Principal of Economics for Accounting- Free-Samples for Students

Questions: 1.Explain why this scenario is considered bad for the economy and what are the possible explanations for the weakening of Competition? 2.Use simple demand and supply analysis to show how a monopolist can affect total welfare. 3.What does Schumpeter suggest as solutions to Improve Competition? Answers: In view of capturing a greater market share, the firms continuously are competing with each other in the Competitive market (Baumol Blinder, 2015). Innovation of new techniques for production are necessary for reduction of cost and increasing profit. The firm may fail to show interest in adopting better technologies if the competition is reducing continuously (Varian, 2014). They start to save their profit and not invest it in adopting technologies. As a result, wages of the workers will be reduced and this will affect the economy. Sellers will start to leave the market if this continues and there be more reduction in the competition. Thus, a few big sellers will take over the market and thus will rise a monopoly market. For the consumers and the society, this will come up to be a very bad news. The increase in the intervention of the government to regulate the market is a major cause for the rise of this situation. The government decides to intervene in the market from the fear of large firms taking over the entire market if the market is left unregulated. It was felt by the existing firm that there has been unsystematic intervention of the regulators. This prevented them to grow bigger. Consequently, the competitive market is weakening and most of the sellers started to leave the market. 2. In the figure given above, the demand in the marked is denoted by the curve DD. The curve SS denotes the supply of the goods in the market. The SS curve is also known as the marginal cost curve. The intersection of the DD curve and SS curve shows the market equilibrium. E is the point showing the equilibrium of the market in the figure. P* and Q* denotes the price of the commodity in the market and the quantity of the commodity supplied to the market respectively. In the monopoly market, the point where marginal revenue (MR curve) and marginal cost concur with each other is known as the point of equilibrium (McKenzie Lee, 2016). The diagram shows that at P1 the market price is high and at Q1 the Quantity supplied is low. Thus, a lower quality can be sold at a price higher than the competitive market. As a result, the consumer surplus reduces in comparison to the competitive market. The seller enjoys all the surplus (Friedman, 2017). This reduces aggregate welfare that is defined by the surplus enjoyed by the producer and the consumer together. The shaded triangle from the figure above shows the dead weight loss of the society. 3.It has been suggested by the economist Schumpeter that a three stage strategy has to be adopted to overcome this situation. Politicians can be forced to change their decisions if the public starts to make strong campaigning. Due to the combined actions shown by the monopolists, an important reform has risen in the 1920s. The technocrats has received significant powers due to the formulation of the antitrust law. A brave move from the public is only necessary for this reform. The scholars will be given a nice lesson from the experience of the school in Chicago. The paramount role of the competition and its implications in social welfare is very important for the Americans to understand. It can be expected that, implementation of these strategies will lead to a lot of improvement in the market in the near future. References: Baumol, W. J., Blinder, A. S. (2015).Microeconomics: Principles and policy. Cengage Learning. Friedman, L. S. (2017).The microeconomics of public policy analysis. Princeton University Press. McKenzie, R. B., Lee, D. R. (2016).Microeconomics for MBAs: The economic way of thinking for managers. Cambridge University Press. Varian, H. R. (2014).Intermediate Microeconomics: A Modern Approach: Ninth International Student Edition. WW Norton Company.

