OPEC OPEC Summary OPEC, formally known as the Organization of Petroleum Exporting Countries, strikes attention to many Americans and economists. OPEC controls our nation’s oil supply. Recently, because of their inability to supply an adequate amount of oil to our country the price of crude oil has risen to as much, if not more, than thirty dollars a barrel. An article published b

Organ Donation Should Markets Be Allowed to Solve the Shortage in Body Parts' The issue that we bring before you today is that of the shortage of organs and tissues for transplants. The reason we bring this issue up is because some people think that body parts and organs should be sold on a market while others do not. Right now in the U.S. and around the world, with exceptions of som

Perfect Competition And Monopoly Power Microsoft is evil, according to the antitrust lawsuits filed against them from 20 states. Its crime, it integrated its Internet browser into its Windows 98 operating system and is offering it as a take-it-or-leave-it condition of sale. That is "coercion," according to the justice department. If placing an all-or-none condition of sale on one's own

Plunkitt, George Washington The Spoils System played a major role in urban machine politics with George Washington Plunkitt especially. Plunkitt and his constituents believed in political patronage and personalized democracy. The men of Tammany Hall did things for New York City that republicans would not do. Plunkitt described these acts as honest graft. “Ain’t it perfectly hones

Principles Of Economics Principles of Economics The term transparent computing sounds like a term from an alien language to most of us in today’s society I am sure. People best understand communication as a two-way street. But really if you think about it, a four lane interstate would be closer to the truth. Humans communicate in a variety of ways: words, body language,

Economic Cooperation in the Northeast Asia ROLES OF THE RUSSIAN FAR EAST AND JAPAN IN PROMOTING ECONOMIC COOPERATION IN THE NORTHEAST ASIA The relation between the Russian Far East and Japan is 'near and far'. In the Cold War period there existed an 'invisible wall' in the Sea of Japan. The Cold War ended about 10 years ago. Although a tense atmosphere remains in the Korean Peninsula,

Retirement Funds Registered Education Saving Plan (RESP) A Registered Education Savings Plan is essentially a tax-deferral savings plan that you open on behalf of a future post-secondary student. While RESP contributions are not tax deductible, the income earned on contributions compounds on a tax-deferred basis. You may contribute up to $4,000 per year per beneficiary and RESP contribu

Scarcity And Choice Chapter 3 Scarcity and Choice: The Economic Problem Introduction What is Economics' Economics “is the study of how best to use limited means in the pursuit of unlimited ends”. Our necessities in life are few, but our wants are endless. It is nonsense to assign top priority to everything. One must choose the most desirable alternative among the possibiliti

Secret Formulas Set the Prices For Gasoline SECRET FORMULAS SET THE PRICES FOR GASOLINE In the article “Secret Formulas Set the Prices For Gasoline,” written by Alexei Barrionuevo, states that there are pricing discriminations within different areas of states and cities. This kind of pricing is called zone pricing, and it had caused many dislikes among the consumers of gasoline. Z

Shell IN Nigeria ROYAL DUTCH SHELL/NIGERIA When still examining foreign direct investment in Africa, we came across a case that made history. The Royal Dutch/Shell Company made one of the biggest FDI’s in the country of Nigeria. The company came up with a proposal for an $8.5 billion dollar oil and natural gas investment for the company. It was then that Shell Co, counter proposed

Shortage Of Apartments Economics Essay: Shortage of Apartments Question: Suppose there is a shortage of a product (apartments) but the law forbids any increase in its price (rent). What would be the results of such a situation' Answer: With the current shortages of apartments, the law that has been passed has forbids any increase in the rent. With the situation present th

Slashing The Rates! Slashing the Rates! For the past couple of months the U.S. stock market has been plummeting significantly with very little signs of improvements. Many public officials have been warning the people of the United States of a possible recession. So what is the government doing to rectify this economic problem' And also, how does this affect Americans at a microeconom

Stock Trak Stock Trak Summary When I originally started my portfolio in Stock Trak I set very realistic goals for myself considering the state of the economy since September 11. I was looking for a steady, although not big return on my investments. I am happy to say that I have met those goals and will discuss the strategy that helped me achieve those goals throughout this paper.

