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Trade Deals Should Not Be Removed From the Farming Sector
Farm Sector and Trade Deals In 2014, American agriculture exported $150 billion worth of farm
goods. This is in large part due to the passing of the North American Free
Trade Agreement (NAFTA) and the implementation of the World Trade
Organization (WTO) in the mid-90s. In 1998, U.S. agricultural exports
totaled $52 b...
530 words
2 pages
A Family Budget for Our House and a Honda Pilot
My family makes an annual Profit: $60,000 with saved money $6,000. From these numbers we rationally decided on getting the Honda Pilot and the two bedroom and one and one-half bath costing $95,000.To get these, we would take $5115 out of our savings to pay down payments. Down payments, according two experienced sources, is...
486 words
2 pages
The Views of John Mayer Keynes on Consumerism and Its Good Effects on Economies
John Mayer Keynes- Consumerism Every year Americans grow more and more materialistic. We judge each other based on how much money we have, or by how much stuff we have. Who has the nicest house? Who has the better car? We have become these horrible consumers, continually taking advantage of what we have access to. We tak...
538 words
2 pages
The Reasons Behind the Wealth Distribution Gap and Poverty According to Royce
"In 2006, the top CEOs of the largest U.S. corporations received an
average total compensation package of nearly $11 million dollars,
approximately 364 times the average worker pay, up from 42 time in 198. H.
Lee Scott Jr., the chief executive of Wal-Mart, ranked in more than $15
million in 2005, about 850 times the pay of...
1,655 words
6 pages
An Argument Against Using GDP in Measuring Economic Performance
GDP vs. GPI Gross Domestic Product and Genuine Progress Indicator are two ways in which we measure our progress as a country. The Gross Domestic Product or GDP is the monetary value of all the goods and services produced within our country over a preset time, usually a year. The Genuine Progress Indicator or GPI also mea...
294 words
1 page
The Rhetorical Strategies and Effectiveness of "Ounces of Prevention-The Public Policy Case for Taxes on Sugared Beverages," by Brownell and Frieden
In the article, “Ounces of Prevention-The Public Policy Case for Taxes on Sugared Beverages” written by authors, Kelly D. Brownell and Thomas R. Frieden, discuss on how sugared beverages should be taxed. The authors argue that an excise tax should be imposed in order to decrease the rate of obesity and obesity related condi...
987 words
4 pages
The Role and Importance of Roads
Importance of roads Roads play a very important role in the economy of a country. Roads are different from alleys, streets or even avenues and they join towns and villages. The word ‘road’ is not of a misnomer to anyone but when we think of roads, a long surface of grey hard surface comes to our mind. The importance of roa...
343 words
1 page
A Debate Regarding the Ownership of Water and the Negative Effects of the Privatization of Water
Water has been the source of many debates among water users regarding the ownership of water. The world’s water is insufficient for the earth’s population; therefore, there are countries without access to clean water. According to Wenonah Hauter, Executive Director Food & Water Watch, “With 1.2 billion people in developing...
738 words
3 pages
A Report on Barro and Romer's Analysis of the Entry Fee Pricing Used by Amusement Parks and Ski Resorts
Introduction Amusement parks and ski resorts typically charge a one-time entry fee to use as many rides or ski-lifts as people can in a day. They do not charge a fee for every individual ride that a person takes. Barro and Romer analyze why amusement parks and ski resorts use this type of entry fee pricing. In this paper...
1,062 words
5 pages
An Analysis of a Agg-New News Article on RSTA's and MPA's Concerns over Road Maintenance
“Aggregate Supply Concern for Road Maintenance” RSTA shares MPA concerns over diminution of available aggregates reserves across the U.K. -Anonymous, Agg-Net News Summary: The Annual Mineral Planning Survey is currently failing to maintain a steady and adequate supply of resources to complete many public works projects...
784 words
4 pages
An Analysis of the Bureau's of Economic Analysis GDP Release from 2014
1.In their latest GDP news release, the Bureau of Economic Analysis provided a second estimate for the third financial quarter of 2014. Real GDP (also known as chained-dollar GDP) from the previous quarter to this one increased by 3.9 percent to 16,164.1 billion dollars [1]. The base year used for real GDP was 2009. Nominal...