Fast Food Nation Synthesis Essay Example

Fast Food Nation Synthesis Essay Sarah Whitaker Mrs. Kurtz A. P. Language and Composition 6 February 2013 The Meatpacking Industry: One of the Most Dangerous Jobs in the U. S. A report from the American Meat Institute shows that the U. S. is home to about 6,000 meatpacking plants. Millions of jobs all over the country are made through meatpacking plants. These low paying, risky jobs are swept up by men and women, these people unknowing of what exactly they have gotten themselves into. The meatpacking, today, has become one of the most dangerous jobs in America. As found by Steven Greenhouse of the New York times, â€Å"†¦the nation’s meat packing industry has such bad working conditions that it violates basic human and worker rights. † Ever since the publication of the famous book by Upton SainclairThe Jungle— people all over the world have found it necessary for inspections to be considered and for changes to be done with little success. Workers in today’s plants seem to have the same problems that were faced almost 100 years ago. The Appleseed Center For Law found an estimated â€Å"total of 62 percent of those interviewed said they had been injured on the job in the past year, a rate seven times higher than the government’s official statistic for slaughterhouse workers†¦. †, as found in Reprt:Line Speed, Injuries Increase for Slaughterhouse Workers. So what happened to the much needed safety laws? It’s simple really, they just aren’t being followed. Many workers today, who live in horrible working conditions day by day to make their living for them and their families, are not being treated as they are meant to be and this has only made the industry bigger. We will write a custom essay sample on Fast Food Nation Synthesis specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Fast Food Nation Synthesis specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Fast Food Nation Synthesis specifically for you FOR ONLY $16.38 $13.9/page Hire Writer One person quits or gets hurt and another is there, easily filling the new open position. Complaints don’t help either, as found by Gail Eisnitz, also cited in Reprt:Line Speed, Injuries Increase for Slaughterhouse Workers, â€Å"Slaughterhouse workers talk of a production system that moves to fast†¦despite numerous complaints to management—as well as countless injuries—the companies refuse to make changes because slowing the process would mean not making as much money. † As found in Eric Schlosser’s ook Fast Food Nation the underlying fact is that with power and money there comes damaged morals. The big business owners just don’t care! Now that the secrets are out and the industry is â€Å"naked† to the public now, the people are not calling the industry â€Å"The Jungle of the 2000s†, an article put out by the Associated Press States. Martin Cotez as interviewed by the Associated Press says, â€Å"You know what I like to say to the newcomers? They don’t kill cows. They kill people. † This, a response to his own story description, just puts a whole new label on the industry; murderers! Sinclair’s book published so long ago still seems to have barely effected the industry of today. As discussed in Fast Food Nation, Schlosser also speaks of the injury of workers throughout chapter 8, effectively titled â€Å"The Most Dangerous Job. † One example of the horrible working conditions also comes from Fast Food Nation, Jesus â€Å"A soft spoken employee of DCS Sanitation Managerment, Inc† Talks of an experience he had on one of his cleaning duties, â€Å"One night while Jesus was cleaning, a coworker forgot to turn off a machine, lost two fingers, and went into shock. An ambulance came and took him away, as everyone else continued to clean. He was back at work the following week. ‘if one hand is no good,’ the supervisor told him,’use the other. ’† Not only did the supervisor not care, a person was injured and still returned to the job he obviously needed. So what needs to be done? Obviously whatever it is, its not happening. So even though the demand for food is high in this nation, what’s more important, our food or our citizens? increased demand at slaughterhouses has caused a rise in work related injuries† according to a report by a Nebraska-based non-profit. People in these plants are getting hurt not only because it’s what the job demands but because the more we as consumers want, the more the big industry owners will demand more work. So what will we as American citizens do? Work Cited American Meat Institute.   American Meat Institute. Web. 8 Mar. 2013. Report: Line Speeds, Injuries Inc rease for Slaughterhouse Workers. Digging Through the Dirt, 8 Oct. 2009. Web. 7 Feb. 2013. Greenhouse, Steven. Meat Packing Industry Criticized on Human Rights Grounds. The New York Times. The New York Times Company, 25 Jan. 2005. Web. 27 Feb. 2013. Dangers, tensions lurk in meatpacking industry†. Associated Press. Breaking News Top Stories World News, US Local: NBC News, 24 Apr. 2006. Web. 27 Feb. 2013. Safety and Health Guide for the Meatpacking Industry. Occupational Safety and Health Administration. Web. 27 Feb. 2013. Schlosser,Eric. Fast Food Nation. New York: Harper And Perennial,2005. Print.

