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you reconcile the introduction of environmental-based tax rate differentiation
as well as new environmental taxes with the traditional objectives of fiscal
reform: tax simplification, fiscal neutrality (not affecting behavior)? A1. This
has to be done very carefully, as introducing new taxes that are related to the
environment, can dramatically affect people’s behavior. If you levy new taxes
on ve... Full-text essay
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The term ethical and economics should never be put into the same sentence. They
are almost oxymoronic in the sense that in order for one to succeed on an
economic level, ethics are usually never involved. America as we have come to
know it is a world full of mice and snakes. The mice are those in society who
voluntarily choose to live off of the prosperous, as the snakes go out and get
their prey.... Full-text essay
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To most people in the United States hearing the word Euro brings about blank
stares. Ask this same question in England or another European country and it
means bringing Europe together under one common currency. The Euro can be
defined as the common monetary system by which the participating members of the
European Community will trade. Eleven countries Germany, France, Spain,
Portugal, Ireland, A... Full-text essay
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managed exchange rate system deals with trade rate between countries. Managed
rates assume that one country sets the monetary policy, takes the exchange rate
that is given, and assumes the other country will go along with that rate. The
other country then tries to reduce inflation by setting their own exchange rate.
The managed exchange rate system slows down exchange-rate movement through the
fo... Full-text essay
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The complexion of farming is changing radically. The land cannot support as many
farm families as it did in an earlier time. Small farms are being consolidated
into larger ones. General farms, with several kinds of crops and a barnyard of
farm animals, are yielding to specialty farms that concentrate on a single major
crop. Family farms are declining; corporate farms are increasing. Efficiency is
... Full-text essay
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Why do a report on the Federal Reserve System? This is a question I went over in
my head while making a decision on the type of report to do, and what I wanted
to learn more about and why. Over the past few years I have realized the impact
that the Federal Government has on our economy, yet I never knew enough about
the subject to understand why. While taking this Economics course it has brought
s... Full-text essay
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The article on the Flat Tax system was actually one that I could relate to in
terms of personal taxes. I have heard of this ‘new’ system over the last
five or six years, but I still have yet to see any type of action for
implementation with this system. Before becoming ‘enlightened’ about the new
system through this article, I believed that the Flat Tax needed to be adopted
by our government and a... Full-text essay
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The advances of the technological revolution have molded the evolution of the
United States’ foreign trade in the 1990’s and into the new millennium.
Globalization has become the credo for the Clinton administration, and the
booming American economy has done nothing but strongly bolster this approach.
Globalization’s foothold in American policy really began in the much-debated
North American Free ... Full-text essay
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von Mises: Defender of the Free Market
Ludwig von Misis thoughts on human behavior, socialism, and money and credit
have had a major impact on economic thought. He championed true free markets and
is seen as a defender of liberty. Former President of the United States Ronald
Reagan said “Ludwig von Mises was one of the greatest economic thinkers in the
history of Western Civilization. Through hi... Full-text essay
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People often think that future is all about flying cars, robots and space
travelling. Maybe it will be like that, who knows, but at least until this day
the changes haven’t been remarkable. Companies are all the time investing more
money on research and development. This indicates that companies and government
are interested to achieve and find new technological inventions that would
change the ma... Full-text essay
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Many economists agree that there is a significant imbalance between the growth
of global economy and the development of a free society. One of these economists
who agrees with this point is George Soros. Soros bases his dilemma mainly on
the Thai crisis that hastened the currency meltdown in Asia. Also the Russian
collapse inflicted temporary chaos on the Western financial system, and most
recentl... Full-text essay
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Federal Republic of Germany’s economy has now flourished despite its harsh
times that have been faced throughout the decades. Most people know about
Germany from its historic involvement in World War II; its successful campaign
to unite East and West with the successful collapse of the Berlin Wall; and its
world class development and production of automobiles. Unfortunately, what most
people don’t... Full-text essay
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As many Federal departments and agencies lurch into an era of running without
funds, the leaders of both parties of Congress are spending less and less time
