Supply and demand

Public transportation is a system of transportation that the government offer for people who cannot use private transportation. Previously, the primary objective behind public transportation was to give low-income people a method of transportation with sensible costs. Nevertheless, nowadays some private companies changed this principle by using public transportation as a business deal. Numerous individuals believe that public transportation is essential for them and it makes their lives easier,…

Summary of “Economic Profit vs. Accounting Profit” Robert L. Bartley writes about the about how the economic and accounting versions of profit differ. While economists are interested in what creates production and thus profit, while accountants focus on the money earned for the owner. Most CEO and CFOs are follow the accountants definition, however they should be looking at the economists way, as it show the driving force behind the company’s production rate and profit. Summary of “America’s…

Three Ideologies of Political Economy and beyond By Bernardo Creamer The ‘Prezi’ presentation “Copy of Three Ideologies of Political Economy”, used in class, is based on the ideas contained in the book by R Gilpin about political economics. Gilpin states that there are three ideologies that differ over a wide variation of questions such as: - What is the importance of the market for economic growth and distribution of wealth among groups and societies? - What should be the role of markets in…

In his pioneer model for dividend smoothing, Lintner (1956) proposed that firms in general have a long-run target payout ratio. The role of the managers is to gradually adjust firm payment of dividends toward the target. However, in this model adjustments are partial because they are not free and the firm has to incur a cost for the adjustment. The Lintner model for partial adjustment is given by: Dit – Dit-1 = ai + ci (D*it – Dit-1) + εit (1) where Dt and Dt-1 are dividend payments at…

4. There are many aspects of the Expectancy-Value Theory. The higher expectancy and value someone has, the higher amount of motivation they have. Usually when someone has a high motivation level, they are rewarded with a better outcome than they ever thought they could have. When it comes to expectancy, there are: the perceived difficulty level, instructional quality, the amount of resources that available, and someone’s past experience. Value is made up of cost, utility, importance, and…

Chirstin Kennedy October 8, 2017 ENG 352 Midterm Exam Part 1: Short Answer (45 points) 1.) What is the myth of the American Adam? Choose one of our syllabus readings and explain how this text illustrates this concept. The myth of the American Adam refers to the concept of it being the central element of American Literature. It is a 19th century mythology about American identity, most importantly that the authentic American is a HERO of innocence and has a vast potential controlled at the start…

In the clause, “Housing and unemployment: The search for the “American Dream”, by Robert Reed and Ejindu Ume evaluated that there is an important link between labor market actives and the housing market. The two authors will also compose a model of search and bargaining over both markets. They also highlight facts that argue that housing costs and friction in the housing market can hold an immense impact upon both markets. This connection can be seen in the individual worker’s desire to…

Should Minimum Wage go up? Do you think minimum wage should go up or should it stay the same? Everyone has mixed feelings about this topic and if it minimum wage should go up or not. In this essay I will be talking about the pros and the cons of minimum wage as a hole. To me it depends on the situation for the pay of minimum wage, if it should go up or not. There are some real world examples and stories that help determine the pay of minimum wage. Some examples of why minimum wage should not go…

In the following text, I will compare the Mary Poppins book and movie. The book was written by P.L. Travers and was first published in London in 1934. The movie is a Walt Disney production from the year 1964 and was directed by Robert Stevenson. The movie and the book are about the children Michael and Jane who experience many little adventures with their new nanny, Mary Poppins, who appeared flying with an umbrella. The main story of the book and the movie are similar but they contain some…

1.5 stratification (15 points) (1) Weber’s conception of stratification is derived from his analysis of economic activities in relationships. He said that economic relationships are decided by individuals’ chance of using their material property for exchange on the market. Thus, people sharing similar material conditions are classified into groups. In Weber’s view, the inequality between different groups is associated with not only the economic dimension but also social, political, and…