925 words
5 pages
The Flaws of IRS Income Tax Data as a Tool for Measuring Income Inequality and Poverty
The use of IRS income tax data for measuring income inequality or poverty is fundamentally flawed as IRS income tax data is designed to assist in collecting revenue and not for compiling demographic data. Tax data mostly disregards the role of age and cost of living differences and needs to be corrected for these factors i...
704 words
3 pages
An Examination of the Scholarly Views of Consumer Behavior on Green Products and Lifestyle Development
Abstract This paper addresses the scholarly views of consumer behavior regarding green products and lifestyle development. The market for almost any major type of product now has a green option that is typically more expensive than non-green options, and highlights specific skewed information. Through many examples of gr...
6,504 words
23 pages
An Analysis of the True Meaning of Christmas
The True Meaning of Christmas Bags. Boxes. Wrapping paper. Ribbons. Lines. Sales. Deals. Traffic. Stress. Anger. Yup, it’s Christmas time again. What started as a Christian holiday to celebrate the birth of Jesus Christ, has developed into a more-secular celebration, observed across religions boundaries. As the holiday has...
707 words
4 pages
The Issue of Economic Decision Concerning Feeding Homeless People in Public Places
Economics Introduction Basically, an economic decision is made based on the marginal cost and marginal benefit analysis package. And this can be reached at once a critical analysis has been made and it is discovered that that the benefits are greater than the costs incurred. For example, the issue of feeding homeless pers...
549 words
3 pages
A Discussion on the Government's Involvement in the Market and the Economy of the United States
INTRODUCTION Government involvement in the economy has always been a hot topic.
Obama Healthcare is currently one of the most controversial topics in the
United States. Indeed the government is there to serve the people and
protect the interest of the society. In the world today, those with more
bargaining power and m...
1,551 words
5 pages
The Trends in Annual Median Household Income Throughout the Years in the United States
With global populations increasing at an exponential rate, the rising rates of poverty are reaching farther out of the urban areas, while the extremely wealthy pull further and further away from the middle class. Although not many can fully comprehend the effects that this will have on future generations, it is important to...
1,349 words
3 pages
The Connection Between Economic Growth and Income Inequality
In this paper, they continue to discuss elucidating a clear connection between economic growth and income inequality as one of the most important questions in the literature. In the beginning, it is hypothesized that income inequality may have some sociopolitical implications if it serves to incentivize behaviors that are d...
345 words
2 pages
Inequality of Wealth; Economic Growth
December 7, 2015 Inequality of Wealth Inequality on economic growth is the bridge between the lower middle classes and the wealthy. This inequality arises in our society due to the lack of education by the lower middle classes, which can be explained by the combination of the constant growth of the cost of living as well...
441 words
3 pages
Well-Being and Desired Child Qualities; Data from the Human Values Survey
In this assignment a small part of the data from the Human Values Survey were used. In this survey 39 countries took part, and the variables refer to percentages of persons in a country that did choose some answer. A principal components analysis (PCA) was conducted to analyse the underlying component structure of the items...
1,558 words
8 pages
A Comparison of Merit Good and Public Good
Economics With examples, explain the difference between a merit good and a public good A public good, such as the defence, cannot be supplied by the private sector or individuals, moreover, public goods have the attributes called non – excludable and non – rival. The attribute of non-excludable means there would be no mar...
869 words
4 pages
Development Economics in the United States of America
Growing up in an economically disadvantaged family, I develop a deep-seated desire to see a world free of poverty. This desire has shaped my interest in Economics, more specifically, Development Economics. Development Economics will enable me to have a comprehensive understanding of the challenges of world poverty and will...
641 words
2 pages
The Advancements and the Market Economy in the United States
The United States of America today is advanced when it comes to transportation, technology, communication, and overall acceptance.  These advancements did not just appear out of thin air, they were a result of the market economy and push for change that took shape in the United States from the late 18th century to the early...
1,606 words
5 pages
A Large Inequality of Wealth in the US
Wealth equates to power and power turns into wealth. This isn’t necessarily a bad thing, but too much wealth and power can mean corruption and a non-functioning society. Can wealth and income be distributed too unequally and what might this mean for a society? The intention of this essay is to address whether wealth and inc...
566 words
3 pages
Greed and Excess in US Due to Consumerism
Reports of greed and gross excess in our country due to
consumerism are a dime a dozen. This deeply rooted hated for a system
leaves no room for the discussion that needs to be had, the perks of
consumerism. The truth is we need consumerism for a steady supply of jobs,
to ensure our money is on things worth the spending, an...
1,263 words
4 pages