searching for a compromise to balance the budget, and more and more time
deciding how to use it to their advantage on the campaign trail. Meanwhile money
is easily borrowed to pay for government overhead. In an attempt to change this,
on June ... Full-text essay
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The Great Depression was the worst economic slump ever in U.S. history, and one
that spread to virtually the entire industrialized world. The depression began
in late 1929 and lasted for about a decade. Many factors played a role in
bringing about the depression; however, the main cause for the Great Depression
was the combination of the greatly unequal distribution of wealth throughout the
1920's... Full-text essay
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Many times throughout history the United States has undergone economic
depression. The most recognized period of economic depression is called the
Great Depression. The Great Depression is well known because of the seriousness
of the stock market crash. The results of the crash were more serious than any
other crash throughout American History. The Great Depression caused a change in
the nature of... Full-text essay
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The Harrod-Domar Model is the simplest and best-known production function used
in the analysis of economic development. This model explains the relationship
between the growth and unemployment in advanced capitalist societies. However,
the Harrod-Domar Model is used in developing nations as an easy way of looking
at the relationships between growth and capital requirements. This model does
explain... Full-text essay
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Friedirch August von Hayek was born in Vienna on May 8, 1899 and died on March
23, 1992, in the city of Freiburg in Breisgan in Germany. Hayek was a central
figure in 20th-century economics and he represented the Austrian tradition.
After Hayek served military service, he became a student at the University of
Vienna where he got his doctorate in law and political science. In 1923-4, Hayek
visited ... Full-text essay
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Korea was one of the poorest countries in world after experiencing two wars.
World War II and Korean war (1950 ~ 1953). The country even experienced a food
shortage so that it had to heavily rely on the foreign aid. Yearly per capita
consumption was a mere $88 as late as 1965. However, since 1965, Korea has been
transformed from its underdeveloped agricultural economy to a leading Newly
Industrial... Full-text essay
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one can see there are many striking parallels between the Gilded Age or the era
from the eighteen eighties to the eighteen nineties compared to the Silicon Age
of the nineteen eighties to the nineteen nineties. The preconditions for these
two massive economic booms share similar birth paths laid in laissez faire
policy, no regulation or deregulation and innovative booms. Before the 1880's
there wa... Full-text essay
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Population changes continuously over the past in the Canada. There is two type
of changing in population. One of them is the natural increase since the New
France is become the colony in 1665. The other type is immigration from or
emigration to other countries. People immigrate to Canada because there is an
advantaged condition than their own country to induce them. Canada has fertility
natural re... Full-text essay
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In Search of Excellence is a book dealing with many different principles of
economics and what makes big business' excellent. The first idea that Peters
discusses is his chart of the McKinsey 7-S Framework. The graph is very simple
but the ideas are fairly complex. In their research, they found that their
philosophies were too hard to explain and easily forgettable. They made this
Framework to dea... Full-text essay
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Income inequality in the United States remained relatively stable for a period
of nearly forty years. Beginning in the 1970’s, however, this period of
stability ended, as the first signs of widening income inequality became
apparent. Over the course of the 1970’s and 1980’s, an increasingly clear
trend toward greater income inequality emerged. By the end of the 1980’s, the
top 20 percent of worker... Full-text essay
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India is located in the southern part of Asia and is also south of the Himalayan
Mountains. This southern peninsula has the largest mineral deposits and the
largest cultivable land in the continent. The population of India is critically
large and although nearly all people are Hindu, some are of other religious
denominations. The life of the Indian people is usually ruled by their caste
system, bu... Full-text essay
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One of the most significant personality changes that has occurred in the world
took place during the 1700’s to the early 1800’s; the Industrial Revolution.
It is described as a time of drastic change from hand made items to machine made
goods. This meant basically that people had to learn how to manufacture goods in
enormous factories instead of cultivating them from the land. The Industrial
Revol... Full-text essay
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Today it is almost impossible to pick up a financial journal without seeing news
on the bull market that some consider to be overvalued. Overvalued or fairly
valued, only the future will show the truth. Either way, this market is one that
has shown greater run ups and returns, than any other market in history.
