimp, F. (2008, June 27). A world currency - pros and cons and can it become a reality. Retrieved May 11, 2009, from Piponomics:  http://www.babypips.com/blogs/piponomics/a_world_currency_pros_and_cons.html
View Full Essay

Economics Observing the Influences That Impact Market

Words: 829 Length: 2 Pages Document Type: Essay Paper #: 35423045

Economics

Observing the Influences that Impact Market Equilibrium

Purchasing fresh produce in a farmers market offers an opportunity to buy direct from a supplier. The process of buying fruit and salad items direct from the suppliers, rather than though an intermediary such as a supermarket, increases the exposure of the purchaser to price fluctuations. Visiting the market, which is held every weekend, over a number of weeks it was possible to see how different influences would impact on the supply and demand for the products, and how this impacted on the prices. The prices of the little gem lettuces appears to be one of the more sensitive products; this may have been due to their short shelf life. These lettuces, unlike other produce, are not suitable to be held for any period in cold storage, so there is not the ability to hold a supply ready for the peak demand.…… [Read More]

References

Baye Michael, (2007), Managerial Economics and Business Strategy, McGraw-Hill/Irwin

Nellis JG, Parker D, (2006), Principles of the Business Economics, London, Prentice Hall

The paper is written generically, so this may be changed for other produce items with a short shelf life.

The price may be changed as needed
View Full Essay

Economics There Are a Number

Words: 682 Length: 2 Pages Document Type: Essay Paper #: 24372749

hen I understand what drives people to buy bottled water, I will be in a better position to forecast demand. I expect disposable income, distribution saturation, cleanliness and taste of tap water and price of bottled water will all factor. ith this information, I could understand the price elasticity of demand, for example, or the elasticity of demand relating to any other variable. Going international I would focus on the same, but I would also understand the currency exchange dynamics and the image that my country or region has overseas. In general, however, the types of information I need would be mainly the same, with respect to marketing. ith respect to culture (marketing message) or other such variables unrelated to the economics of the decision, there are undoubtedly some different forms of information that I would need.

Second student: I would want to know what the trends are for bottled…… [Read More]

Works Cited:

Investopedia. (2011). Economics basics: Elasticity. Investopedia.com. Retrieved March 11, 2011 from  http://www.investopedia.com/university/economics/economics4.asp 

No author. (2011). Demand forecasting. Author unknown. Retrieved March 11, 2011 from 10.212.115.113:81/.../Managerial%20Economics/Demand/Demand%20Forecasting.ppt
View Full Essay

Economics in the U S A --

Words: 1457 Length: 4 Pages Document Type: Essay Paper #: 36632725



Source: The Financial Forecast Center, 2009

Increases in unemployment rate mean that the gambling industry will be faced with fewer customers. This in turn will materialize in reduced sales and profits. If the situation continues to aggravate in the years to come, several players in the gambling industry might have to close their casinos. One must also notice the exceptional situations in which out of job individuals will gamble in the hope of winning some money. However, these instances are reduced and not able to modify the indirect relationship between the evolution of unemployment rate and demand for gambling services. Vice versa, when the unemployment rate decreases and the population enjoys more sources of revenues, the demand for the services of casino clubs increases.

2.3 Inflation rate (consumer price index)

The inflation rate represents the "percentage increase in the price of goods and services, usually annually" (Investor Words, 2009). Within…… [Read More]

References:

Ameristar Casinos Inc., Hoovers, 2009,  http://hoovers.com/ameristar-casinos/--ID__16260,FRIC__  -- /free-co-competition.xhtml last accessed on May 8, 2009

Personal Income and Savings, iCharts, 2009,  http://www.icharts.net/portal/app?service=external&sp=Y37ayiM=&page=Chartdetail  last accessed on May 8, 2009

Investor Words, 2009,  http://investorwords.com  last accessed on May 8, 2009

The Financial Forecast Center, 2009,  http://forecasts.org  last accessed on May 8, 2009
View Full Essay

Economics a Price Discrimination Strategy Is One

Words: 1288 Length: 4 Pages Document Type: Essay Paper #: 97945151

Economics

A price discrimination strategy is one where different customers are charged different amounts. The price charged for my shop's submarine sandwiches will therefore be different for locals than for visitors. There are a number of ways to achieve this. In the context of a sandwich shop, the prices are going to be listed publicly on the menu, so it is impossible to openly discriminate with respect to prices. One technique that can be utilized to lower the average cost for each sub-for locals is to offer a loyalty card. The local would then receive either a discount or a free sub-after making enough purchases. This would deliver a lower price to locals in the long run. Alternately, a loyalty club can allow the locals to receive discounts if they are members of the club. A certain amount of annual sales would be required for club membership, or even a…… [Read More]

