Change Along The Production Possibility Curve Economics Essay

Change Along The Production Possibility Curve Economics Essay According to McTaggard D et al. (1999), production possibility curve shows all the possible combinations of two goods that a firm can produce within a particular time period with all its resources fully and efficiently employed. What is more, droughts and extreme climate conditions could shift the frontier to the left. However, technological improvement, the capital stock rise and grow in the amount of employees, in their skills and educational levels bring movement to the right. Moreover, increase or decrease in quantity of one goods leads to change along the PPF. When human capital in protest, there will be decrease in workforce. Therefore (→ production possibility curve will shift to within frontier. During the event of protest or strike, there will be drop in human capital. Furthermore PPF shifts to the left. In order to produce more of one goods, we have to give up the other goods because of scarcity. That is why, movement occurs along the PPF (from point A to B). As a mentioned in case c, if we want to increase one goods we have to decrease number of other goods. In that case, we face movement along the PPF(from point C to D) In this situation, female and male both prohibited from entering some occupations. Therefore they have less ability to access which means drop in number of workforce then PPF will shift to the left. Spending less on defence and more on education means they are giving up one good and service in order to increase other one. At a moment change occurs along the PPF (from point E to F). But supporting education level may bring economic growth in the future economy. When government giving higher rate of unemployment benefit, it discourages school-leavers from work. On the other hand, people seem to be preferred being unemployment. As consequence, in the economy there will be decrease in workforce. Therefore, it leads PPF shift to the left. Section 2 To define what is happening in France and Australias economy first lets examine what is supply, demand, and equilibrium and why they do change. Demand According to Begg D et al. (2003) demand refers the maximum amount of a product that consumers are willing and able to buy during a particular period at various prices, holding all other relevant factors constant. What is more, holding all other relevant factors constant as price grows quantity demanded drops and as price declines quantity demanded rises. In addition, demand curve shifts when its relevant factors change such as the price of other products, income, population, preferences and future price expectations. A shift of demand curve is change in demand. The shift to outward represent rise in demand and shift to inward is a decline in demand. Furthermore, when price of good and service change, we face movement along the demand curve. Supply Supply is the quantity of a good and service that manufacturers are willing and able to produce in the market at various prices, all other relevant factors being held constant. The relationship between price and quantity are positive. If price of good and service is high manufacturers are happy to produce more and more. On the other hand, if the price of good and service set low, they will supply fewer. Change in price does not shift supply curve but it leads to movement along the supply curve. Moreover, supply curve may shift because of change in substitutes and complements in production, price of factors of production, technology, future price expectations, effects of the weather and number of producers. Equilibrium According to Sloman and Hinde (2007) supply and demand both together describe market equilibrium. Equilibrium price and quantity exists where the quantity supplied exactly equal quantity demanded for the good and service. Therefore, when demand and supply curves change, equilibrium price and quantity change too. Because of the poor grape harvest the supply of French wine decreased which is supply curve shifted to the left. As a result of supplying fewer quantity of French wine in the market, its price increased. Therefore, equilibrium quantity and price both change as well. The graph below shows decrease in quantity supply leads to increase in products price. As consequence, decrease in quantity demanded new equilibrium price and quantity take place in the market.(E1-E2). Decrease in supply of French wine leads to increase its price. As result, there will more demand for Australian wine (Australian wine demand will shift to the right). Moreover, when demand increases products price and quantity will increase. Also, change in equilibrium price and quantity too.(E0 -E1) Section 3 1. C 2. D 3. A 4. A 5. B 6. C 7. D 8. B 9. A 10. D

The Advertisement of Harmful Products Essay -- Tobacco Marketing

The Advertisement of Harmful Products Psychological Persuasion through advertising: Why tobacco companies are still in business. With continuing advancements in medical research, the harsh reality of tobacco smoke becomes more evident. The deadly effect of smoking tobacco is gaining notoriety in society, and a general social movement towards a smoke-free environment is becoming the norm. Regardless of these obstacles, tobacco companies are determined to stay in business, and absorb the growing backlash against smoking. One main weapon of defense for the tobacco companies is their ability to draw new costumers through persuasive advertising. The majority of new smokers are between the ages of fourteen and twenty-one. Coinciding, the majority of smoking ads are projected to a younger crowd, attempting to dissolve a younger persons's resistance to smoking. Campaigns such as the cartoon "Joe Camel" seem to be directed towards a younger audience. Psychologist John Pierce, of the University of California, says "advertising reduces the conc...