(Reference Appendix #1a) Recently the Dow Jones Industrial Average has reached
historica... Full-text essay
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"A corporation is a business that, although owned by one or more investors,
legally has the rights and duties of an individual. Corporations have the right
to buy, sell, and own property. Corporations may make legal contracts, hire and
fire workers, set prices, and be sued, fined, and taxed. A business must obtain
a charter of incorporation from a state legislature or Congress to be legally
r... Full-text essay
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international financial system has been radically altered since the worldwide
depression of the late 1920’s and early 1930’s. This change is due in large
part to the inception of the International Monetary Fund (IMF) and its
subsequent control over the international financial system. In this paper I will
examine the extensive role of the Bretton Woods system of exchange rates and the
gold standard... Full-text essay
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America is increasingly connected to the rest of the world as a global economy
becomes more important. We participate in the international marketplace both as
providers of goods and as consumers. How we buy and sell affects us both in
terms of what goods we can choose from, but also what jobs are available, and
what kinds of industries will come to dominate our economy. One of the most
important c... Full-text essay
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The International Monetary Fund is an important function that makes world trade
less strenuous. The International Monetary Fund, or IMF as it is called,
provides support and supervision to nations in all stages of economic progress.
International trade is a key element to enable nations, large and small, to
strengthen their economic positions. Larger nations need the international
market to export... Full-text essay
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The internet, the world wide data connection that has caught on like a wild fire
sweeping through a parched California forest, has wide ranging implications on
our world economy. Locally, we have witnessed staggering swings of fortune in
more “dot-com” firms than any other form of business in American history.
The old adage of that “American Dream” - starting a business in the garage
to see it one... Full-text essay
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Israel is located in the Middle East, along the eastern coastline of the
Mediterranean Sea, bordered by Lebanon, Syria, Jordan and Egypt. It lies at the
junction of three continents: Europe, Asia, and Africa. Long and narrow in shape
the country is only 290 miles in length and 85 miles in width at its widest
point. Israel is a country of immigrants. Since its creation in 1948, the
population has i... Full-text essay
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Israel’s economy stands on natural resources. Copper and salt can be found
there. Also, natural chemicals like potash and phosphates come from the Dead Sea
area. Israel is one of the top producers rubber, plastics and chemicals. Also,
clay and sand come naturally to Israel. Scientists have proven that Israel can
grow fruits and vegetables in its hot and dry deserts. That gives them a bigger
amount... Full-text essay
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There are many changes that occurred in the industrial organization of
interexchange telecommunication services in the United States during the
1985-1995 period. Let’s look at the general idea of Telecommunications. It is
the two-way exchange of info in the form of voice or data messages between tow
users at distinct geographic locations” (5, 7). The two-way exchange is now a
numerous way exchange... Full-text essay
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Japan is one of the world's leading economic powers when concentrating on its
Gross Domestic Product of four point two trillion United States dollars. Its
economy is only second to the United States in terms of production. However,
Japan has not always contained a relatively strong economy. The Japanese's
economic strategies have boosted economy to new heights since its fall during
the second worl... Full-text essay
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Human relationships have always been dynamic. Change and adaptability have gone
hand in hand with the passage of time for human society. Systems have been
developed to regulate, direct and control the resources of this society. The
systems are referred to as governments and the resources as the populace or
inhabitants and forces of production. A government must be dynamic in its nature
reflecting ... Full-text essay
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Two controversial economic policies are Keynesian economics and Supply Side
economics. They represent opposite sides of the economic policy spectrum and
were introduced at opposite ends of the 20th century, yet still are the most
famous for their effects on the economy of the United States when they were
used. The founder of Keynesian economic theory was John Maynard Keynes. He made
many great acc... Full-text essay
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In light of the limits that have been placed on this answer I will only focus my
comments on the demand for labor and on the other hand the supply of labor.
First the demand for labor. This is to me by far the most interesting aspect of
the course. Labor demand is derived from the firms desire to maximize profits.
