Economic Policies Pave The Roadway For How America Operates

Main Themes Economic policies pave the roadway for how America operates. It determines the successfulness of the country or the downfall. When we look at today s biggest problems such as; social security, globalization, poverty, immigration, etc. there is a common theme. That is, that the state of our economy impacts all them. In the book, Crunch: Why Do I Feel So Squeezed (And Other Unsolved Economic Mysteries)? Written by Jared Bernstein, he delves into exactly how the economy can tie together so many aspects of our daily lives. He does a great job of explaining that ordinary citizens are affected by economics just as much as, if not more than, top leaders. The main themes that the book focuses on is why certain institutions like our healthcare system are failing. He also investigates why the middle class was hit the hardest by the 2007 recession. He concluded that economics is about power, and the middle class did not hold any. Another main theme he comes back to is that economics has been hijacked by the rich and powerful, and they do not have regard for the â€Å"everyday people†. Everything from tax cuts to rising educations costs was not done with the middle class in mind. However, they are the ones who are hit the hardest with it. The middle class is expected to keep up with trends such as obtaining a higher education, taking out mortgages for new houses and seeking out childcare. But, yet due to inflation, incomes are not being raised enough to meet theseShow MoreRelatedA New Economic Vision For America s Infrastructure4827 Words   |  20 PagesThe Way Forward A New Economic Vision for America’s Infrastructure May 2014 By Robert Puentes, The Brookings Institution Bruce Katz, The Brookings Institution Marc Lipschult z, KKR Raj Agrawal, KKR Summary Disruptive market, demographic, fiscal, and environmental dynamics are fundamentally reshaping America’s economic landscape. In this new reality, the United States should think of infrastructure not in the general but in the specific, understanding the ways in which different infrastructure sectors—suchRead MoreStrategic Role of Logistics in Kazakhstan21048 Words   |  85 Pagesas 25% out of total cost of final product while the world average is on the level of 11%. In China the logistics cost is 14%, European Union – 11%, USA and Canada – 10%. As a result Kazakhstan spends twice more money than developed countries. The economics of Kazakhstan is 5 times less effective according to the index of traffic load. So, each unit of GDP in dollar terms accounts on 9 tonne-kilometer of transport work, at the same time the load capacity in European Union is less than 1 tonne-kilometerRead MoreStrategic Role of Logistics in Kazakhstan21063 Words   |  85 Pagesas 25% out of total cost of final product while the world average is on the level of 11%. In China the logistics cost is 14%, European Union – 11%, USA and Canada – 10%. As a result Kazakhstan spends twice more money than developed countries. The economics of Kazakhstan is 5 times less effective according to the index of traffic load. So, each unit of GDP in dollar terms accounts on 9 tonne-kilometer of transport work, at the same time the load capacity in European Union is less than 1 tonne-kilometerRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pagesreproduced, with permission, in this textbook appear on the appropriate page within text. Copyright  © 2013, 2011, 2009, 2007, 2005 by Pearson Education, Inc., publishing as Prentice Hall. All rights reserved. Manufactured in the United States of America. This publication is protected by Copyright, and permission should be obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying

Consumer Theory and Horizontal Axis - 45363 Words

Chapter 2 1. A consumer prefers more to less of every good. Her income rises, and the price of one of the goods falls while other prices stay constant. These changes must have made her better of. TRUE 2. A decrease in income pivots the budget line around the bundle initially consumed. FALSE 3. If all prices are doubled and money income is left the same, the budget set does not change because relative prices don t change. FALSE 4. If all prices double and income triples, then the budget line will become steeper. FALSE 5. If good 1 is measured on the horizontal axis and good 2 is measured on the vertical axis, and if the price of good 1 is p1 and the price of good 2 is p2; then the slope of the budget line is ï ¿ ½Ã¯ ¿ ½p2=p1.†¦show more content†¦6. Edmund must pay $6 each for punk rock video casettes, V . If Edmund is paid $24 per sack for accepting garbage, G; and if his relatives send him an allowance of $168, then his budget line is described by the equation: (c) 6V ï ¿ ½Ã¯ ¿ ½ 24G = 168. 7. Edmund must pay $6 each for punk rock video casettes, V . If Edmund is paid $24 per sack for accepting garbage, G; and if his relatives send him an allowance of $192, then his budget line is described by the equation: (c) 6V ï ¿ ½Ã¯ ¿ ½ 24G = 192. 8. Eduardo spends his entire income on 12 sacks of acorns and 2 crates of butternuts. The price of acorns is 2 dollars per sack and his income is 34 dollars. He can just afford a commodity bundle with A sacks of acorns and B crates of butternuts which satisffies the budget equation: (b) 4A+ 10B = 68. 