"Example Of A Positive And Normative Statement About The Economy" Essays and Research Papers

Example Of A Positive And Normative Statement About The Economy

|Definition of 'Positive Economics' | |The study of economics based on objective analysis. Most economists today focus on positive economic analysis, which uses what is and what has been occurring in | |an economy as the basis for any statements about the future. Positive economics stands in contrast to normative economics, which uses value judgments. | |Investopedia...

Austrian School, Economics, Minimum wage 853  Words | 4  Pages

Open Document

Assignment 1: Difference Between Positive and Normative Statements

equal value. (36 Marks) a) What is the difference between positive and normative statements in economics? Provide an example of each. Normative statements are subjective, often without a basis in fact or without evidence, the statements involve judgments about what should or ought to happen. Positive economics involves statements about economic reality, which can be supported or rejected based on facts. Positive statements don’t have to be true, but arguable. A minimum wage hike will...

Economics, Economics terminology, Microeconomics 1471  Words | 6  Pages

Open Document


America has dealt with many up and downs, when comes to its economy. Therefore programs like the welfare have been created and designed in order to help society get back on their feet. Yet many different questions arise throughout the country, when it comes to welfare aid programs. Such questions like, welfare benefits pays more that an entry level job? Or the welfare is being too generous to lower class people. As a result in my macro economy class each student was assigned with a very interesting article...

Economics, Economy, Positive science 1071  Words | 3  Pages

Open Document

Positive and normative statements

Positive and normative statements The importance of detecting bias in arguments Whenever you are reading articles on current affairs it is important to be able to distinguish between objective and subjective statements. Often, the person writing an article has a particular argument to make and will include subjective statements about what ought to be or what should be happening. Their articles carry value judgements; they are trying to persuade you of the particular merits or demerits of...

Austrian School, Beer, Economics 409  Words | 2  Pages

Open Document

Descriptive vs Normative Statements

Question 1 To explain the distinction between Descriptive and Normative Statements one first has to understand the difference between Descriptive and Normative Ethics. Descriptive ethics primarily describes people’s moral beliefs, claims and behaviors. This form of ethics is studied primarily by psychologist, sociologist and anthropologist. With Normative ethics we deal with the attempt to discover what actions are in fact right or wrong, good or bad and what it takes to be a moral or immoral person...

Cultural relativism, Culture, Descriptive ethics 1298  Words | 4  Pages

Open Document

Positive vs Normative Accounting Theory

Essay Guideline (brief simple short essay - example only to assist with planning) TOPIC: Discuss positive accounting theory and contrast it with normative accounting theory. Provide examples where appropriate.     The purpose of this essay is to provide an overview of positive accounting theory (PAT) and highlight how this theory differs to normative accounting theory. Definitions and assumptions of both theories will be considered and examples of the theories will be provided. In addition...

Efficient-market hypothesis, Hypothesis, Scientific method 1047  Words | 6  Pages

Open Document

Economics and Normative Analysis

inner workings of a crack gang, the truth about real estate agents, the secrets of the Ku Klux Klan, and much more. Through much story telling and insightful knowledge, they show that economics is at the root, the study of incentives (freakonomics.com). There is not one underlying theme the book, Freakonomics, is built around, but there are many reoccurring themes throughout. The three major themes that I found occur throughout the book are: positive vs. normative analysis, incentives are the cornerstone...

Economics, Freakonomics, Incentive 1411  Words | 7  Pages

Open Document

Positive Feedbacks in the Economy

Positive Feedbacks in the Economy A new economic theory elucidates mechanisms whereby small chance events early in the history of an industry or technology can tilt the competitive balance by W. Brian Arthur onventional economic theory is built on the assumption of diminishing renrrns. Economic actions engender a negative feedback that leads to a predictable equilibrium for prices and market shares. Such feedback tends to stabilize the economy because any major changes will...