Han China

Thesis †¢ It is not acceptable to simply say â€Å"the two civilizations were similar and different† – specify specifically how they are similar and different †¢ Possible Prompt: Analyze similarities and differences in techniques of imperial administration in TWO of the following empires. – Han China (206 B. C. E. –220 C. E. ) – Mauryan/Gupta India (320 B. C. E. –550 C. E. ) – Imperial Rome (31 B. C. E. –476 C. E. )Example †¢ The political system of Han China is similar to the Guptan Empire in that both included strict laws and stressed the importance of your role n society. A major difference between these administrations is that in Han China the king was fully in charge, even revered, while in the Mauryan/Guptan Empire priests were at the top of the hierarchy. Example †¢ The imperial administration of Han China and Imperial Rome were similar because they were both headed by an emperor.However, they differed in their treatment of the emperor. In Han China a ruler’s decisions, if detrimental to society, could be questioned. While in Rome, what the emperor decreed could not be questioned. What do I need for my thesis? You must address 1 specific similarity and 1 specific difference. †¢ i. e. Both the Empires of China and Rome were ruled by an emperor who maintained imperial control, however, the Chinese instituted a system of scholar bureaucrats that gained their position through merit, while the Romans never achieved such an elaborate bureaucracy. What is a direct comparison? †¢ This is a comparison that is not split between paragraphs or by other sentences. It must be one or two sentences that compare one subject of the comparison to another. †¢ Your comparisons should be supported by vidence to support your statement. Example Direct Comparison: While both the Roman and Han (or Gupta) Empires left behind many achievements, the Han (or Gupta) were much more technol ogically and culturally creative.Evidence: – The Romans took much of their culture from the Greeks, such as their religion, artwork and architecture. – While the Romans had aqueducts, roads and other great works, much of this was taken from others and improved upon. The Gupta on the other hand came up with the concept of zero and a base 10 number system that is still in use today. The Romans relied on slavery for their source of labor, while the Chinese relied upon free peasants. This led to technological stagnation on the part of the Romans, while the Chinese were able to (insert pieces of specific evidence here). What is analysis? †¢ This is where you explain why. †¢ You tell the reader what caused this similarity or difference to occur. †¢ This is usually a because sentence and the most difficult part of the comparison essay. †¢ The reason that the Guptan bureaucracy was never as elaborate as that of the Chinese was because†¦.

10 Blogs for Writers That Students Can Certainly Make Use Of

10 Blogs for Writers That Students Can Certainly Make Use Of 10 Blogs for Writers That Students Can Certainly Make Use Of Some people are just blessed with a gift for writing – all they have to do is to sit down in front of their computer and they’re able to effortlessly pen engaging content that draws you in and keeps you hooked all of the way to the end. Â   But not everyone shares this talent, although most people are surprised to find out that becoming a better writer is much easier than they thought. You don’t need to be born with a penchant for words to be able to create powerful, A+ research papers and essays – you just need to have the right set of resources in your corner. To help you in your quest to become a better, more effective writer, we’ve put together a list of ten blogs for writers that are great for students as well: Copyblogger : for more than a decade, Copyblogger has been equipping readers with the skills they need to create powerful content that people are actually interested in. The Write Practice: they say that practice makes perfect, and that’s why The Write Practice offers convenient 15-minute-a-day lessons that will quickly improve your vocabulary and writing skills. Helping Writers Become Authors: focused primarily on creative writing, Helping Writers Become Authors provides great insight into creating intriguing storylines, scenes, and character backgrounds. Goins, Writer: the blog of a bestselling author, Jeff Goins, Goins, Writer assists its readers in finding topics that they’re passionate about and then using their knowledge and experience to make a living from their writing. ProBlogger: as one of the leading blogs for writers, aimed at helping new bloggers find their voice and increase their readership, ProBlogger provides a plethora of writing resources including comprehensive ebooks and training courses. Writers and Authors: aimed at helping creative writers hone their skills and network with other authors, Writers and Authors has been publishing literary reviews, author interviews, and writing guides since 2006. Live Write Thrive: a professional writer and editor, C.S. Lakin, founded Live Write Thrive to help other novel writers create intriguing content that draws readers into their books and keeps them hooked the entire way – a must for any creative writer. Daily Writing Tips: if you’re searching for a quick and easy way to improve your writing skills, Daily Writing Tips is a have-to read. That’s because every day they publish a new article designed to tackle a specific writing issue – from creating structure to choosing the perfect synonym. Grammar Girl: without a doubt one of the most referenced blogs for writers out there, Grammar Girl, should be the go-to resource for all of your academic writing and stylistic needs. The Procrastiwriter: the procrastination is a dangerous habit which affects both professional writers and students alike. That’s where The Procrastiwriter steps in, offering helpful advice for overcoming a lack of focus or motivation in your writing There you have it – our helpful list of the top 10 blogs for professional essay writers that can be valuable to students as well. By reading through – and regularly following – these ten websites, you’re bound to see an improvement in your writing ability in no time. And who knows – maybe you’ll even discover that blogging is a secret talent, one that you can even leverage professionally once you’re finished with your studies.