Literature Essays

Literature Essays Successful literature essay focuses on an imaginative work and discuss how certain passages are related to your interpretation. Literature is related to the humanities disciplines that are considered to be text-centered disciplines. In literature courses, your texts will be imaginative works: poems, plays, novels, and films. As a student of literature, you may compare and contrast works of the same author, responding to assignments, at least in part, informative. During your education you will complete different types of essay assignments that will vary not only by topic but also by the essay structure. There are several types of structures that you will use in your essays depending on the purpose. Making Arguments The purpose of making arguments in literature is to interpret texts and to defend interpretations as reasonable. No one will expect your arguments to end all discussion of a question but your arguments definitely should be convincing and well supported. The goal of an argument in the literature is reached when you understand the point of view of the author in full. You should therefore not expect to read- or  write - a single, correct interpretation of a play. Instead, you should interpret the text and argue your point of view. One interpretation, argued well, can be clearly superior to and more compelling than another. It is an everlasting cycle because students of literature pose different questions and examine texts using different methods producing different interpretations, opinions, and arguments. You would in every case be arguing for an interpretation, and in every case your argument would be more or less convincing, in light of the conventions for arguing in the literature essay. You can help yourself focus on the purpose of argumentation in your literature classes by posing these questions: What sorts of questions will I investigate in this course? What sorts of texts will I be reading? To what extent will I be making interpretations? Claims, inferences, evidence In your literature essay you may be asked to write a claim on the assigned text. When you decided on your claim you should justify it to readers by referring them to specific passages in the text. Each such reference would count as evidence in support of your claim. Especially in literature, evidence usually involves a reference to some primary source - a poem, a novel, a letter, or journal entry. There is a common pattern of claim and support in the literature essay: 1. You make a claim that commits you to an interpretation of the text. 2. You support the claim by referring to a source. 3. Optionally, you comment on the source, linking it to the claim. In literature, sources that you use and what you write about them are connected in concrete ways to a story, imagined or actually lived by the author. An analysis of literature text is built by linking many cycles of claim, reference, and comment according to an overall plan, or thesis. When you write a literature essay for your class, don’t forget to apply these cycles, they are very helpful not only in producing the paper but even in starting it. Analysis In your literature classes you might be asked to write an analysis of some literature text in your essay. In analyzing a short story or novel, for instance, you might focus on characters, themes, plot, or structure. You might analyze a poem for its rhymes, meter, or symbols. These features give literary texts their meaning, though the meaning of a work will never be a simple sum of its analyzed parts. When you are conducting a literary analysis in your essay consider the following features: Characterization Who are the main characters? What are their qualities? Is each character equally important? Equally well developed? Language What devices such as rhyme, meter, and pauses does the author use to create special emphasis? How does the author use metaphors and choose words to create visual images? In what ways are these images tied to the meaning of the text? Narrator, Point of View Who is speaking? What is the narrator’s personality and how does this affect the telling? Is the narrator omniscient in the sense that he or she can read into the thoughts of every character? If not, how is the narrator’s vision limited? Plot How does the writer sequence events so as to maintain the reader’s attention? Which actions are central? How are other, subsidiary actions linked to the central ones? What patterning to the plot do you see? Are there ways in which the plot’s structure and theme are related? Structure In what ways can you (or does the author) divide the whole poem or story into component  parts - according to theme? Plot? Setting? Stanza? How are these parts related? Setting Where does the story take place? How significant is the setting to the meaning of the text? Symbolism Are any symbols operating, any objects that create for readers emotional, political, religious, or other associations? If so, how do these symbols function in the poem, story, or play? Theme What large issues does this text raise? Through which characters, events, or specific lines are the questions raised? To what extent does text answer those questions? You will be able to observe at least several of the following features in the poetry, fiction, and plays that you read. Conduct your analysis of a literary text by reading closely and identifying passages that illustrate one or more of these features. Discussions of specific features should reinforce one another so that your analysis is unified and presents a single, coherent interpretation. If you are interested in custom literature essay writing, our highly qualified writers can write an essay for you.