Economics, Economy, Equilibrium point 1163  Words | 7  Pages

Open Document

Positive Accounting Theory

Compare and contrast normative and positive accounting approaches: Definition of PAT: Watts and Zimmerman (1986) defined Pat as a theory that seeks to explain and predicts particular phenomenon. It is concerned with explaining accounting practice. The three basic hypotheses as outlined by Watts and Zimmerman (1978) underlying PAT are: 1. Bonus plan hypothesis: The bonus plan hypothesis is that managers of firms with bonus plans are more likely to use accounting methods that increase current...

Explanation, Hypothesis, International Financial Reporting Standards 2419  Words | 7  Pages

Open Document


Thesis Driven Essay Examples Thesis: William Golding uses symbolism in the form of the conch to represents the concept of society. The boys’ evolving relationship with the conch illustrates that humans, when removed from the pressures of civilized authority, will become evil. 1st TS: In the beginning, the boys view the conch as an important symbol that unites them and gives them the power to deal with their difficult situation. 2nd TS: Gradually, however, the conch becomes less important...

Drug, Drug addiction, Gang 1195  Words | 5  Pages

Open Document

Difference Between Positive and Normative Analysis

What is positive analysis? Factual statements of descriptive nature about the world are identified as positive statements by the economists. However, the word ‘positive’ does not imply that they only mean good facts or good news but it may in that sense, include bad news as well. Positive analysis, like wise, utilizes scientific principles in order to reach objective and testable conclusions. What is normative analysis? Value-based statements, on the other hand, that are prescriptive in nature...

Economics, Normative economics, Normative statement 467  Words | 2  Pages

Open Document

Examples on mission statement

It is my position that a firm's mission statement must clearly state their objectives and what principles their firm stands on. The following three mission statement are examples of poorly written, if not thinly disguised objectives which could only hurt their image and/or make it unnecessarily difficult to get support, VC (venture capitol) funds, etc. Analyses: Company # 1: The recruiter describes this company as one, which is about to launch a new men's cologne called "Moment Of Spirit". This...

Hunger, Malnutrition, Mission statement 653  Words | 3  Pages

Open Document

Positive and Normative Economics

POSITIVE AND NORMATIVE ECONOMICS Positive economics deals with what is with how the economy works, plain and simple. If we lower income tax rates in the United States next year, will the economy grow faster? If so, by how much? And what effect will this have on total employment? These are all positive economic questions. We may disagree about the answers, but we can all agree that the correct answers to these questions do exist— we just have to find them. Normative economics concerns itself with...

Controversies, Controversy, Economics 490  Words | 2  Pages

Open Document

Identifying Economic Concepts in the News

Positive (or analytical) Economics is objective, without emotion or value judgements. It has to do with "what is," while normative economics has to do with "what ought to be." Positive economics is based on theory, probability, and statistical methods. When searching for positive economic statements I found in the business section of the September 12, 2005 issue of the Toronto Star an article based on the economies foundation and cheaper insurance. This business article written by Steven Theobald...

Austrian School, Economics, Economy 921  Words | 3  Pages

Open Document

Accounting Only Has One Role Which Is to Satisfy User Needs’ Critically Evaluate This Statement

Introduction In this assignment I will review the statement in question 3, ‘accounting only has one role which is to satisfy user needs’. I will research into what accounting actually is, what its role is, who are it users and how it is relevant to its users. I will also use various books, articles, lecture notes and a wide range of Internet sources to enable me to critically evaluate this statement. Accounting can be defined as the summarising, measuring and communication of financial transactions...

Accountancy, Accountant, Finance 1840  Words | 6  Pages

Open Document

Normative theory positive theory

Positive Accounting Positive economic theory and accounting practices are objective and based on fact. Positive accounting focuses on analyzing the economic statistics and data at hand, and deriving conclusions based on those figures. For example, if corporate growth allows a company to increase shareholder dividends over previous dividend payments, positive accounting theory would conclude that corporate growth causes a rise in stockholder dividends. Most bookkeeping and data collection involved...

