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How Has the U.S. Dollar Become the World's Reserve Currency?
The United Nations officially recognizes 180 different currencies. It
may seem like the U.S. dollar has always been the world's reserve currency,
but that hasn't always been the case. The British pound is the oldest
currency that is still in used today. The first British pound dates back to
the 8th century, which is more th...
1,154 words
3 pages
The Methods and Approach of the Economist to Increase Competitive Advantage
To increase competitive advantage, The Economist has taken the approach of becoming a differentiated competitor rather than a low cost competitor, meaning their goal is to create a higher willingness to pay instead of driving down supplier’s opportunity cost. The Economist has taken a much different method to producing a we...
488 words
2 pages
The Impact of the Supply and Demand Curve on the Real Estate Market in America
Abstract This research paper will describe how the supply and demand curve impacts the real estate market. The paper states that selling property heavily depends on the economy, interest rates, and affordability. There is a break down on what a rightward shift in supply and demand, as well as a leftward shift in supply an...
1,423 words
6 pages
Economics in the Supply and Demand of NBA Tickets
Economics is everywhere. It is the study of people and their choices. It is so common that I am using economics right now. The benefits of spending my Thursday evening writing this paper outweighs the cost of not attending to a boring college party and procrastinating until one hour before the assignment is due. One of the...
504 words
3 pages
The Economic Case for Almonds
The Economic Case for Almonds One almond requires one gallon of water to grow and uses approximately
10% of the water California's agricultural industry uses each year. With
the drought in California, the agricultural industry, which uses 80% of the
state's water supply, has been cast as the primary villain. Specific...
523 words
2 pages
An Economics Naturalist Essay: Why Do People Scalp Tickets?
Imagine, if you will, that you are enjoying an evening out on the town with your significant other and you read a pamphlet advertising your favorite band performing live right down the road. It is a once in a lifetime opportunity to see them live so you go to the venue and try to buy two tickets for that night’s performance...
568 words
3 pages
An Analysis of the Effects of Evaluation and Guiding Principles in Economy
“The purpose of documenting guiding principles is to foster continuing development of the profession of evaluation, and the socialization of its members. The principles are meant to stimulate discussion about the proper practice and use of evaluation among members of the profession, sponsors of evaluation, and others intere...
1,774 words
6 pages
The Issues of Misconstrued Facts in Freakonomics, a Non-Fiction Book by Steven D. Levitt and Stephen J. Dubner
In Steven D. Levitt and Stephen J. Dubner’s non fiction work, Freakonomics, the underlying argument throughout the text revolves around misconstrued facts. The authors challenge with discourse over various subjects with a tone that’s subtle yet slightly sarcastic. They tactfully use the rhetorical modes of arguments, cause...
1,700 words
5 pages
The Solutions to the Issues of the American Economy
The American Economy The American economy is one of the most controversial topics there is regarding the government, and if you ask three different people how it’s doing, you’ll get three different answers. There are many individual topics within the umbrella of “the economy” – income inequality, paid sick and family lea...
878 words
4 pages
Information Asymmetry Shown on the Example of the KKK and Real-Estate Agents in "Freakonomics" by Steven D Levitt and Stephen J. Dubner
The Ku Klux Klan and Real-Estate Agents Chapter 2 of Steven D Levitt and Stephen J. Dubner's Freakonimics
addresses one of the key aspects of modern interaction: information
asymmetry. As could be guessed from the chapter title, they use 2 main
examples to show information asymmetry at work, both in the KKK's powe...
1,147 words
4 pages
A Discussion on the Negative Effects of Wealth on Happiness
The Negative Effect Wealth Has On Happiness The myth that money can bring people happiness has been around for centuries. People argue that the only way to be satisfied with their life is to be a millionaire, and when they get twice as much money, thus becoming richer, they will automatically become twice as happy. A reaso...
1,602 words
6 pages
Historical, Business, and Economical Aspects of the Growth of American Economy in the 1920's
The economic prosperity of 1920s America cannot be explained by one single argument. No doubt the dramatic growth of the motor manufacturing industry was a major contributor to the US economic boom, but it was by no means the only one. Other factors such as technological advancements, new business methods and government pol...
1,322 words
4 pages
Globalization and Western Domination Theories in Jihad vs. McWorld
Globalization Theories Globalization has opened up the world for many many years to everything influential. It literally is constantly changing the way people think, feel, eat, act, etc. There is definitely no escaping from globalization because it is currently influencing the world at every second and in every way. Many...
