Surplus Essays Samples That Help You Write Better, Faster & with Gusto

Question 1

Percentage increases in price = 2015 price-2014 price2014 price × 100%
Percentage increase in the price of food = 6-44 × 100%
= 50%
Percentage increase in the price of clothing = 20-1010 × 100%
= 100%

Percentage increase in CPI

Market basket cost for 2014 = (4 × 50) + (10 × 10) = $300
CPI for 2014 = 300300 × 100% = 100
Market basket cost for 2015 = (6 × 50) + (20 × 10) = $500
CPI for 2015 = 500300 × 100% = 166.67
% increase in CPI = CPI for 2015-CPI for 2014CPI for 2014 × 100%
= 166.67-100100 × 100%
= 66.67%

Question 2: Problems of using CPI as a measure of cost of living

Substitution bias: Consumers usually substitute commodities whose price increase with those whose prices remain unchanged or decrease. CPI does not consider substitution effects. It, Continue reading...

Introduction

Matewan is a 1987 American drama film directed by John Sayles. This film dramatizes a series of events that took place in a small town called Matewan which is in West Virginia back in the 1920’s whereby coal miner’s engaged in series of strikes and clashed with their employers. There are a lot philosophical concepts there is a lot that can be derived from the events taking place in this film.

Question 1

Black, white and Italian miners join hands in trying to fight the oppressive dictatorship of the coal companies. However, in the beginning, these different groups of Continue reading...

Collaborative Learning Community: GE's Talent Machine Paper

Ways in which GE has been able to create a surplus for top management succession candidates.
The growth of GE Company from zero to one of the titans in the market is due to its strategies and policies in the distribution and formed contemporary management system. General electrical field is a unique market that needs active strategies for a company to maintain its competitive edge and substance. Production of surplus efficient managers in GE Company is a daily routine unlike other businesses in the same electrical field. Production of surplus managers has been beneficial to both GE and related Continue reading...

International trade involves commercial business between countries. It involves exchange of goods, services and capital across international borders. Countries trade with each other because individual countries cannot produce everything they need to use locally or consume everything that they produce. However, trade is not always straightforward. Countries have to choose when protect their domestic industries and when to allow free trade. Free trade is the situation whereby the government allows trade to proceed without any hindrance in restrictive quotas or tariffs. Protectionism, on the other hand, is whereby the government provides incentives for local producers to hinder entry of Continue reading...

Mexico’s Healthy Policy

Introduction
Modern development especially in trade has led to the explosion environmental problems. As a result, there have been healthy issues related to the expansion of markets. Citizens need skills on how to handle environmental issues. Equally, Mexican, US, and Canadian government signed a trilateral agreement which has contributed towards the coming of environmental issues. Since the development and implementation of NAFTA, 1994; Mexico has experienced economic and environmental changes due to the expansion of markets. However, from 1995, economists and analysts have developed a critical eye towards this trade policy. Some say that NAFTA has a negative impact Continue reading...

This exercise pertains to the concept of consumption in economics. And it defines how the quantity of consumption varies with a certain change in demand and in prices. The exercise makes the student to understand the idea that how a certain reduction in the price would lead to an equal increase in the consumption of the consumer. Similarly, it also states the indirect relation of demand with consumption. I have included this exercise in my portfolio, because it has given me a different view to understand the importance of consumers, firms and government in our economic system.
As mentioned Continue reading...

Introduction

The tax impact on the economy is carried out by conducting fiscal policy. Fiscal (fiscal) policy is the government's measures to change government spending, taxation and state budget aimed at ensuring full employment, balance of payments, economic growth in the production of non-inflationary GDP (GNP). The main instruments for the implementation of fiscal policy are fiscal and budgetary controls. For tax regulators are installed types of taxes and fees, their structure, objects of taxation, payments subjects, sources of taxes, rates, incentives, sanctions, terms of collection, methods of making, and others. The budget controllers are the level of centralization of Continue reading...

Equilibrium is that state when forces of demand meet that of supply, thus creating the desired and efficient effect of price-mechanism. The state of equilibrium is highly beneficial for the society as it at this point that both, consumer surplus and producer surplus is maximized and the society achieves efficient allocation of resources. For Instance, in the diagram below, Point E is the equilibrium point as this is the point where forces of demand meet supply. Point P is the equilibrium price, i.e. price level which provides maximum surplus to the consumer and the producer and no one if Continue reading...

Understanding international political relationships can be quite difficult to understand especially for the public given the various factors that may be involved in the process. Issues such as political or economic agenda, costs and benefits for both parties and the future implications of such alliance often causes confusion in understanding such relationships. Several studies have already tried to determine as to why states are pushed to various political relationships. One of these studies is the Marxist approach, highlighting that international political relationships are determined by the underlying global capitalist economy. However, with the availability of other studies pointing out Continue reading...

Demand

Demand of a commodity is the quantity that consumers are willing and able to purchase at a given price at a certain point in time holding all other variables constant (Marshall, 2013). Increase in price leads to decrease in demand and decrease in price leads to increase in demand. For example, when the price of gas goes up, consumers of gas may decide to shift to other forms of energy or use other means of transport. A change in price leads to movement along the demand curve while a change in other factors like income, close substitutes, price of Continue reading...

