Video on 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…

Macroeconomics is concerned by the overall economy and large scale economic decisions such as fiscal policy, investment and interest rates. Both classical and Keynesian macroeconomics are considered to be mainstream schools of economic thought, meaning that they both view the economy in relation to individual actions (whereas heterodox economic theorists argue that the economy is too complex to be reduced down to analysable individual behaviour). However, although classical and Keynesian…

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…

First, let’s talk about what supply and demand actually represents. Supply and demand is the theory explaining the collaboration among the supply of a resource and the demand for that resource. The theory that governs supply and demand defines the effect of availability of a particular product and the desire (or demand) for that product has on price. Normally, a low supply and a high demand increases price, and the greater the supply and the lower the demand, the lower the price tends to…

general rule for hiring, because this is when the firm is not losing money, so by hiring it will not cause the firm to lose money. There are four determinants of elasticity for MRP, number one: the greater the elasticity of demand for the final product, the greater the demand for labor. Meaning, when more of a product is wanted by consumers, more laborers are required to help produce the product. Number two: the easier it is to find a substitute factor. Meaning if it is easier for a consumer…