Cash flow statement, Dividend, Economics 391  Words | 2  Pages

Open Document

Positive Impact of Globalization Toward Economy

Positive impact of MNC & FDI Positive impact of MNC & FDI International Political Economy Second exam J.C. Odencrantz 4/24/2012 TN Gilpin writes that “opinions corporate on differs greatly over the significant for international and domestic economic affairs of the Globalization of corporate activities” explore how MNCs and FDI impact domestic and international economies using one of the perspectives discussed by Gilpin (perspectives can be from business economics or political...

Corporation, Economics, Globalization 2221  Words | 7  Pages

Open Document


to: (Specific learning outcomes worth 10 points) How does this article relate to the learning outcomes, be specific, and give examples : (Worth 50 points) What is your critique on the article: Try to stay away from opinions statements. (Worth 20 points) Fiscal Policy Assignment The traditional Keynesian approach to fiscal policy differs in three ways from that is presented...

Economic growth, Economics, Gross domestic product 414  Words | 4  Pages

Open Document

Immigration Has a Positive Affect on the Economy

Immigration has a positive effect on the economy I. Supporting Arguments A. Immigration provides a small net boost to the economy Immigrants provide cheap labor, lover the prices of everything from produce to new homes and leave consumers with a little more money in their pockets. they also replenish-and help fund benefits for- an aging American labor force that will retire in huge numbers over the next few decades. Also, an increase in the number of American workers is needed...

Economics, Economy of the United States, Illegal immigration 1298  Words | 4  Pages

Open Document

"Normative ethical subjectivism" and the four arguments aganist it with examples

Normative ethical subjectivism is an ethical stance that attempts to specify circumstances under which an action is morally right or wrong using four distinct arguments that try to prove this claim. Normative ethical subjectivism claims that an act is morally right if, and only if, the person judging the action approves of it. Stemming form this view on ethics a normative ethical theory has been made. An ethical theory is a theory of what is right and wrong. This stance on ethics is the opposite...

Aesthetics, Ethics, Immanuel Kant 1411  Words | 4  Pages

Open Document


INTRODUCTION 1.1 Definition of economics Economics is a social science, positive as well as normative, divided into microeconomics and macroeconomics, concerned with how society allocates limited factor inputs to produce goods and services to satisfy unlimited human wants. 1.2 Economics as a social science A social science is the study of a particular aspect of human behaviour using the scientific method. Examples of social sciences are economics, sociology and political science. Economists...

Economics, Inflation, Macroeconomics 609  Words | 3  Pages

Open Document

Lecture 1 Normative Decisions Theory

Lecture 1 – Normative Decision Theory What is a decision? Difficult to provide a general definition Yates, Veinott & Patalana (2003): A decisions is a commitment to a course of action that is intended to produce a satisfying state of affairs Better to identify components of a decision situation Choice between actions (and also inaction) Usually Goal Orientated – the action is taken to produce favorable outcomes Requires people to evaluate possible outcomes However, there are many more features...

Decision making, Decision making software, Decision theory 1260  Words | 4  Pages

Open Document


The United States of America (USA) has been a debtor nation for years, causing a great deal of decrease in the economy. The effects of being a debtor nation have cause USA economy to be weak, dropping the dollar value well below the market. As of 2006, USA has been the world biggest debtor nation in the world. The USA has been a country that depends on foreign investments for many years, leading to them becoming a debtor nation. With that USA has a trade deficit of more than sixty-one billion, and...

Cold War, Economy of the United States, Government debt 2035  Words | 5  Pages

Open Document

Is Globalization a Positive or Neg. Force for Change

Reflection Background: We have spent the past week learning about the globalization trend that has changed the political, cultural and economic landscape of the world. Over the course of our discussion we have covered both positive and negative implications for the American worker and student. Task: Write a four paragraph essay reflection on our Globalization mini unit in which you address the following question: Is globalization a positive or negative force for change? Organization: Introduction: ...

Better, Culture, Globalization 915  Words | 5  Pages

Open Document

Changes in Financial Statement Presentation

Financial Statement Presentation Abstract The IASB and FASB have been working on a project together to minimize the differences in the way financial statements are presented to the public. Some of the major changes that we will notice in the statements are the adoption of the International standards. The information portrayed will be the same with some changes in the organization of the data. The changes are said to bring more understanding to the interpretability of financial statements as a whole...