Works Cited:

Investopedia. (2010). Perfect competition. Investopedia. Retrieved October 16, 2010 from  http://www.investopedia.com/terms/p/perfectcompetition.asp 

ACC. (2010). U.S. antitrust agencies issue revised merger guidelines. Association of Corporate Counsel. Retrieved October 16, 2010 from  http://www.lexology.com/library/detail.aspx?g=cf23ba87-0ed6-4db5-9739-d7cf74bcdf8f
View Full Essay

Economic Events 1980-1989 the Decade of Greed

Words: 2753 Length: 6 Pages Document Type: Term Paper Paper #: 71798083

Economic Events: 1980-1989

the decade of greed. The era of onald eagan when the rich got richer and the poor got poorer. Despite this common wisdom, 1980 started off auspiciously. On May 8, 1980 the World Health Organization hailed "one of the century's greatest medical accomplishments," the final and total eradication of smallpox (Dickson 247). But how quickly times change - barely a quarter century has passed and this same disease is making headlines once again.

Attitudes change also. While many in this day and age would still agree that the 1980's was a selfish period in American history, a sea-change has occurred in the rhetoric issuing forth from Washington D.C. In a very fundamental way, party politics has been thrust aside as concerns for homeland security take precedence over petty partisanship. Michael Barone notes this in his analysis of a speech made by Democrat ichard Gephardt in the Summer…… [Read More]

References

Barone, Michael. "The loyal opposition." U.S. News and World Report. 13 June 2003. 14

March 2003 http://www.usnews.com/usnews/opinion/baroneweb/mb_020613.htm.

Case, Karl E., and Ray C. Fair. "Principles of Economics." Prentice Hall, Inc. Englewood

Cliffs, NJ 1992.
View Full Essay

Economic Institutions the History of

Words: 1101 Length: 3 Pages Document Type: Term Paper Paper #: 11826980

That is, international financial organizations, such as the World Bank and the International Monetary Fund and which controlled by core states, decide that, in order to grant financial aid to undeveloped countries, these states should comply with some rules that are, in the end, in the detriment of their own economy. For example, Africa pays more to the IMF and World Bank, than it collects in credit from them, and this leads to low living standards, poor education and health systems and undeveloped infrastructure.

Besides financial institutions, transnational corporations have a saying in the economic development of a country. Although one might be tempted to say that a corporation, by creating a branch in an undeveloped country gives that economy a boom, it is actually all about personal gain.

Working in a corporation might be considered the best thing that could happen to a person, on a professional scale. You…… [Read More]

References

Chomsky, Noam. "DRCNet Interview: Noam Chomsky." Drug War Chronicle Aug.2002. Drug Reform Coordination Network. Washington DC. 2.08.2002.  http://stopthedrugwar.org/chronicle-old/223/noamchomsky.shtml .

Korten, David C. "When Corporations Rule the World." USA: Berrett-Koehler Publishers; 2 edition, 2001

Kozol, Jonathan. "The Shame of the Nation. The Restoration of Apartheid Schooling in America." New York: Crown Publishers, 2005

Wallerstein, Immanuel. "The Modern World-System: Capitalist Agriculture and the Origins of the European World-Economy in the Sixteenth Century." New York: Academic Press, 1976
View Full Essay

Economics There Are a Number of Different

Words: 702 Length: 2 Pages Document Type: Essay Paper #: 50788131

Economics

There are a number of different metrics that can help to measure the health of an economy. The GDP is one of those numbers, and can be obtained from the Bureau of Economic Analysis. Following a decline of 2.6% in 2009, the GDP grew in 2010 by 2.9%. GDP rates fluctuated by quarter, with a low of 1.7% in Q2 following by escalating growth in the last two quarters. This represents a slow recovery from the steep declines of 2008-2009. Another measure of economic health is unemployment. The current unemployment rate from the Bureau of Labor Statistics is 9.0%, a decline of 0.4 percentage points from December. This rate is historically high, it is lower than at any point in the past year, again showing a sign of slow recovery. A third measure of economic health can be found in the inflation rate. The best measure of inflation is…… [Read More]