Welfare Economics is an economic study or thought, which focuses on the distribution of goods and resources. A general equilibrium of desirability and efficiency should be achieved while allocating. It is very subjective study because it is hard to achieve such equilibrium.
Willingness to Pay is the highest limit of money amount an individual or group would pay for goods or services. Willingness to Pay depends on branding and personal evaluation of a product.
Consumer surplus describes a difference between willingness to pay and the actual payment a consumer pays for the good. It is a monetary gain and Continue reading...

Almost every sector of the economy is affected by changes in oil prices. This paper discusses the impact of reduction in oil prices caused by increase in supply. The paper also suggests policy recommendations that can help regulate prices so as to achieve a stable economy.

The outline of my argument is:

Low oil prices
i. Change in demand and supply
ii. Reduced revenue by producing organization
iii. Reduced consumer and producer surplus

Closure of key organizations

Lead to unemployment
Loss of tax by the government
Unemployment
Social crimes
Domestic violence
Loss of direct foreign investment
Low investment by other countries
Loss of foreign exchange
Reduced exports
Loss of Continue reading...

In this essay, I am going to outline on how china has relied on the export sector over the years and how this reliance on exports has transformed the country to be one of the largest exporters in the world. The exports sector has boosted the country in its growth but at the same time I will outline at the conclusion on the problems the country faced as a result of reliance on exports. My final opinion will be the country should concentrate on continuing to build the export sector but at the same it should work on improve Continue reading...

Demand and supply

Demand
Demand is the amount of goods that households are willing and able to buy at a particular price in a given period of time holding other variables constant (Mankiw, 2011). Change in price of a commodity lead to change in quantity demanded. For example, if the price of basic commodity such as sugar rise, the quantity demanded will reduce. The law of demand states that there is an inverse relationship between demand and supply. Therefore, demand curve slopes downward. Change in price lead to a movement along demand curve. Determinants of demand are the factors which influence the Continue reading...

Removal to Red Power

Introduction
This paper critically explores and analyzes the motives behind the Dawes Act. the law has had a negative impact on American Indians, as it committed to public ownership of real estate, which provided each shelter and a place in the tribe. From the beginning, the functioning of the state policy for Native Americans focused on their complete assimilation and the complete destruction of the national identity (Reich, D. et al., 2012, pp.370–374). However, it meant the permanent loss of an Indian traditional way of life and the elimination of the traditional system of values, which, in particular, Continue reading...

Structures of Tributary States

During the Neolithic revolution, land and agriculture were the primary sources of wealth. Agricultural surplus was used to deal with starvation appropriately. This enabled a certain number of individuals to pursue other things such as religion, engineering, construction, art and politics.
The tributary system of states mainly favored the elite as they collected agricultural surplus from the Peasantry. The peasants only had the legal rights of control on the land resources. The peasants paid tributes in form of providing surplus food to the Elite who were not mainly farmers. The tributes were also paid in the form of duties Continue reading...

1.What is strategic Human Resource management?
Strategic Human Resource Management is the bridge between the human resource activities and the organizational strategies, seeking to integrate the HR policies into the corporate goals (Deb 45). The purpose of Strategic Human Resource Management is to allocate the right people to specific business strategies, or to train, coach or motivate them according to the organizational needs (Dhar 45). The HR functions across organizations tend to incorporate the strategic component for effectively aligning organizational requirements with internal resources (Deb 45).

2-What is investment prospective and should you invest in your employee’s yes or no?

Prospective investment in Human Resources refers to the organizational efforts made for the Continue reading...

The question is about the reason or reasons for the decline or replacement of the different mode of productions from the different periods of economic systems. The best way to explain this is by laying a chronological story that states the problems created by the previous systems which created the need for the emergence of a new system.

Introduction
The modes of production that are used in the production of goods and services, as well as their distribution, determine the economic system that is applied in a given society. There are different modes of production such as the feudal Continue reading...

The concept of principles of measurement basically involve a set of standards, benchmarks, guidelines as well as practices applied to evaluate and determine the extent, degree or magnitude of a condition or a phenomenon (Sarkar & Jana, 13). The most obvious method or principle of measurement that can be used to determine the physical quantities of certain materials involves counting i.e. counting the number of fruits in a basket et cetera (Sarkar & Jana, 13).

History and Development of Standards

Historical evidence indicates that standards have been in existence from the beginning of recorded history (Macnamara, 7). The earliest activity that involved standardization began from as Continue reading...

Demand is the quantity of a good or service that consumers are willing to buy at a given price in a given period of time while supply is the quantity of good or service that suppliers are willing to supply in a given price at a given period of time (Slavin, 2014). Price can be describe as the worth, cost or value of a product i.e. good or service. The market is a place where buyers and sellers meet and exchange their goods or services (Mankiw et al., 2011). Changes in either demand or supply of a good or Continue reading...