9. Harry thrives on two goods, paperback novels and bananas. The cost of paperback novels is 4 dollars each and the cost of bananas is 3 dollars per bunch.If Harry spent all of his income on bananas, he could afford 12 bunches of bananas per week. How many paperback novels could he buy if he spent all of his income on paperback novels?(c) 9 10. Heidi thrives on two goods: bananas and apples. The cost of bananas is 30 marks eac h and the cost of apples is 15 marks each. If her income is 210 marks, how many bananas can she buy if she spends all of her income on bananas? (b) 7 11. If she spends all of her income on lemons and tangerines, Isabella can just afford 30Show MoreRelatedKey to Success in Econ1648 Words   |  7 Pageswlang highlight mali un.. haha 1 Suppose that a consumer’s income triples. However, at the same time, both the price of and the price of also triple. This consumer has experienced Response: no change in purchasing power. * Edit Question 2 Suppose the price of is PhP20 and the price of is PhP10 and that good is plotted on the horizontal axis. If the price of doubles and the price of triples, leaving the consumer’s income unchanged, the budget line Response: will shift out from the origin. Read MoreManagement Models Of Management Model1203 Words   |  5 PagesFramework (CVF) and current examples demonstrating two models within the CVF. A simple search in Google or a quick browse through the library proves that vast models of management exist. Joan Magretta, author of What Management Is, describes models as theories that help managers â€Å"to see patterns, separate what matters from what doesn’t, to ask the right questions† (Magretta, 2002, p.10). Management models help address and solve issues that businesses face. Throughout history, well-known theorists suchRead MoreDemand Curve and Supply Curve2333 Words   |  10 Pagesaggregate supply. The AD-AS or Aggregate Demand-Aggregate Supply model is a macroeconomic model that explains price level and output through the relationship of aggregate demand and aggregate supply. It is based on the theory of John Maynard Keynes presented in his work â€Å"The General Theory of Employment, Interest, and Money†. It is one of the primary simplified representations in the modern field of macroeconomics and is used by a broad array of economists, from liber tarian, monetarist supporters of laissez-faireRead MoreQuestions on Consumers Budget1358 Words   |  6 PagesFigure 21-1. Assume that a consumer faces both budget constraints in graph (a) and graph (b) on two different occasions. If her income has remained constant, what has happened to prices? a. The price of X in graph (a) is higher than the price of X in graph (b). b. The price of Y in graph (a) is higher than the price of Y in graph (b). c. The prices of both X and Y are lower in graph (a). d. None of the above is true. ANS: A 3. Refer to Figure 21-1. Assume that a consumer faces the budget constraintRead MoreInnovation Within The World : Apple Iphone1684 Words   |  7 Pagesmore established manufacturers in a fast growing market. This allowed Apple to instantly place a stamp on the market with fresh, new touch screen technology that immediately appealed to consumers. Each adaptation was well received and progressed the technical capability and allowed them to drip feed the consumer with modest but tangible improvements. The iPhone evolved and the audience engaged with the developments that were made. The creator of the iPhone, Steve Jobs, can be summed up by the wordsRead MoreMicroeconomics/Macroeconomics Chapter 1 Questions and Answers5717 Words   |  23 Pagesto the long-term growth trend of the economy; also called business cycles. Use PowerPoint slide 22 for the following section The Science of Economic Analysis The Role of Theory: An economic theory is a simplification of economic reality that is used to make predictions about the real world. An economic theory captures the important elements of the problem under study. Use PowerPoint slides 23-26 for the following section The Scientific Method: A four-step process of theoretical investigation: Read MoreLeadership in the Retail Work Environment: Macys Case Study1312 Words   |  5 Pages4 jobs is retail oriented. As such the industry is very important in regards to economic growth and prosperity. In light of the current global economic downturn, retailers are realizing a decrease in discretionary spending on the part of consumers. Many consumers are spending less, saving more, deleveraging, and otherwise getting their personal balance sheets in order. This has caused some complications in regards to the overall work environment within the retail spectrum. One such example comes fromRead MoreThe Legacy Of Alfred Marshall1578 Words   |  7 Pagessciences in 1868. In 1885 he became professor of political economy at Cambridge where he remained until his retirement. Is important to highlight that Marshall founded the â€Å"Cambridge School† and the The topic studied were the increasing returns, the theory of the firm, and welfare economics. He published many of books including â€Å"Principles of Economics† and it was the dominant economic textbook in England for many years. In