The Role of the United States Constitution in Business

The Role of the United States Constitution in Business Free Online Research Papers Since the creation of the United States Constitution in 1787, the system we call, our United States Government has existed. Created to balance a centralized and strong government, the U. S. Constitution has protected every American’s individual human right in possibly every facet of life. With this in mind, what about the rights of American businesses? Individual human rights versus the businesses rights? Alternatively, how the constitutional right affects a business? In today’s workplaces, businesses have to not only deal with protecting employees from harassment from other employees but also protect themselves from civil lawsuits that may arise because of harassment issues. Does the first amendment to the United States Constitution truly give people the right of free speech? The first amendment to the United States Constitution states that â€Å"Congress shall make no law†¦abridging the freedom of speech† (Mount, p. 11, 2007). Rarely have courts infringed on this clear-cut constitutional right but does this clear-cut constitutional right give one person the authority to harass another? Freedom of speech is exactly that freedom to say whatever a person wants, whenever a person wants and to whomever a person wants, right? Living in such a free democratic society enables every American freedom to do many things but there must be some boundaries a person cannot crossover. Workplace conflict and harassment issues happen when boundaries are not enough. In the workplace, a person should be able to work in an environment free from harassment and unsolicited remarks and because companies share a responsibility to assure employees work in a harassment free setting, companies become liable when such events happen. â€Å"In 2003 a California appeals court held an employer liable for failing to control the abusive speech of one of its employees† but doesn’t the first Amendment give us the right to free speech (Hammond, Kleiner, p. 6, 2003)? In an effort to answer this question a person may also wonder just how free speech crosses the line to harassment. Attempting to answer this question, the Ninth Circuit court of appeals in San Francisco ruled that â€Å"if the speech was intended to cause offense, it was harassment and therefore not protected under the first amendment† (Hammond, Kleiner, p. 4). In Near v. Minnesota (1931) 283 U. S. 697, 713. freedom of speech restraints became relevant and important. Saying whatever you want to say is one thing but saying it directly to another person with intent to cause harassment is another. Businesses must secure a harassment free environment for all employees and when freedom of speech restraints are relaxed a little too much that b usiness can be held liable when an employee develops a problem working in that kind of environment. In today’s workplace, harassment laws are just as relevant as the free speech amendment. Employers have an obligation to prevent harassment in the workplace while creating equality and security. â€Å"The Fair Employment and Housing Act (FEHA) and Title VII of the Civil Rights Act of 1964 (Title VII’)† clearly provides that the â€Å"public policy of this state that it is necessary to protect and safeguard the right and opportunity of all persons to seek, obtain, and hold employment without discrimination or abridgment on account of race, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, marital status, sex, age, or sexual orientation† (Workplace Conflict, (2005). In the 1993 case between Harris v. Forklift Systems, Inc., the United States Supreme Court declared that working in a environment of hostility and harassment is a clear violation of the FEHA and Title VII’ Acts. Because our lega l system maintains a ‘no tolerance level’ for businesses found liable for violating these important acts penalties can be huge (Workplace Conflict). According to the book The Legal Environment, â€Å"the American legal system is one of the most comprehensive, fair and democratic systems of law ever developed and enforced† (Cheeseman,  ¶ 1, p. 4, 2007). With respect in recognizing harassment issues, the legal system protects that right by penalizing business with monetary fines. Damages to plaintiffs can differ from case to case. Depending on the nature of the harassment and level of the acts, monetary damages could result in millions of dollars. Along with the businesses, having to payout money there may also be strict stipulations that the business must abide by. Imposing injunctions or forbidding contact between plaintiff and the accused is also often the case and if the company doesn’t abide by the stipulations set forth by the court, the business could be found to be in contempt of court, which would require heavier penalties. While the first amendment to the United States Constitution was written with intentions to protect everyone’s constitutional right to freedom of speech it must be recognized that since its creation many things have changed. Along with change, have come new variations of what free speech is or more importantly how people exercise that right. References Cheeseman, H. R., (2007). The Legal Environment of Business and Online Commerce (5th ed.). Prentice Hall, 2007. Upper Saddle River, NJ. Retrieved on June 17, 2008 from https://ecampus.phoenix.edu/secure/aapd//UBAM/citation.htm#BUS/415. Hammond, G., Kleiner, K., (2003). New Developments Concerning Employment Discrinimation and Harassment. Retrieved on June 23, 2008 from loc.gov/rr/program/bib/ourdocs/Constitution.html. Hobbs, H., (1999). California Court Gags Future Speech. Retrieved on June 23, 2008 from americanlawreview.com/first_amend_under_fire.html. Mount, S., (2007). The United States Constitution. Retrieved June 23, 2008 from www.usconstitution.net. Workplace Conflict: Harassment Laws and Free Speech Rights. August 2005. Retrieved June 23, 2008 from www.mofo.com. Research Papers on The Role of the United States Constitution in BusinessMoral and Ethical Issues in Hiring New EmployeesUnreasonable Searches and SeizuresPETSTEL analysis of IndiaTrailblazing by Eric Anderson19 Century Society: A Deeply Divided EraTwilight of the UAWThe Effects of Illegal ImmigrationNever Been Kicked Out of a Place This NiceBook Review on The Autobiography of Malcolm XCapital Punishment

