And I find chopsticks frankly distressing. Am I alone in thinking it odd that a people ingenious enough to invent paper, gunpowder, kites and any number of other useful objects, and who have a noble history extending back 3,000 years haven't yet worked out that a pair of knitting needles is no way to capture food?" (Gunpowder quotes), this quote talks about how the Chinese made many great inventions like gunpowder. Gunpowder is very important because it created a weapon of mass destruction that…
The Clydesdales are Super Tall. In the article titled “ 14 Interesting Things Clydesdale Horse Facts” it says, “ The average height of a Clydesdale will generally exceed 18 hands in height (6 ft), many are more than 6 ft in length.” That would make the average weight of the horse over 6,000 pounds or more. The breed was originally bred for war, so they kinda have to be tall. For a tall horse you need a bigger stall. A normal horse stall is 20x20 but, for a clydesdale he stall needs to twice…
The results we get from macroeconomic tools are bound to make errors. These errors can sometimes be minimal or they can be drastic. Some of the tools used in macroeconomics are GDP (gross domestic product), Stock market, unemployment rate and money supply changes. These are the main and most commonly used tools when collecting results to predict economic realities. These tools can be challenged and be subject to error as a result of their flaws. There are many reasons how these tools can cause…
Quantitative Easing, as defined by Investopia, is an unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase money supply. In short, in times when standard monetary policy has become useless, this is used by central banks to help stimulate the economy. Quantitative easing is used when short-term interest rates are close to that of zero, and no new money is needed to be printed in the…
Issue: The crisis of 2007-08 demonstrated that macroeconomics and macroeconomists failed as a social science and a profession. The objectives of macroeconomics as a social science are twofold: to understand the complex workings and drivers of the global economy through models and predict the economic changes in the near future. Successfully macroeconomists not only grasp the intricate webs of our economy but also are able to advise on policies that would ensure economic stability and…
religion (Central Intelligence Agency). The total population of Costa Rica is 4,814,144 as of July 2015 (Central Intelligence Agency). The south pacific region has a much lesser population than that of the cities because most of the people that live there have occupations in agriculture and/or tourism. Modern-day Costa Rica is a country with high literacy and employment rates for a “developing country”. The literacy rate is 97.8 percent proficiency of people at the age of fifteen or older.…
Today, we know how the plague was spread and why it spread from Asia to Europe. In the 14th century, no one understood it. They did not understand how they got it, or how it spread from person to person. Some people thought that looking into the eyes of the sick would make themselves sick. The doctors that would tend to the sick attempted to treat it by bloodletting and actually puncturing and trying to drain the swollen skin buboes. Many people would avoid all human contact with the sick,…
The Rural Cemetery Movement With rapidly growing urban populations in the mid-1800’s, it was important to develop healthy, green, spaces for city dwellers. The Rural Cemetery Movement encouraged American cities to use cemetery space as multi-functional space for leisure, recreation, environmental preservation, and for healthy burial practices (Lundgren). "In a country sorely lacking in public green spaces, these cemeteries provided these graceful, elegant places…They were all around…
Exchange Rates The exchange rate is “the price of a currency in terms of another, e.g. how many U.S. dollars can be bought for one pound sterling” (Rutherford 140). Exchange rate ensures the connection of the national currency with other currencies, as well as a comparison of macroeconomic indicators of different countries. Ultimately, the exchange rate determines the purchasing power of a particular currency. The exchange rate has a significant effect on the country's foreign trade since the…
Introduction In this essay, I am going to compare exchange rate targeting, monetary targeting and inflation targeting. I am going to explain when we should use the different types of policies. I will also explain the different advantages and disadvantages of each of them in order to compare them. During the past several years, we have asked ourselves the question: "How should we conduct the monetary policy to find price stability?" The government and the economic authorities goal is to find…