Works Cited:

Bureau of Labor Statistics: CPI Detailed Report December 2010. Retrieved February 8, 2011 from  http://www.bls.gov/cpi/cpid1012.pdf 

Bureau of Labor Statistics: Employment Situation Summary. Retrieved February 8, 2011 from  http://www.bls.gov/news.release/empsit.nr0.htm 

Bureau of Economic Analysis: Gross Domestic Product: Fourth Quarter and Annual 2010. Retrieved February 8, 2011 from  http://www.bea.gov/newsreleases/national/gdp/2011/pdf/gdp4q10_adv.pdf
View Full Essay

Economics A I View the

Words: 835 Length: 2 Pages Document Type: Essay Paper #: 42367461

A negative consequence, however, would be increased volatility in the value of the dollar. Imports would become more expensive as well, increasing inflation and potentially compelling the restructuring of the economy. Increased currency risk -- transaction and translation -- would also create difficulties for U.S. companies operating abroad. I do not support such a proposal. Attempts to jury-rig a global currency are as impractical as enforcing Esperanto as a global language. Such a currency would be inherently unstable, as the Euro example has shown us. The constituent communities would be committed to enforcing controls on each other in order to maintain the integrity of the currency. If at some point the currency of another economy overtakes that of the U.S., it will be because that economy is stronger, larger and more stable -- fundamental market forces -- rather than as the result of a political decision.

3. a) The Fed…… [Read More]

Works Cited:

Google.com. (2010). Unemployment rate. U.S. Bureau of Labor Statistics. Retrieved April 23, 2010 from  http://www.google.com/publicdata?ds=usunemployment&met=unemployment_rate&tdim=true&dl=en&hl=en&q=U.S.+unemployment+rate
View Full Essay

Economic Globalization Today the World

Words: 2327 Length: 7 Pages Document Type: Term Paper Paper #: 34601163

"The explosive growth of the global economy threatens the natural systems that sustain life on Earth. Despite some significant successes in reducing industrial pollution and increasing efficiency, globalization is devastating natural habitats, speeding global warming, and increasing air and water pollution" (Anonymous). It is in the nature of such an economic globalization to cause negative effects. Globalization has its benefits as well which hold substantial weight.

Advocates for economic globalization state that it is aimed at removing poverty and increasing wealth among the poor. This has been seen not to be entirely true and the gain of wealth is seen only in the upper or elite classes. The rich are getting richer while the poor are getting poorer. Although food has increased, hunger rates have also increased. It is seen that the top class is becoming multibillionaires and today there are more billionaires than yesterday. However the lower class is…… [Read More]

References

1) Anonymous - Economic Globalization. [Online website] Available at http://ucatlas.ucsc.edu/economic.php[Accessed on: 10/11/2005]

2) Anonymous - Mennonite Central Committee "Economic Globalization." [Online website] Available at  http://www.mcc.org/us/globalization/ [Accessed on: 10/11/2005]

3) John N. Pearson, Jeffrey S. Bracker, Richard E. White - Article Title: Operations Management Activities of Small, High Growth Electronics Firms. Journal Title: Journal of Small Business Management. Volume: 28. Issue: 1. Publication Year: 1990. Page Number: 20+.

4) World Council of Churches - REPORT OF THE POLICY REFERENCE COMMITTEE II. [Online website] Available at  http://www.wcc-coe.org/wcc/who/cc2001/pr-ii3-e.html#glob [Accessed on: 10/11/2005]
View Full Essay

Economics if I Was in Congress I

Words: 920 Length: 2 Pages Document Type: Term Paper Paper #: 28008858

Economics

If I was in Congress, I would not vote for such a tax. From an ethical perspective, such a tax is simply punitive. The oil companies are not strictly to blame if the price elasticity of demand for oil is low and they take advantage of that. Consumers have no inherent right to dirt cheap oil. The argument could be made that there are benefits to monopolistic profits such as further exploration, but that argument is actually a bit soft. First, drilling is already included on the income statement -- these are profits above and beyond what the companies need to sustain their business. And that is why they drill -- to sustain their business, so they're going to do it anyway. The reason you don't vote for such a bill has nothing to do with finding ways to make oil companies more profitable or less profitable; it is…… [Read More]

