Global Warming And Its Effect On The Environment - 1635 Words

Over the last century, global warming has been taking a toll on the environment due to the amount of fossil fuels being burned to produce utilities to keep cities running. But within the last decade company owners as well as normal people have been trying to make a difference by trying to conserve as much power as possible where and when they can. When these changes are made, the chain effect slows down meaning, less burning fossil fuels to maintain a city, and more looking for ways to live environmentally friendly. A lot of people are unaware of the benefits that come with solar panels. I personally feel like solar energy should be implemented in daily living. This is unlimited energy, free of charge. It interests me knowing how the sun†¦show more content†¦Solar panels use specific materials which take this heat and turn the thermal energy into electricity. This is called solar power. These solar panels are mounted on higher structures like roofs and buildings, but can also be placed on an open field. There is no specific place to install one, as long as it can receive direct sunlight. Solar panels can be used to heat and cool homes and buildings, reduce monthly utilities costs, power all appliances in the house all while producing no waste due to the renewable energy. Being able to produce electricity at a lower cost than fossil fuels, all while using energy from an unlimited source that is renewable with no need to find waste facilities to dump the remains in is what make solar pane ls great. What’s the Problem with Burning Fossil Fuels? Hydrocarbons, which are formed from the remains of dead animals and plants, such as natural gas, coal and oil are known as fossil fuels. These natural resources were created millions of years ago during the Carboniferous Period (Glossary: #2). During this time, the earth was covered in swamps, algae, plants and vegetation but over time the plants and vegetation died sinking to the bottom of the swamps. This created a squishy material called peat. Following was sand and clay which covered over these swamps with what is known today as sedimentary rock. As the peat continued to sink and the sedimentary rock continue to pile up, the water was forced out of the peat and over time