Sole Prope. If I were to start a business organization, I would organize it as a sole proprietor. Sole proprietorship is defined as a business owned or controlled by one individual and is the most common of all US businesses. I would choose this form of business because I am an independent person who would have a hard time trusting another person with my ideas and profits. I also feel th

Strategic Alliances National borders are losing their importance, so the redefinition and reconstruction of the concept of sovereignty becomes a necessity. The classical meaning of sovereignty is changing through the effects of globalization process. People argue that international laws and institutions result in the decline of sovereignty. Moreover, the development of Internet and c

Surviving In Africa Surviving in Africa: WHY' The evolution of the world can be traced back 40,000 to what we are calling today the continent of Africa. It is the oldest and the most contradictory continent. It is probably the most environmentally preserved and beautiful place in the world, but it is also a continent dominated by hunger, civil wars, AIDS, and corruption. It is a cont

American Econimics American Ecom Most of the problems of the United states are related to the economy. One of the major issues facing the country today is social security. The United States was one of the last major industrialized nations to establish a social security system. In 1911, Wisconsin passed the first state workers compensation law to be held constitutional. At

Tax Cut A tax cut is often thought of as the magical solution to our economic problems, but a tax cut is not always what it seems. On June 7th President Bush has signed into law the biggest reduction in federal taxes since 1981. Some Democrats say the tax cut will divert revenues that the federal government needs to spend on education, prescription drugs and other priorities, but Bush sa

The Euro Due to the considerable number of countries in Europe using their own monetary units, problems arose in trading between countries as well as discrepancies in exchange rates between the various forms of money. After several consecutive years of confusion, the European Monetary Union concluded that it was time to unify European currency. The currency they concluded to be the mos

The Externalities Of Class Clowns You know who they are. They're in every class you have ever tried to sit through. They make it difficult to pay attention, either by making you laugh or making you exasperated. They're easy to pick out within the first five minutes of class because they're loud and unavoidable. They are the class clowns. In our Microeconomics class, it's unmistakabl

The Fed Earlier we learned the important of Fiscal Policy and Fiscal Spending to combat inflation. In this unit, we learn that the Federal Reserve is another important player in the government operation to balance out monetary expansion. Through the use of reserve requirement, discount rate, and open market operations, the Fed have the opportunity to dictate the monetary policy. Through

The FED Economics is defined as the wealth-producing segment of society. Wealth is defined as the total produce of agriculture and manufacturing. Without products there can be no wealth. Money is not wealth, but a means of exchange and may be called the economic equivalent of wealth. Economics exists because all human beings have needs and desires. The needs of humans are all the same: f

The Internet Economy Introduction Thesis The Internet in the past decade has exploded into a whole new world of commerce, entertainment, and knowledge. No one could have dreamed the potential of the superhighway. More importantly, no one could have dreamed the controversy that would follow this esteemed universe of business, information, and entertainment. Copyrights are taken very

The Stock Market The Stock Market is an area of which I have very little knowledge of, and therefore decided to research as my topic for this paper. Though it plays a very important role in nearly every section of our lives, I can’t say I know much more than nothing about it. I found that the stock market is an important tool in money management. It is a major symbol of financial capi

United States V. Jerrold Electronics Corp. United States v. Jerrold Electronics Corp. Jerrold Electronics Corporation made and sold “television boosters to improve television reception in fringe areas by amplifying the weak signals available there.” In 1948 the company expanded its outfit to master antenna systems and this gave Jerrold the ability for one antenna to serve a much larg

Topic: What Contribution Did Adam Smith And John M. Keynes Make To The Study Of Economics' Topic: What contribution did Adam Smith and John M. Keynes make to the study of economics' Adam Smith was the founder of economics, as we know it today. His thoughts have shaped modern ideas about the market economy and the role of the state in relation to it. Smith laid the intellectual frame

Trade (Global Inequality) Trade and global inequality The issues To what extent were the observed changes in inter-country and international inequality linked to the changing patterns of world trade ' Clearly, trade could have affected these inequalities only through its effect on economic growth in individual countries. A central issue, therefore, concerns the possible effect of trade

Value And Price Value and Prices Marx defines value, as the socially necessary labor needed to produce a commodity. To understand what value is we must first understand what socially necessary labor and a commodity are, furthermore how they interact to give us a true value of a given commodity. A commodity that by which “a man must not only produce an article satisfying some social

Value Of Manufactured Output – US$/person/year Value of Manufactured Output – US$/person/year Since the beginning of this century the quantitative approach to the study of economic growth and development got an important stimulus from the increased availability of official statistics on income, output and expenditure. The creation of national accounts on a consistent basis for many co

U.S. Vs Asian School System Andre’ Umansky Two Systems into One In the past twenty years the United States school system has been accumulating quite a bit of criticism. Evidence shows that the United States has been lagging exponentially compared to almost all the industrialized countries. This specifically refers to Asian countries that are statistically blowing the U.S. out of t