Asset, Balance sheet, Financial Accounting Standards Board 1042  Words | 3  Pages

Open Document

Thesis Title Example

Thesis Statement Example 1 In this example of thesis statement, the emphasis of the study is to find a correlation, either positive or negative, between Mozart’s music and short term memory. This is an example of a research paper with data observation and analysis. The observations were recorded by running ANOVA and Post Hoc tests to compute values for the variables. The goal was to find a positive correlation between the two variables. For that a hypothesis was tested that was proven to be negative...

Causality, Correlation does not imply causation, Economics 770  Words | 3  Pages

Open Document

Malaysian Economy

Author Fintan Ng article “Economy Expands More Than Expected in Q4” emphasizes that the economy grew at a faster pace in the fourth quarter because of superb combination of fiscal policy both from government expenditure and low inflation rate that boost domestic demand. The application of monetary policy also play major role in expanding the economy. GDP (Gross Domestic Product) boosted to 4.5% in the Q4 after 3 consecutive quarters of contractions. Economists expectation for an average growth of...

Economics, Inflation, Interest rate 890  Words | 3  Pages

Open Document


Microeconomics and the Laws of Supply and Demand ECO/365 October 3, 2014 Microeconomics and the Laws of Supply and Demand The simulation in the text is about a small city by the name of Atlantis. Atlantis is a well-maintained city with many positive aspects for the community. All of the aspects make it a pleasant living environment. For example, the city has maintained streets, maintained sidewalks, large parks and jogging paths. To rent an apartment in the community of Atlantis an individual would...

Economics, Elasticity, Income elasticity of demand 1569  Words | 3  Pages

Open Document

Thesis Statement

A FEW MORE TOPICS & THESIS EXAMPLES TOPIC: body piercing BAD: Body piercing is popular among kids nowadays. BETTER: Body piercing among contemporary youth represents the latest form of rebelling against authority that previous generations manifested in smoking, getting tattoos, and wearing mini-skirts. TOPIC: female musicians BAD: Female musicians are getting more popular. BETTER: During the past five years, musical artists like Sheryl Crow, Alanis Morisette, and Jewel have solidified a place...

Extended family, Family, Kinship 749  Words | 3  Pages

Open Document

Project Scope Statement Example

Appendix B Project Scope Statement Example PROJECT OVERVIEW This project is being undertaken to establish a new residence for Mr. and Mrs. John Smith. The new residence will be a free-standing, single-family dwelling built on a two-acre lot (lot 24) located at 200 North Maple Avenue, MyTown, MyState, 20001-1234, USA. The project is to commence on Monday, February 2, 2015 and will complete no later than Thursday, December 31, 2015. This home is being constructed to take advantage of the latest...

Architect, Construction, General contractor 1561  Words | 7  Pages

Open Document

About mix market economy

 A mixed market economy is one were decisions are created by producers and consumers, but the administration does have a position in the economy. Market forces conquer in mixed economies. Command economy is a planned economy, where the government regulates what is mass-produced and in what amounts. The individuals own the means of manufacture and decide what will be produced rendering a plan built upon what the state calculates to be people's need and desire for various goods and services. ...

Capitalism, Economic system, Economic systems 636  Words | 3  Pages

Open Document

examples of classification paragraph about nursing

his presentation of the idea. The following paragraph is an example. Sample Paragraph: Although the New Testament writers used the popular language of their day, they often achieved great dignity and eloquence. Convinced of the greatness of their message, they often wrote naturally and directly, as earnest men might speak to their friends. Although St, Mark's writing was not necessarily polished, he wrote with singular vigor and economy- St. John struggled with the language until he produced sparse...

New Testament, Paragraph, The Reader 2241  Words | 7  Pages

Open Document

Writing a Thesis Statement

What is Thesis Statement? Thesis statement is a statement that conveys the ultimate message, intention or the main argument of your essay. In other words, thesis statement can summarize your whole essay within a single sentence. Your thesis statement will be enough for the examiners about which side or position you are taking in the discussion or debate. For example, in the question of “do you agree?” type, this statement will tell the reader whether you agree and to what extent. There are chaos...