Microeconomics Define Any 10 Terms - 2481 Words

I.) Definitions: define any 10 terms. Give examples where pertinent. 1) Macro Economics: Macroeconomics is a branch of economics, which deals with general economic factors including the national productivity and interest rates. It entails the study of behavior and aggregate economy and examines the wider phenomena of the economy. Examples of these changes include variations in the national income, inflation, unemployment rates, gross domestic rates, and price levels. 2) Model/ Theory: A business model/theory refers to a plan with which to attain successful operations through the identification of the appropriate sources of revenue, finding the intended clientele, and engaging in appropriate systems of product development as well as detailed financing. Essentially, a model is a plan that is implemented by a business entity with intentions to generate revenue and make the required profits from its operations. Among the mostly used business models are the franchise model, the low-cost model, the direct sales model, the auction model, the add-on model, and the advertising model. 3) Real capital: Real capital is a type of business capital that is in form of assets such as equipment and machinery. With the financial capital that appearing in form of shareholder’s equity or liabilities, the real capital does appear on the side of the balance sheet, which contains the assets of the company or business, and is used in the production of products. Some of the major examples ofShow MoreRelatedEconomic Model Of Supply And Demand788 Words   |  4 PagesECNM 612 MACRO ECONOMICS MIDTERM I. DEFINITIONS. Define any 10 terms. Give examples where pertinent. Macro Economics Opportunity cost Model / Theory Micro Economics Real capital Fiscal Deficit GDP Debt Net exports Consumer Price Index Producer Price Index Consumption spending Investment Inflation Production Possibility Curve II. ESSAY QUESTIONS. Answer any TWO questions. Answer all parts of each question that you choose. 1. Read MoreThe Issue Of Public Goods1082 Words   |  5 PagesPublic goods: Public good which are been consumed by an individual does not reduce the amounts available for another person to consume. For example flood control system, national defines services and water suppliers. That is something non rival and non-excludable. Non-rival means if one person consume the good it can be still available for other person to consumer for instance radio station if Mr. Shah is listening to radio station at same time other person can also listen to it. 1) Judicial systemRead MoreHow A Cartel Is A Competitive Market1719 Words   |  7 Pagespower, a cartel acts as a counter-veil to an imperfectly competitive market where fewer sellers have the ability to base their products on decision making and supply and demand. Since a cartel acts as an imperfectly competitive market, it is best to define it as having a direct relationship with an oligopoly industry. In Oligopoly markets, few numbers of sellers are joined together to form a market or an industry. Usually consisting of 2 or 20 firms, their main goal is to sell and produce differentiatedRead MoreSupply and Demand and Study Guide20292 Words   |  82 PagesECO11 (ver8) MICROECONOMICS 1 STUDY GUIDE ECO11 MICROECONOMICS 1 STUDY GUIDE  © University of South Australia 2009 This work was printed from camera-ready copy submitted by the Unit Coordinator. The Flexible Learning Centre of the University of South Australia was not involved in its production. CONTENTS Contents 3 Introduction 5 An introduction to the economic perspective 13 Demand and supply 17 ElasticityRead MoreThe Principles Of Macroeconomics : Greek Depression Essay1320 Words   |  6 PagesMacroeconomics: Greek Depression Unlike microeconomics, macroeconomics concerns the economy as a whole. It evaluates those key issues like: inflation, GDP and employment rates. It deals with the structure and behaviour of the economy as a whole. Rather than considering the markets as individuals, people in the macroeconomic field develops models to analyse the correlation between consumption, output, inflation, and other international related indicators. In terms to apply macroeconomic theories to theRead MoreMicroeconomics/Macroeconomics Chapter 1 Questions and Answers5717 Words   |  23 Pagesor process, the skill needed to organize production, and the willingness to take the risk of profit or loss. Payments for resources: Labor–wage; capital–interest; natural resources–rent; entrepreneurial ability–profit. Use PowerPoint slides 10-12 for the following section Goods and Services: Resources are combined to produce goods and services. †¢ A good is something we can see, feel, and touch (i.e., corn). It requires scarce resources to produce and is used to satisfy human wants. †¢Read MoreMicroeconomic Analysis Questionnaire2929 Words   |  12 Pagesï » ¿BEO2264 MICROECONOMIC ANALYSIS TUTORIAL QUESTIONS TOPIC 1 Question 1 (a) Discuss how microeconomic theory can help to explain the effects of lowering the minimum wage for teenage employees in the retail industry (b) How is the usefulness of a theory evaluated (c) â€Å"Observation without theory and theory without observation are equally useless in explaining the complexities of the real world†. Discuss. Question 2 (a) Distinguish between positive analysis and normative analysisRead MoreEco365 Week1 Essay2640 Words   |  11 Pages| Syllabus School of Business ECO/365 Version 4 Principles of Microeconomics | Copyright  © 2011, 2008, 2007, 2006 by University of Phoenix. All rights reserved. Course Description This course provides students with the basic theories, concepts, terminology, and uses of microeconomics. Students learn practical applications for microeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic events. Policies FacultyRead MoreIntroduction to Macroeconomics4023 Words   |  17 Pagesbranches of economics. The best way to understand what macroeconomics is about is perhaps to contrast it with microeconomics, another main branch of economics. Microeconomics studies parts of the economy. Macroeconomics looks at the whole. In other words, macroeconomics tries to understand what happens in the economy in general, it takes an overview of the economy, whereas microeconomics explains what happens in different parts of the economy separately, taking one at a time. By â€Å"parts of theRead MoreFactors Affecting The Construction Industry Essay1711 Words   |  7 Pagesare limited (Gregory-Mankiw, 2008), however, wants and desires within the industry are infinite (Myers, 2013). Kishtainy notes that this creates two problems; at any given time, there will be a fixed number of resource, against numerous wants. Sloman 2003 adds that in an effort to rectify this, he argues that we must make choices, in terms of choices within the construction industry Myers suggested that firms need to considered their investments made, how they construct and for whom they construct