View Full Essay

Economics the Keynesian Would Argue

Words: 777 Length: 2 Pages Document Type: Essay Paper #: 17997396



4. The role that the FDA plays in setting food safety requirements is inherently costly to the economy. The function is not based on economic concerns but rather public health concerns -- the FDA's mandate dates to Congressional concern about the Elixir sulfanilamide disaster and traces its roots to Upton Sinclair's The Jungle, which documented meat production in Chicago at the turn of the 20th century (FDA.gov, 2009). Thus, decisions about FDA regulations are not made on the basis of economic good, but rather public good. Increased regulations would impose increased costs on business. In classical economics, these costs would act as a form of tax, increasing risk and discouraging investment. Eliminating these requirements would lower these costs, which would allow for an expansion of the food business. It could be argued that the threat of litigation today would counterbalance the need for regulations, but that claim has not been…… [Read More]

Works Cited:

Roubini, N. (1997). Supply side economics: Do tax rate cuts increase growth and revenues and reduce budget deficits? Or is it voodoo economics all over again? Stern School of Business. Retrieved April 24, 2010 from http://pages.stern.nyu.edu/~nroubini/SUPPLY.htm

No author. (2010). Classical economics. TheShortRun.com. Retrieved April 24, 2010 from http://www.theshortrun.com/classroom/doctrines/classicals.html

McCallum, B. (2008). Monetarism. Concise Encyclopedia of Economics. Retrieved April 24, 2010 from  http://www.econlib.org/library/Enc/Monetarism.html 

FDA.gov. (2009). FDA history part I. Food and Drug Administration. Retrieved April 24, 2010 from  http://www.fda.gov/AboutFDA/WhatWeDo/History/Origin/ucm054819.htm
View Full Essay

Economics - Macroeconomics Economics Various

Words: 1129 Length: 3 Pages Document Type: Essay Paper #: 75949107

S. The societal system practiced in France serves as a model towards which the U.S. aspire.

President Barack Obama's healthcare reform plan is considered by many as being a socialist experiment that will significantly hurt the economy (CBS, 2009). In opposition, the President has stated that he does not intend to implement a healthcare system that depends on the government. Instead, he would prefer a system in which the government competes with private insurance companies for selling coverage.

The Invisible Hand Principle

The invisible hand principle was developed as an opposition to the protectionist system. This principle is actually a metaphor describing the self-regulating characteristic of the market. In other words, such a system can be implemented due to a combination of factors, like self-interest, competition, supply and demand. Adam Smith, who developed this theory, considered that the action of these forces and their effects are able to allocate resources…… [Read More]

Reference list:

1. Eddlem, T.R. (2009). Obama needs to learn "opportunity cost." The New American. Retrieved February 26, 2010 from  http://findarticles.com/p/articles/mi_m0JZS/is_15_25/ai_n32369481/?tag=content;col1 .

2. Dorrien, G. (2009). Is the Economic Crisis a Sin? Newsweek. Retrieved February 26, 2010 from http://www.newsweek.com/id/206095.

3. Steele Calls Obama Health Plan "Socialism" (2009). CBS News. Retrieved February 26, 2010 from  http://www.cbsnews.com/stories/2009/07/20/politics/main5174417.shtml .

4. Remarks by the President on Financial Rescue and Reform. The White House. Retrieved February 26, 2010 from  http://www.whitehouse.gov/the_press_office/Remarks-by-the-President-on-Financial-Rescue-and-Reform-at-Federal-Hall .
View Full Essay

Economics Country's Economy Is Driven

Words: 1028 Length: 3 Pages Document Type: Term Paper Paper #: 83619600

These decisions necessarily entail that some potentially productive opportunities are sacrificed in order to make what is estimated as the most productive choice.

Supply and demand refer to specific products and services, the ability to provide these, and the level at which they are desired by the target market. uyers desire a product or services, and therefore demand a certain quantity of these at a certain price. The relationship between the price and quantity of desirability is the demand relationship. Supply is the actual quantity of the product or service that the market can provide. The concept of supply relationship is the correlation between supply and the price received by the supplier, who is willing to supply a certain amount of products at the price received.

The dynamic in the relationship between demand and supply has a direct influence on the efficient allocation of resources within an economy, as well…… [Read More]

Bibliography

NetMBA.com. (2002-2007). Production Possibility Frontier.  http://www.netmba.com/econ/micro/production/possibility /" target="_blank" REL="NOFOLLOW">