570 words
2 pages
The Importance of Having Inequality of Wealth Concentration in the United States of America
The phrase,“The rich get richer and the poorer get poorer.” Is a great example of wealth concentration. It is very important to have financial inequality in terms of wealth concentration because wealth concentration boosts the economy, and motivates people to work harder. This can be seen in modern day American society as w...
658 words
2 pages
An Evaluation of How a Rhetorical Situation Affects the Rhetorical Choices in Two Texts
The Impact of The Rhetorical Situation The purpose of a text is the driving force behind the specific rhetorical strategies chosen and proven to be effective as evidenced by Oliver’s and Coates and Humphreys’ arguments. In this essay we will evaluate how a rhetorical situation affects the rhetorical choices made within Coa...
1,683 words
6 pages
An Analysis of the Endogenous and Exogenous Growth Theories of Economic Growth
“As sure as the spring will follow the winter, prosperity and economic growth will follow recession.” ~ Bo Bennett Endogenous and Exogenous Growth Theories Simply put, endogenous and exogenous theories of economic growth identity the internal and the external factors that affect growth. Endogenous growth theory focuse...
863 words
3 pages
The Impact of the Economic Theories in the Relationship of Countries
Since the humans exists, they did some exchanges and agreements with others groups or cultures to survive in their lands and can gave the food, tools, and implements that they needed to live around the jungle, deserts and unsafe spaces. At the beginning of the history, the countries sold and do business with anything tha...
1,009 words
5 pages
The Notion of Hyperreality in Frederic Jameson's Cultural Logic of Late Capitalism
Semiotic Hyperreality “Hyperreality” is the inability to distinguish reality from a simulation of reality. Within the field of semiotics, this inability to distinguish the “real” from a simulation of the “real” can be found simply in the language people use to articulate everyday life; language that is composed of a networ...
2,119 words
9 pages
The Successful Economic Principles Applied by Walmart
There are many questions, both ethically and financially speaking on the topic of Wal-Mart. Does such a store, sometimes considered to be “too big to fail” provide more benefits or drawbacks to America? The answer may not be clear-cut black and white with respect to morals, but if one is able to take those out of the equati...
1,031 words
4 pages
The Issues of Equal Pay in American Society
Equal Pay is an Issue of Civil Rights For women globally, equal pay is an issue of civil rights. It’s a family issue. Women make up over half of the United States labor force and there is an increasing number of women-supported households (“Understand”). Despite passage of the Equal Pay Act of 1963, which requires that men...
1,138 words
3 pages
The Struggles to Save in the Book Poor Economics by Abhijit Banerjee and Esther Duflo
Savings and Self-Control Exercising self-control is one of the hardest things to do in life, regardless of who or what the person is. The rich struggle with self-control when it comes to their savings. Because the poor are human just like the rich, they can’t be expected to do something that others can’t do. In Poor Econom...
1,058 words
4 pages
The Effects of the Global Implication and Radical Politics of the Transitional Social Movement and the World Social Forum
After a decade of neoliberal indoctrination that ‘There is No Alternative’ to capitalism, there emerged a backlash in the 1990’s and a new actor appeared in global politics, whose precise definition and contours may be indeterminate and disputed, ‘but whose presence is not: global civil society (GCS).’ One network of activi...
4,285 words
14 pages
A Comparison of the Views of Malthus and Ricardo on Economy
Malthus and Ricardo came from very different beginnings that shaped their economic beliefs. Malthus was the son of an eccentric, intellectual of the upper middle class while Ricardo was the son of a Jewish banker who immigrated from Holland and both were well off. From here the similarities end. Malthus was tutored and stud...
772 words
3 pages
An Analysis of the Book Common Sense Economics: What Everyone Should Know About Wealth and Prosperity by James Gwartney
“Common Sense Economics: What Everyone Should Know About Wealth and Prosperity” Common Sense Economics: What Everyone Should Know About Wealth and Prosperity by James D. Gwartney, Richard L. Stroup, and Dwight R. Lee is an easy read that I found informative and manageable. It teaches the ideas of macroeconomics but in a w...
537 words
2 pages
An Examination of the Gentrification in Brooklyn
Gentrification in Brooklyn Gentrification is a very pressing issue to many residents of New York City. Gentrification is when property values in low income neighborhoods rise, displacing low income families and small businesses to make room for wealthier residents. Many neighborhoods in Brooklyn are experiencing gentrifica...
520 words
4 pages