Economics - 1000 Words

Assume a consumption function that takes on the following algebraic form: C = $100 + .8Y. Assume that Y = $1000 what is the level of consumption at this income level. C = $100 + .8($1000) = $100 + $800 = $900. 1. Using the above figure calculate the marginal propensity to consume between the aggregate income levels of $80 and $100. Also explain why this consumption function is linear. The marginal propensity to consume is equal to $15/$20 = .75. The consumption function is linear because the marginal propensity to consume is constant and therefore the slope is the same throughout all income levels. 2. Assume consumption is represented by the following: C = 400 + .75Y. Also assume that planned†¦show more content†¦Therefore, if people have more money then they are likely to purchase more goods - potentially ones from our country, thus exports will rise and the value of net exports will increase. If disposable income abroad is low then exports will fall and the value of net exports will fall. †¢ Disposable income at home. This refers to how much money people at home have available to spend on luxuries. The more money people have at home, the likelier they are to spend - which can result in a rise in imports. Rising imports will have a negative effect on net exports on the overall aggregate demand. Vice versa. †¢ Exchange rates. These play a large part in the value of net exports. A fall in a countries exchange rate will reduce the price of exports and raise the price of imports, thus exports should rise and imports fall - resulting in an increase in net exports. A rise in a countries exchange rate will raise the price of exports and make imports cheaper, therefore making exports fall and imports rise. The overall effect will be a fall in net exports. 8. Explain the accelerator theory. The accelerator effect is when an increase in national income results in a proportionately larger rise in investment Consider an industry where demand is rising at a strong pace. states that if there is a small change in the production output of consumer change, there will be a much greater change in the productionShow MoreRelatedEconomics And Economics On Economics Essay1142 Words   |  5 PagesWhen we talk about economics we must first defined the word. Economics is a social science that studies human behavior and how to allocate our limited (scares) resources, efficiently and effectively to meet our unlimited human wants. Now as we dive deeper in to the field of economics we realized that there are two separate categories that the study of economics breaks off into. The first is macroeconomics, macroeconomics is the study of the whole picture when it comes to economics. Macroeconomics willRead MoreEconomics : Economics And Micro Economics1238 Words   |  5 Pages Economics is the study of how our unlimited demand of certain things can be met by our limited amount of supply. For inst ance, if there was an unlimited amount of money for everyone, then everyone would have everything they had always wanted and would not have to work to get the money. Everyone would have billion dollar homes and the nicest cars in the world. Unfortunately, we do have a limited amount of money, so the economists find ways to get around that. There are two types of economicsRead MoreEconomics : Economics Of Business1361 Words   |  6 PagesHND Accounting Economics FINAL REPORT: The Economics of Business DUE DATE: 20 May 2015 Catherine Macintosh 11006620 For the attention of Sarah Sutherland Word count: 1,243 (Excluding Acknowledgements, Abstract/Executive Summary, Terms of Reference, References Appendices TABLE OF CONTENTS Page 1.0 Costs 3 1.1 Total costs 3 1.2 Average costs Read MoreEconomics1291 Words   |  6 Pageshis profit. Do you agree? Use a graph to illustrate your answer. The argument is incorrect. As the graph shows, a reduction in marginal cost will cause a monopolist to reduce his price. 2. Economist Harvey Leibenstein argued that the loss of economic efficiency in industries that are not perfectly competitive has been understated. He argued that when competition is weak, firms are under less pressure to adopt the best techniques or to hold down their costs. He referred to this effect as x-inefficiencyRead MoreEconomics1444 Words   |  6 Pagesresource is inefficient it means the resources are not used in the best distribution by firms or organizations. An ETS is executed when the environment has been polluted and the government intervenes in order to control the pollution by providing economic encouragements towards the firms and organizations to reduce the amount of pollution emitted in the environment (Brown* 2001). When ETS is implemented it reduces the pollution of the environment caused by different firms thus making it its main goalRead MoreEconomics1654 Words   |  7 Pagesï » ¿1. What is the ‘economic problem’? The fundamental economic problem is related to the issue of scarcity. Scarcity means that resources are limited and short in supply in the world (e.g. diamond). Because of limited resources and unlimited demands, society needs to decide how much to produce and distribute these relatively scarce resources. The basic economic problem can be define as what to produce, how much to produce and for whom to produce. Some countries are lucky to have great naturalRead MoreEconomics999 Words   |  4 PagesManagerial Economics MIDTERM Exam What changes can you envision to the real economy, should Rifkin’s vision of a zero marginal cost society, become reality? For me, Jeremy Rifkin is a great social theorist. I’m mostly agreeing with him, with his conclusions and visions of the future economy. They looks like perfect and definitely it’s a â€Å"think big† way of delivering the information. His book â€Å"The Zero Marginal Cost Society† is must read, of course. Trigger is a zero marginal cost. I’m completelyRead MoreEconomic Growth And Economic Development917 Words   |  4 PagesEconomic growth refers to an increase in the capacity for an economy to produce goods and services as compared from one period of time to another. It can be measured either in nominal terms which include inflation, or in real terms that are adjusted for inflation. It is mainly influenced by unemployment, inflation, technology levels, rate of investment, population growth rate, among other factors. These factors are used further to explain the differences in the varying level of output per capitaRead MoreEconomic Indicators : A Economic Indicator1337 Words   |  6 PagesIntroduction Economic Indicators are pieces of data that is usually of the macroeconomic scale that is used by investors to calculate current and future investment opportunities. They also help them decide the health of an economy. An economic indicator can be anything the investor chooses, but certain kinds of data that is released by the government and non-profit organizations are widely followed (Investopedia, 2015). Economic Indicators An economic indicator can have one of the three typesRead MoreEconomics1134 Words   |  5 PagesMF 7701 Managerial Economics Quiz #1 Fall 2014 Instructions: 1. You may work on this quiz alone or with as many other students as you wish. If you work with other students, please submit only one (common) answer. 2. You may not talk about this exam with anyone outside of the two managerial economics sections. 3. You may work with people from the other section if they are taking this course. In all cases, please submit only one, common answer. 4. You must e-mail your final