Assignment Example | Topics and Well Written Essays - 250 words - 334

Assignment Example More importantly, it provokes them to stop acting like victims and begin fighting like heroes. The sonnet form serves as a valid tool for discussing social injustice and describing the urgency of social action. Second, sonnets have a feature called a turn where the poem’s theme or tone changes abruptly. English sonnets frequently turn at line 13, but McKay turns already at line 9: â€Å"O kinsmen! we must meet the common foe!† By discarding the symmetrical form of the sonnet, it follows the chaos of an actual battle. It also suggests the need to stop waiting and to start acting on social injustice now. Third, the alternate rhyme scheme supports the purpose of the poem as rhetoric for an active participation towards social justice. The rhyming of â€Å"hogs† (McKay 1) to â€Å"dogs† (McKay 3), for instance, illustrates that the oppressors are inhumane because of their animalistic violence. In addition, rhyming â€Å"inglorious spot† (McKay 2) with â€Å"accursed lot† (McKay 4) increases the intensity of the marginalized conditions of the speaker’s population. The rhyme scheme also enhances the effectiveness of the poem as rhetoric against long-standing oppression and as a strong call for timely social

U.S. - China relations since 1970 to present Term Paper

U.S. - China relations since 1970 to present - Term Paper Example US-China relations since 1970 to present Both US and China differ on their ideologies and also do not possess similar economic and political views. They in fact come together for strategic necessity. The US side is filled with suspicion about China’s intentions and its strategies on economic, political & military fronts. The Chinese side on the other hand considers US as a threat to their communist ideology. US always pressurize China in the areas of human rights, economic and military sanctions. China though not always interested in ideological quarrel is forced to do so by the western ideology followed by the US. Therefore US-China relationship has developed on the parameters of mistrust and non-declarative thoughts along with military capacity building aimed against each other (Guo, 2010, p2). The US was basically a result of the convergence of the North American, European and African cultures. It mainly developed from small and struggling settlements to more thriving and populous colonies between 17th and 18th ce ntury facilitated by the exploitation of natural resources of North America. The commercial and cultural exchanges throughout Europe, Africa and the America led to the creation of the modern world (Winkler, Mires & Pestana, 2006, pp. 7-13). Initially during the period of Opium war in China the US was trying to disrupt and destabilize China’s communist government. The US considered China an aggressive power and threat to the non-communist countries. The US stationed military troops down the eastern and southern boundaries of China. During this period the US also engaged in the war in Vietnam. The US formed alliances with Japan, South Korea and the Nationalist government on Taiwan and encouraged them not to develop diplomatic relations with Beijing. The US also restricted American’s entry into China. The US was in fact tougher on China than other communist rivals. It pursed a â€Å"wedge† strategy which was aimed to encourage a separation between the two communist allies (Nathan & Ross, 1997). More than 90% of the Americans held unfavorable images about China; considered the nation as threat to US security. The American concepts of individual liberty, political pluralism and economic opportunity were alien to China. China was marked by Cultural Revolution trying to inculcate ideals of collectivism, asceticism among its people and facing continuous class struggle. China thought US to be beneficial on economic and political front. But Americans considered China an irrational power as their support for revolutionary movements proved to be dangerous to US (Harding, 1992, p.3). Therefore it was particularly a period of the formation of new ideas. US- China (1970-1989) Beginning from 1970 the relation between US and China was found to be versatile and multileveled. The two nations began to move closer to each other. The Americans on the one hand were trying to end their Vietnamese war while China was seeking support on account of its resistance to the pressure from Soviet Union (Nathan & Ross, 1997). Soviet Union was a direct threat to the security of China. Due to Soviet Union gaining an advantageous position in the global arena against the US compelled a reconciliation between the US and China. Both the countries started coordinating their strategic postures and united their military assets against Soviet expansion. Some Chinese leaders including Mao were interested in resuming cultural and

