Price

the labor market, development of the financial market and technological readiness. Describe the price specie flow mechanism. The price-specie flow mechanism was created to a country in explaining how to adjust the trade imbalances via the gold standard automatically. According to the mechanism, the central bank is insignificant since the gold coins are assumed to be circulated. Also, from the price-specie flow mechanism based on the gold standard, those nations that possess trade balances that…

the essay below, I will examine price elasticity, principle agent problem, and whether the nature of my local market is monopolistically competitive, oligopolistic, or a…

competitors and peers are selected as follows: • Downer EDI Limited (Ticker: DOW) • Lend Lease Limited (Ticker: LLC) • Brambles Limited (Ticker: BXB) • Smartgroup Corporation Limited (Ticker: SIQ) Market multiples are chosen and discussed here: 3.1 Price…

a goal of keeping the economy steady and stable. Each government uniquely applies policies it considers best but the desired result is similar for all, a stable economy. To keep the economy steady and non-volatile, the government seeks to achieve price stability and continuous economic growth. The nation’s policy makers carefully consider the business patterns in the country and come up with policies to achieve a stable and steady growth which is sustainable and also help reduce possible…

How will falling oil prices affect the economy globally? Due to a surplus in supply and unchanging rate in demand, the falling oil prices will benefit consumers but it could potentially hurt producers’ worldwide. Historically speaking, oil is seemingly a very important part of human and economic development. In the early days, finding oil during a drill was considered troublesome, as the intended find was normally water or salt. However, in 1857, the first commercial oil well was developed in…

Effect of Lower Gasoline Prices 
 As gasoline prices have dropped, it has allowed Americans to drive more. Americans started to go out to eat more at restaurants, travel, and purchase trucks. When the gasoline prices were high, it did not allow people to drive out much because the cost was too high. It caused people to spend less money on going out, shopping for clothes, buying trucks, and much more. For example, in the article “Lower Gas Prices Yield Uneven Benefits” by Anna Louie Sussman and…

If the Price is Right... Ever since senior year started, I have always enjoyed getting the mail. Getting the mail was not a chore, but a simple way to turn my day around. Suddenly, one typical day in October, something new appeared on top of the repetitive bundle of bills and newspapers in my mailbox: a giant, bold envelope with the words “You’re In!” printed on the front side. Receiving a college acceptance letter is easily one of the best feelings I have felt throughout senior year.…

Heartbreaking, romantic, and riveting The Tragedy of Romeo and Juliet by William Shakespeare and its’ reality counterpart, The Price of Young Love by Jack Healy both tell a story of what love can do when Cupid’s arrow has struck one’s heart. There are quite a number of similarities between the script and the article, such as the way love can sometimes result in disastrous consequences, like the case of Romeo and Juliet. Another main similarity that both of them share is the idea that feuding…

strategy to price their products very high. Unfortunately, this strategy failed in the case of Apple. Apple has been reducing the prices of their iPhones over the years. This could be a strategy to sell their products to new consumers while consequently expanding its market share through more and more people affording to purchase IPhones. Froeb, Luke, & Ganglmair (2009) have referred to this pricing strategy by Apple as Inter-temporal price discrimination. This refers to setting a high price…

modern, which I refer to as the theatre price paradox, where the intended audience (the common man) does not attend plays originally written for their empowerment and benefit due to a lack of financial resources. This paradox still exists in contemporary times, as the high costs of tickets to today’s major Broadway shows make access difficult for most people. Lin-Manuel Miranda’s hit Broadway musical, Hamilton, stands as a prime example of this theatre price paradox, as the show preaches a…