Chuck Berry free essay sample

One song that personifies the raucous, feel good party vibe of the fifties would be Chuck Berrys School Days which was released In 1957. He truly made a hit with rebellious teenagers with a song about the occurrences of a school day and all of the trials and tribulations that go along with it. Chuck was also known as one of the most influential blues guitarists of his time. In this particular Chuck Berry song there are 4 different instruments present; guitar, bass, drums, and piano. The drums and bass come together to form a solid withy section with an apparent shuffle rhythm.The drummer may be adding some syncopation to the rhythm because it sounds as if the he may be playing triplets on the high hat. The piano Is also adding to the rhythm section but at times throws in some licks. The guitar Is doing several things throughout to the song. We will write a custom essay sample on Chuck Berry or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Berry uses a call and response technique. While he sings, there Is no guitar present, but then answers with riffs and licks full of pitch bending staying Inside the pentatonic scale, adding some blue notes here and there. During the guitar solo the Plano becomes little busier and Is throwing in some licks to accompany Berrys playing.As far as timekeeping, this song stays within its 4/4 time and is 12 bar blues. This is a twelve-measure idea that starts on the chord based around the first scale degree, or the tonic. It then switches to the IV chord in the fifth measure for two bars then goes back to l. It then switches to the dominant chord (V) then back to V, and then finally resolves to the I chord for the final two measures. One obvious change is the stop time that happens every 12 bars, well technically 11. Berry uses up one bar with he beginning of his verse and the music comes in on the 2nd bar.There are also some short stop time patterns present in the last 20 seconds of the song to accentuate Berrys vocals. The melody Is carried by the vocals and in the answering parts the guitar plays, sometimes almost Identical to each other. Worker your fingers right down to the bone. This line expresses the attitude this song is trying to get across. No one wants to be working hard in schoolteacher want to be partying, and dancing Soon as three oclock rolls around Ahoy finally lay your burden down. School is a burden and everyone wants to get out and start having fun.Similar to many asss party songs, the man is working against us and we need to Just drop our books, drop a coin in the Jukebox, dance and make out all night long. The song is strictly in 12 bar blues with a repeating verse. It does not change throughout the song. Other than some slight varying riffs here and there, there is really nothing that would change the verses to anything but a. Intro Verse Verse 12 Solo Verse Verse Verse Outrà © 1 Interlude a what style it is and also several of the techniques it employs to achieve this style.One of the things that Chuck Berry uses is pitch bending, specifically when it comes to the guitar. This is something that several other performers were using at the time, but Chuck Berry was extremely revolutionary when it came to the electric guitar. He used his unique guitar techniques to achieve the riffs that resembled a call and response with the vocals. Another thing that was influenced much by African music is the use of riffs, which is a melodic idea that is repeated over and over. The piano part, which although is not always melodic, is playing a repeated idea from chord to chord, as is he bass.The vocals were more rough than clean. Even though rougher lyrics, as these, were becoming more commonplace in this time period, it was still a new style that took time for people to get used to hearing. This is a great example of early rock and roll, which was obviously was influenced by many other styles. There is some hocus blues present with the lyrical ideas and is also influenced by gospel music with the call and response and pitch bending techniques. There are also similarities to other R styles from the asss and asss.