Philosophy Reflection Essay Example for Free

Philosophy Reflection Essay This was my first major introduction into the study of philosophy, and I can honestly say that it has had a major impact on my belief system. Many of my views have been changed and my overall view on life is much different than it was five months ago. To me, the two most interesting works were the Tao and The Minds I. The Tao describes a really interesting way of life. Of all the philosophies weve read, it is the simplest and most beautiful. Instead of scanning for hidden meanings and analyzing all parts of life, Laozi just tells us to live life. Do no more than you have to do, but do everything you have to do. He tells us not to worry about death and just live life. I honestly think very simple and peaceful way of living can bring us much more happiness than we have now in our current society. However, the only way it can be implemented is if everyone follows the Tao, and that is nearly impossible in our current society. We should honestly try to live simpler lives and see the beauty of everyday things. The other work that really impacted me was The Minds I. Im not sure if it qualifies as a single work, but there were several important themes that really interested me and changed some of my views. The section that really interested me the most was the section describing intelligent machines and animals, and their relationship to humans. I had always considered humans superior to animals due to their intelligence and ability to communicate. I never thought too much about the idea of intelligent animals and even machines and their relationship to humans. An intelligent machine or animal that can communicate definitely would be on the same evolutionary level as humans, and thus there could be no way to justify creating an intelligent robotic servant or helper without harkening back to the ideology that prompted slavery. Also, destruction of this machine or animal would be equivalent to murder. However, I still so no moral objection to creating an intelligent robot, as long as we give it its own freedom, just as we would to one of our children. Its may be considered playing God, but if we are his greatest creations, we should have the right to test our limits. Only through a recreation of consciousness done and understood by us can we begin to understand our own consciousness as well as ourselves. I had never really thought about technology in this way and never seriously questioned the origin of my consciousness, so the Minds I really forced me to think about life in a different way. Throughout the term, I not only changed and reconsidered many of my views; I discovered things that I subconsciously believed without really thinking about it. My beliefs not only changed, I discovered beliefs that I never knew I had. Some of these views surfaced when reading certain works like The Mysterious Stranger and Nietzsche. Although these two works didnt change my deep-set views that much, it was interesting to see my instinctual beliefs get challenged. I discovered I was a pretty moderate thinker, but these readings caused many of my views on life to change. However, I still disagreed with many of the views expressed in class discussions with certain works, like the Tao. But then I realized that the Tao is designed to have different meanings to everyone who reads it so they could find their own way of life and thus doesnt lend itself well to class discussions. I saw that the way philosophy has evolved over the years mirrors the way society has changed throughout history. The older philosophies that weve read, like the Tao and Plato work, seem to try to tell us how to live our lives to get the most happiness and satisfaction out of it, and how to find the way or see the light. The more modern philosophies seem to disregard the idea of a true path and tell us how to live in the best way, but they dont guarantee happiness from it. The most interesting pieces for me were a mix of the modern and older philosophies, like Nietzsche and Socrates Apology (I guess because he lived in a ancient but modern society). Even though they were completely different and I completely disagreed with one of them, they were much more compelling to me. One important thing that I learned is that I hate reading about something that I agree on, I dislike having my views proven?by another writer and rather read new ideas and opinions. From all the texts read and discussions weve had this year, its hard to highlight just three things that I learned. One of the most stimulating texts to me was The Circular Ruins. Especially when read right after Is God a Taoist, this simple story made me reconsider all my beliefs on existence and God. Just like the main character was, we are kept in the dark about our condition, where we came from and how we exist. We claim an all-mighty God as our creator, and call ourselves superior beings in his image. However, whose to say that we are not just insignificant nothings, created by another being of no importance. Would that make us less real and important? From this story I learned to stop attaching importance and purpose to everything I do. Maybe there is a reason we dont know where we come from; perhaps we dont want to know. Another important lesson came from Reservation Blues. The main characters all had to deal with finding a cultural identity while trying to escape the trap of the white man. The only ones who made it out were the ones who had a strong cultural identity. They knew themselves and identified with their past before they attempted to escape the reservation. Victor and Junior either tried to ignore their past or couldnt come to terms with their heritage. They tried to escape before they were ready, and couldnt cope with the failure. The books point, despite the suicide and Victors destruction, was amazingly positive, it showed that if you come to terms with your past and yourself you can overcome any obstacle set against you, but you must have this understanding or you will destroy yourself. From The Razors Edge I learned a lot about the purpose of life from each of the vastly different characters. At first, it seems like the point of the story is that there is a difference between what we want and what makes us happy and fulfilled. Suzanne, Gray and Elliot all got what they wanted yet all seem to live unhappy, unfulfilled lives. Further inspection showed that they all are living the life that they fully wanted and expected to live, and they are perfectly content. Isabel wanted both Larry and high society type of life, and thus is disappointed with her life because she couldnt have both. Larry didnt know what he wanted out of life, so he took basically a timeout from the real world, went into seclusion and discovered what he wanted out of life. Now he, knowing full well what he wants, is the most satisfied of all the characters. The lesson to be learned is that happiness is completely relative, and thus you cannot call anyone a failure unless he considers himself one. Also, its all right to take some time out of the real world and relax, take a step back and see what you really want to do next. In the end, this class really has changed my views on the best kind of life. I still believe that you need to live the type of life that will make you the happiest and most satisfied, but I dont think that most people know what type of life that is. If you dont have a passion, dont force yourself into any profession. Explore the world and find something that really interests you otherwise you will get forced into a miserable life that you hate. If you have a passion, you have to follow it. You have to come in terms with who you are; understand and remember your past and childhood. We have to examine our lives to discover what we really want, then try to find it. We must simplify our actions, and we have to stop overanalyzing others actions and words. We have to lose our ego and sense of shame, and stop caring what people think of you. This is the simplest way to live and live happily, without having to adjust your actions to fit what other people expect from you. We have to stop fearing death and keep on living life in the happiest possible way. This will be the happiest, simplest and best life for everyone.