This is a basic assumption of labor demand. Will the firms continually try to
make c... Full-text essay
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What do you think of when you hear the phrase "labor unions?" Most
people associate a negative connotation with labor unions. They think that labor
unions are the only cause of strikes and work stoppages. Most think that people
in unions are greedy and will do anything to get more money. Others swear by
their unions, saying that their employers would take advantage of them if they
didn’t... Full-text essay
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labor union is as defined in the dictionary, an organization of wage earners
formed for the purpose of serving the members' interests with respect to wages
and working conditions. Today there are about 16 million workers in the U.S.
that belong to a labor union. The pressure upon the employers to raise wages and
improve working conditions in a major goal of the labor unions. Labor unions
have bee... Full-text essay
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Concept of the Invisible Hand in a Laissez-faire economy
“By preferring the support of domestic to that of foreign industry, he intends
only his own security; and by directing that industry in such a manner as its
produce may be of the greatest value, he intends only his own gain, and he is in
this, as in many other cases, led by an invisible hand to promote an end which
was no part of it.” ... Full-text essay
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The Law of diminishing returns is a key one in economics. It is used to explain
many of the ways the economy works and changes. It is a relatively simple idea;
spending and investing more and more in a product where one of the factors of
production remains the same means the enterprise will eventually run out of
steam. The returns will begin to diminish in the long run. If more fertilizer
and bett... Full-text essay
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The Law of diminishing returns is a key one in economics. It is used to explain
many of the ways the economy works and changes. It is a relatively simple idea;
spending and investing more and more in a product where one of the factors of
production remains the same means the enterprise will eventually run out of
steam. The returns will begin to diminish in the long run. If more fertilizer
and bett... Full-text essay
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According to Nathan F. Iannone, leadership can be defined as the art of
influencing, directing, guiding, and controlling others in such a way as to
obtain their willing obedience, confidence, respect and loyal cooperation in
accomplishment of an objective. Leaders are not born…sure there are some
gifts-traits-attributes, natural endowments that affect relative abilities…but
they are not born, they... Full-text essay
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This report introduces a procedure that can be used to analyze the quantifiable
aspects of commercial credit requests. The procedure incorporates a systematic
interpretation of basic financial data and focuses on issues that typically
arise when determining creditworthiness. Cash flow information is equally
important when evaluating a firm’s prospects. Reported earnings and EPS can be
manipulated ... Full-text essay
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Classical macroeconomics is the theory and the classical model of the economists
Adam Smith, David Ricardo, John Mills and Jean Baptiste Say. Below the
assumptions of the classical macroeconomics are described. 1. Assumptions:
Competitive markets: Classical theories all make many assumptions about
the markets and their competitiveness.these assumptions are that all the markets
are easy to... Full-text essay
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those who live in the United States are accustomed to private property. Everyday
situation sometimes lead to what life would be like without it. One can see what
the effects are to living in a private society and realize how efficiency and
justice are raised to an overall level. This takes place within an apartment
building in Washington DC, however many apartments throughout the United States
wo... Full-text essay
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What role does maquiladora play in the development of a country? Why is this
phenomenon seen as a new phase in capitalist development? Is this a reasonable
claim? The role that the maquila plays in the development of a country is an
interesting topic to discuss. To understand the role that maquiladoras play, one
must first gain an understanding of the original purpose of the maquila. Then,
by stud... Full-text essay
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Introduction to Marxist theory on history Historical Materialism: the marxist
view of history The history of all hitherto existing society is the history of
class struggles. Freeman and slave, patrician and plebeian, lord and serf,
guild-master and journeyman, in a word, oppressor and oppressed stood in
constant opposition to each other, carried on an uninterrupted, now hidden, now
open fight, a f... Full-text essay
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Describe at least 5 American Marketing Techniques, utilized by Russians that you
believe enhanced the productivity of the enterprise . 1. McDonalds in Russia was
a joint Canadian-Russian venture, in which the appointed president was a Russian
person. It was done first of all because Russian businessmen know all the
specific aspects of doing business in Russia, and second of all in order to show
th... Full-text essay
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The U.S. government have denied that Medicare has been going bankrupt. Although
the government may say that Medicare has plenty of money it is untrue because it
is a fact that Medicare will go bankrupt by the year 2001 as stated by
preliminary sources. Medicare is one of the main sources of funding for those
people that have no money or very small amount of money. The community service
that was do... Full-text essay
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