this we can mainly find the topic of supply and demand, marginal utility, andRead MoreReview Of Lucy Craymer, Us Demand Lifts Australian Beef Prices1511 Words   |  7 Pagestoo much longer, with the US slowly populating their cattle since the drought (Craymer 2015). Introduction The following essay discusses the economic theories in which the article relates to. The theories discussed in the article are demand and supply, economic efficiency, elasticity and total revenue. The following essay will discuss the theories in detail, concentrating on the response the market had to the demand and how they achieved equilibrium. Article Analysis Price Elasticity Total RevenueRead MoreInternal Auditor Essay1103 Words   |  5 Pagesallocate yourself 1.5 minutes per multiple choice question (i.e. a total of 30 minutes). This is NOT an open book exam. Choose the best answer from a), b), c), d) or e). Q1 Economics is the study of a) the share market and its effect on consumers and businesses b) money and how it is used by society * c) unlimited wants and limited resources d) unlimited resources and limited wants Q2 Which of the following does not illustrate opportunity cost? * a) If I study

Personal Reward and Stimulation Free Essays

Assessment task 4 : project 1 Ground rules for how a team will operate: Current level: We treat each other with respect. We intend to develop personal relationships to enhance trust and open communication. We value constructive feedback. We will write a custom essay sample on Personal Reward and Stimulation or any similar topic only for you Order Now We will avoid being defensive and give feedback in a constructive manner. We strive to recognize and celebrate individual and team accomplishments. As team members, we will pitch in to help where necessary to help solve problems and catch-up on behind schedule work Team member opinion: Team members can speak freely and in turn and all participants will have a say No one person will be allowed to dominate the discussion Team members will not speak on behalf of anyone else Team members will say what they think and not what they think someone else wants to hear Strengths and weaknesses Strengths: More friendliness, confiding in each other, and sharing personal problems; discussion of the team’s dynamics A sense of team cohesion, a common spirit and goals Establishing and maintain team methods and boundaries Weaknesses: Arguing among members even when they agree on the real issues Defensiveness and competition; factions and â€Å"choosing sides† Establishing unrealistic goals Expressing concern about excessive work My Recommendations: Discuss team expectations Communicate; make sure everybody stay in the loop. Use organizational tools. 2 COMUNICATING RESPONSABILITIES. Current level By communicating responsabilities, you will be able to obtain desired results/outcomes, improve an employee’s performance, and develop new skills. When you do meet to discuss these expectations, standards, and goals, meet in a quiet place without interruptions and have the job description and objectives in hand. Be sure to discuss the expectations with the employee and confirm that the employee understands the tasks and responsibilities of the position. Meet in a quiet place without interruptions 1. Have the employee’s position description as well as unit’s business plan and/or objectives at the meeting 2. Talk with employee about expectations, 3. Confirm that employee understands the tasks, responsibilities of the position 4. Ask the employee for comments, suggestions on performance standards 5. Finalize performance standards with employee, confirm the employee’s understanding 6. Define performance standards at each level of performance, e. g. , meets expectations, exceeds expectations. Team member opinion Communication is one of the keys to running a successful business. And no one in a business should be exempt from workplace communication responsibilities. All employees and management of all companies no matter what size must learn proper business communications to insure excellence and productivity in the workplace Strengths and Weaknesses Strengths Skilled communicators recognize that effective communication takes forethought. For example, smart managers first evaluate their intended audience to gauge such factors as the current mood, audience education level and the context of the situation, and they frame their message accordingly. Effective communicators also evaluate all the possible channels available for communicating, such as face-to- face, over the phone and via email, and they choose the channel best suited for that particular message and audience. Also key to communicating effectively is learning to engage in actively listening: It takes two people — a sender and a receiver — to communicate. Effective communicators avoid distractions and focus on more than just the spoken word. They evaluate body language and tone of voice for clues to gauge whether their intended audience comprehends the message. Skilled communicators in the workplace also encourage open feedback, recognizing that communication is a constant process. Weaknesses: Typical weaknesses in communication include failure to adequately consider the needs of the audience. For example, rushed