Direct Digital Democracy :: Technology Government Papers

Direct Digital Democracy The central question of this paper is whether or not the rise of the Internet – and, in general, new communications technology – alters â€Å"the limits of the human capacity for self-government.† My answer to this question is no. Advancements in communications technology, no matter how significant or revolutionary they may at first seem, ultimately have no fundamental effect on man’s literal capacity to govern himself. The Internet, like the television, the telephone, and the transatlantic telegraph before that, all have one basic thing in common: each is a tool and not a force of nature. Each must be comprehended, manipulated and applied by an individual, using his own rational faculty and according to his own devices. The technology itself – although complex – is fundamentally no different than the spear, the wheel, the stirrup, the combustible engine, or the space shuttle. Technology does not change man’s fundamental nature, but it does affect how well he lives, what he does, where he goes, and how quickly he can get there. Will the Internet alter the American political system? Indeed it will, and to a large extent already has, by facilitating the work of current government officials and representatives within our present system of representative democracy. But will the Internet revolution drive the American system of government toward direct digital democracy – a â€Å"third transformation† as significant as the transformation from Athenian direct democracy to American representative democracy? Most empirical evidence suggests it will not. Normatively speaking, political scientists ought to retain James Madison’s view that the purpose of gove rnment is to prevent tyranny of the majority and to constrain evil. Therefore, contemporary politicians should openly oppose measures that seek to alter our existing institutions in an effort to make them more conducive to direct democracy, whether digital or not. This Madisonian view of government is neither the sole standard of government in contemporary American society, nor is it the frontrunner among competing political ideologies. I would argue that the mythology of liberalism or populism is accepted as just and revered by most average Americans. In the 2002 Presidential Election, George W. Bush defeated Al Gore in the Electoral College vote, thus winning the presidency, but lost the overall popular American vote by a significant margin.