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    Have you ever wondered how people with difference careers communicate and express how they feel about what they do, how they do it, or what impact they have in society and how it relates to our education? Experts from different fields might study and approach current issues. My issue is: poverty. First, we must understand what an Economist is. An Economist is a Social Scientist, expert in economics. According to “What is Economics”, economics is “the branch of knowledge concerned with the…

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    In his piece on poor support, David Ellwood argues that clashes/tensions between American values yield three helping conundrums. We want to know, which of these conundrums is most salient today and how might policymakers work to reduce the inherent value tensions? Ellwood mentions three helping conundrums. The first one is the Security-Work Conundrum. He argues that welfare can increase the security of the poor and can also reduce their motivation and likelihood to work. On the other hand, if…

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    Bumper Sticker Analysis

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    I believe that the purpose of this bumper sticker is clearly to express corporate capitalism. It is, in my opinion, an argument of ethics, reasoning, or logos. Is it ethical, or reasonable, to allow a large corporation, such as coke, to control a larger part of our economic system than the people or government? Nothing to my knowledge provides a more accurate depiction of this problem than a bumper sticker using the iconic enjoy that Coke (a large, multinational conglomerate) so typically, and…

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    Ticket scalping has been around for many years and is defined as ‘an unsanctioned ticket investor who purchases tickets to an event and resells them at raised prices.’ The action to ‘scalp’ has been referenced as early as 1869 in American English to theater tickets but mostly to that of the 19th century referencing railway tickets. A scalper was a common utterance for “con man or cheater” in the late 19th century. (Scalper) The second-hand market grew exponentially as opportunists realized they…

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    dealing with several countries which adds vulnerability. Aspects such as economic growth and interest rates are major components in this situation. Interest rates may significantly increase in some countries, causing prices to increase, and therefore, demand to decrease. Yet, if interest rates significantly decrease in these countries, more people will spend which will cause economic growth, and therefore result in inflation. With inflation, aspects such as unemployment may occur since prices…

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    Lego Reselling Markets

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    new sets for most themes every six months. When a set is retailed it has an average shelf life of two years during which the price elasticity of demand remains fairly inelastic. During these two years there are many sets to choose from, choice becomes limited for an individual consumer because products are expensive. It is because of this that the demand is inelastic on the whole for an average consumer because he or she cannot afford to buy multiple sets. Moreover, even though there are many…

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    The numerous social goals that intervention needs to be identified in order to decide the optimum level of government intervention. Two of the main objectives of government intervention identified are; equity and social efficiency. (Sloman & Wride 2009). Equity – If some people are living in great affluence while other people are living in poverty then it shows that they free market fails to lead to fair distribution of resources. The government should have a duty and role to redistribute…

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    Energy’s financial performance are external forces, such as supply and demand, environmental regulations, political events, competition and the economy. These forces have a profound influence on the financial prosperity of the organization. One of the most fundamental external factors of Noble Energy is supply and demand. Due to the cost and time commitment of oil acquisition, Noble Energy cannot easily adjust to supply and demand changes, making financial forecasting very difficult.…

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    their resources have the rights to produce and trade. There is limited government involvement, which is good because if there was no Gov. there would be no taxes on economic activities or government regulation of economic activities at all. Supply and demand are what make the prices go up. Some advantages are: markets give producers…

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    Mission Statement Our original strategy was to focus on our traditional and low-end markets. We decided that all products needed to shift over time to be in line with traditional and low end consumer preferences. Our plan was to keep R&D and other costs as low as possible so that we could have low prices as part of a niche cost leader competitive strategy. We planned to increase automation for Cake and Cedar in order to lower production costs. We believed that our strategy would lead to a…

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