employees trying to meet deadlines often overload their audience with information, losing important details in the process. Additionally, many communicators inadequately evaluate their audience and ignore the impact of such crucial details as cultural background or education level on the communication process. For instance, industry experts who speak only in jargon will lose members of a general audience lacking experience with those terms. Ineffective communicators also underestimate the affect of physical distractions and emotional interference on their audience. Audiences often discount a speaker’s message if she uses bad grammar, appears sloppy or lacks enthusiasm for the topic. My Recommendation Smart business managers encourage communication strengths in the workplace by modeling superior communication skills with their own messages. Effective communicators educate themselves on the their employees’ individual frames of reference and adapt their messages accordingly. They recognize that meaning exists not in words, but in the people who use those words, and they use language that their audience will understand, avoiding slang, jargon or colloquial expressions. Most important, however, smart business managers actively listen to their audience, ask questions and encourage feedback to ensure that both the intended information and meaning of a message are understood. 3 Share tasks and activities Current level A Task is an activity that needs to be accomplished within a defined period of time or by a deadline. A task can be broken down into assignments which should also have a defined start and end date or a deadline for completion. One or more assignments on a task puts the task under execution. Completion of all assignments on a specific task normally renders the task completed. Tasks can be linked together to create dependencies. Strengths and weaknesses Strength Leaders communicate where they want to take their companies. They also organize groups for particular tasks and ensure that group members have a clear understanding of their individual roles. The task- oriented is well suited to structured work environments, such as law enforcement and manufacturing assembly lines, in which repeating well-defined processes usually results in consistently high levels of productivity and quality. Weaknesses In most projects, tasks may suffer one of two major drawbacks: Task dependency: Which is normal as most tasks rely on others to get done. However, this can lead to the stagnation of a project when many tasks cannot get started unless others are finished. Unclear understanding of the term complete: For example, if a task is 90% complete, does this mean that it will take only 1/9 of the time already spent on this task to finish it? Although this is mathematically sound, it is rarely the case when it comes to practice 4 Planing and schedule activities Current level How to cite Personal Reward and Stimulation, Essay examples

Nuclear Power Cons Argumentative Essay Example For Students

Nuclear Power: Cons Argumentative Essay Nuclear Power: ConsSince the days of Franklin and his kite flying experiments, electricityhas been a topic of interest for many people and nations. Nuclear power hasbeen a great advance in the field of electrical production in the last fiftyyears, with its clean, efficient and cheap production, it has gained a largeshare of the worlds power supply. However with the wealth of safer alternativesources of electricity, the dangers involved with nuclear reactors to humans (ie. cancer) and past disasters such as Chernobyl there are well based reasons not topursue this energy source. New sources such as fusion power, new studiesconcerning the health of nuclear by-products and scares of nuclear accidentslike those at Chernobyl are slowly rendering Nuclear Fission an obselete energysource. This essay will prove that nuclear power is a dangerous technology andwith many other sources and the dangers involved, the disadvantages of nuclearpower far outweigh the benefits. Alternative sources of energy are making their way into the highlycompetitive field of electricity production. With the wealth of sources such assolar, wind, hydro or geothermal the dangers involved with fission could besolved by adopting these newer, safer methods. A main source of energy thatcould lead the way for the near future is solar energy. It is clean efficientand is already a large part of American and Canadian electricity production. Solar energy already supplies about 6% of the nations U.S.A energy theindustry is still in an embryonic stage, and opportunity exists for increasingthis contribution by ten times from current levels. (Maidique, 92) It isobvious that solar power will become a large part of the electricity productionaround the world. With future expansion and newer solar cells, the powerproduction could be increased to about 60-70% of the U.S.As needs. Cold fusion will most surely be the newest type of energy leading usinto the 21st century, producing energy that is cheaper, safer and easier togenerate then any existing source. Fusion fuel releases a million times moreenergy then does burning a comparable weight of coal or oil; one teaspoon ofdeuterium, obtained cheaply from H20, contains the