Metals and corronslon Lab Report Example | Topics and Well Written Essays - 500 words - 1

Metals and corronslon - Lab Report Example These conditions are air and water. In test, tube II there was also more brown color indicating that rusting took place. Salt, air, and water favored the process of rusting. In test tube, III there was no observable color change on the oil. This is because the water was boiled which expelled all the oxygen. Secondly, the oil film prevented oxygen from entering the tube therefore rusting did not take place. The brown color was missing in test tube III. From the experiment conducted above, we can clearly conclude that the process of resulting requires the presence of water and air, which is oxygen to be specific. This is the reason why nails in test tube II and I ended up in brown color. Iron nail in test tube III did not rust due to the absence of oxygen (Holleman and Wiberg). Copper is the best conductor of electricity while it is also the most brittle. Brass, which is an alloy of copper and iron, is the harder of the two. Rusting can be prevented through various means. One of the methods to prevent rust is by oiling. Oiling prevents entry of oxygen, which is an essential condition necessary for rusting. Painting is also another possible means of preventing rust. Galvanization is the process of applying a coat of layer that is resistant to rust. This process also helps in preventing rust in metals. Method of storage is also amongst the simple ways in which corrosion can be prevented. Ensure that metals are stored in a cool and dry place to prevent rusting. In conclusion, water and oxygen are the necessary conditions for rusting to occur. The experiment was a complete success showing also the rate of conductivity between brass, copper, and iron. In summary copper is the best conductor of electricity as compared to brass and iron. Painting, coating, galvanizing, and method of storage are some of the ways that can be used to prevent the process of

Case study-Intel Corp Study Example | Topics and Well Written Essays - 1500 words

-Intel Corp - Case Study Example The stakeholders of a company are the people who have a key stake in its operations or are affected by its activities. As such, it can be seen that the key stakeholders for Intel are many and these include the workers who work for the company. These people are responsible for performing the actual tasks in the organization. The management as well as other executive people in the company are also key stakeholders since they are responsible for controlling the activities taking place in the company. The clients of Intel are also major stakeholders since they contribute to its performance. The suppliers who provide the material used by Intel are also key stakeholders. The Company also distributes its products through different agents and these are also stakeholders for the organization. 2. Consumerisation of IT (CoIT) refers to the process where consumer technology is adopted for business purposes. For instance, it can be seen that mobile technology that is specifically meant for commun ication purposes among different individuals is now being used for conducting different types of business. Instead of just using communication technology for social communication purposes, most organizations are encouraging their employees to adopt this technology in their operations so that they improve their efficiency at work. If carefully harnessed, CoIT can significantly contribute to the performance of the company. If the employees are competent in the use of IT, they can improve productivity in the organization since they can process information at a faster rate. Basically, the use of IT in an organization is faster than information that is manually processed. CoIT also helps the employees to be innovative since they can devise new methods of performing their tasks at a faster rate. Data can be customised to suit the interests of the people involved such as the employees in the organization. The other benefit of CoIT to the organization is that it can easily link with the con sumers since they can also use different social media and applications to do business with the company. However, the risk that may be involved is that the hackers can take advantage of this to hack into other people’s accounts to steal their information. 3. Bring your own device (BYOD) should be encouraged at Intel. There are various aspects that ought to be taken into account when implementing this particular strategy in the organization. First and foremost, it must be noted that we are now living in an information society and most if not all aspects of business are now conducted through the use of information and communication technology (ICT) such as the internet. The internet is a network of computers that are linked and information can be instantly passed from one person to the other instantly regardless of distance. In the case of Intel, it can be seen that the company ought to carefully harness this strategy since it can help to improve efficiency with regards to the w ay the employees perform their tasks. Employees who perform tasks related to information processing and communication in the company should be encouraged to work from their homes using their own devices. If the employees are settled in one place, they are likely to be very productive in their work since they do not waste much of their time travelling to their workplaces. The strategy of BYOD can also help to create a sense of responsibility