equivalent of 300 gallons ofgasoline; a mere 1000 pounds of deuterium could fuel a 1000-megawatt powerstation for a year. (Dean, 84) Such spectacular figures sound unbelievable. Using a thousand pounds of a substance to supply a 1000-megawatt power stationfor a year, such figures will cause plummeting electricity prices and makefission plants far too expensive. However, prices and efficiency are useless if the safety factor isabandoned. All three topics are dealt with in fusion, that is why it is such amiracle. In fact, a meltdown in a fusion reactor is impossible, which cannot besaid for fission. Compared with fission reactors the absence of such fissionproducts as radioactive iodine and cesium from the fusion cycle reduces thepotential hazard by more then a thousand-fold. (Dean, 84) This is accomplishedbecause in a fission reactor the fuel is formed in a solid form which must becooled by water, and if water is unavailable then a meltdown may occur. In afusion reactor the fuel is a hot gas rather then a solid. Because of this evenwith a complete loss of cooling the gas would cool as it hits the cold walls ofthe reactor chamber. With future resources, some proven like solar othersexperimental such as fusion, there is a wealth of possible energy sources. However, new sources of energy will not reduce the risk of horrificfission disasters such as those at Chernobyl or Three Mile Island. Pastdisasters such as Three Mile Island are well- based reasons to reconsidernuclear technology. At the Chernobyl power station at 1:00 am on April 25, 1996reactor number 4 was running smoothly. The engineers performed a standard teston the turbo generators (Engine that turns to produce electricity.) At 1:20amthe operator turned off the emergency cooling system. The sharp temperatureincrease in the reactor core, the rupture of the cooling channels (releasingsteam on to the red-hot graphite moderator, producing water gas) and thechemical reaction between overheated zirconium canning and water (releasinghydrogen) ignited by the fireworks of flying hot and glowing fragments producedby the steam explosion resulted in the explosion. (Trainer, 116) As the twohuge steam explosions tore the core apart, the force of the blast lifted thethousand ton cover lid above the core. Lethal radiation was being released intothe air. The explosion gave of more radiation then two atomic bombs dropped onHiroshima and Nagasaki combined. The accident is an awful reminder that andexplosion may not be only a freak occurrence. It so happens that it may becaused by other errors such as human blunder, low water supply or computerglitch, any misfunction may cause horrific problems. Feminine Traditions EssayThe thought of a nuclear power reactor located near a large city such asHarrisburg, Pennsylvania (site of Three Mile Island) where the exposure isreleased to thousands of people is unthinkable but does occur due to companyprofit needs. Radiation is not only spread through the air we breathe. It is alsopassed from plants we eat and water we drink. In areas such as Chernobyl thathave had even the mildest nuclear problems (obviously Chernobyl was not a mildproblem) we see an area in diameter around Chernobyl reaching as far as Kiev(400km) to have plants that are permanently inedible due to enormous radiationlevels. Unfortunately the radiation is not in the plants, it is in the soil, alayer of soil that will spread harmful radiation for the next 7 billion years. These plants should not be eaten, however many poor families have no choice andmay not be aware they are poisoning themselves. Neither the animals nor thepeople eating them know that they are being poisoned. It is more surprising thatareas in the U.S.A have to measured with abnormally higher radiation, it must bementioned these areas are located in relatively close proximity to a fissionpower plant. In addition, wind and rain erosion wash nuclear waste into streamsand rivers, poisoning the waters, killing the fish and eventually threateninghumans throughout the water they drink. (Kronenwetter, 48) The passage ofnuclear waste directly from the power plant to the soil, (which poisons plants)run- offs from the land which go into the water affecting both the poisonedwater we drink and the contaminated food we eat, not to mention the air that webreathe. These are scary facts that must no longer be overlooked in the name ofprofit. Nuclear power is a major pollutant and must be recognized a s one. In the 1990s we have many alternatives to Nuclear Power. Solar, wind,hydro and geothermal are all great sources that should be used to limit the useof nuclear power. Although nuclear power on the whole is a clean and efficient,it has many unnecessary drawbacks such as the waste it produces, this willcontinue to poison humans, plants and animals. With all the choices available topeople, why not choose a clean or renewable source of energy, one without thedangers of radioactive waste and possible core meltdowns. New sources canalready today replace fission power, it is unsafe, unwarranted and pointless toperuse something that can literally blow up in out face and kill us. In thefuture use of solar or wind power and maybe someday fusion power will causenuclear fission power to become obsolete. Science