20th century, Caste, Discrimination 962  Words | 3  Pages

Open Document

Mission Statement

MISSION STATEMENT Submitted By Summit Pradhananga MBAe section A Term II A mission statement is a declaration of attitude more than a statement of specific details. A good mission statement allows for the generation and consideration of a range of feasible alternative objectives and strategies And an overly general statement that does not exclude any strategy alternatives could be dysfunctional. Apple Computer’s mission statement, for example, should not open the possibility for...

Equal Opportunity Employment, Ford Motor Company, Good 597  Words | 3  Pages

Open Document

Game Theory - Descriptive, Normative or Prescriptive?

Game theory – descriptive, normative or prescriptive? Going through life we often are surprised by the different ways how people think, make decisions and interact. We believe that most of us are rational human beans (to some extent) and, therefore, our decisions should be grounded in analysis of the situation, our experience and intuition. Therefore, the human mind can be seen as an incredibly complicated machine that runs series of theoretical simulations of possible situations (often subconsciously)...

Decision theory, Economics, Eric Maskin 2503  Words | 7  Pages

Open Document

Normative essay

faced by a developing country like Malaysia, in developing its own conceptual framework. Topic 3 – Week 6 1. Briefly explain the following elements contained in the structure of conceptual theories in accounting. a) Objectives of financial statements b) Accounting Postulates c) Accounting theoretical concepts d) Accounting principles e) Accounting techniques 2. In your opinion, does the accounting profession need accounting standards? Support your answer by explaining the advantages of...

Capital, Capitalism, Concept 733  Words | 5  Pages

Open Document

The Sharing Economy

Sharing Economy Read the article (on pages 8-11) closely, then answer each question below. Write at least two to five sentences for each response, using evidence from the text to support your answers. 1. Describe the author’s purpose in the first two paragraphs of the article. Renting objects and places 2. Analyze the reasons the “sharing economy” is taking off now, according to the author. Enjoying a good time with strangers 3. The author writes that “whether the sharing economy is a bane...

File sharing, Negative feedback 559  Words | 2  Pages

Open Document

Financial Statement Analysis Paper Example

Financial Statement Analysis Paper Example 1: Dell Computer Dell Inc. Income Statement Revenue Cost of Goods Sold Gross Profit R&D Selling General & Administrative Non Recurring Others Operating Income Depreciation Expense Other Income/Expense EBIT Interest Expense Tax Expense Income from Cont Operations Net Income Balance Sheet Cash Short Term Investments Accounts Receivable Inventory Other Current Assets Total Current Assets Long Term Investments PP&E Net Goodwill Intangibles Other Assets Total...

Asset, Balance sheet, Depreciation 2254  Words | 6  Pages

Open Document

example of informative speech outline

EXAMPLE OF INFORMATIVE SPEECH OUTLINE Informative Outline Topic: Impact of Media in the Society and Individual General Purpose: To Inform Specific Purpose: To inform my audience the negative impact of social media in the society and to the individual. Thesis: Social media websites are some of the most popular haunts on the Internet. They have revolutionized the way people communicate and socialize on the Web. I. Introduction A. Attention Getter: Today, just about everyone...

Internet, Marshall McLuhan, Mass media 901  Words | 3  Pages

Open Document

The Thesis Statement

Center-LAC Rm.222 The Thesis Statement What is a Thesis Statement? A thesis statement is the main idea in a piece of writing. The thesis statement is typically placed in the introduction and should be comprised of two parts: a topic part, which states the topic, and a comment part, which makes an important point about the topic. Example: Recent studies of second-hand smoke (topic part) have determined that it is more damaging than originally thought (comment part). Thesis statements may vary depending on...

Global warming, Methane, Paper 647  Words | 2  Pages

Open Document

Political Economy

Political Economy Our society is strongly influenced by all sources of media. The media shows us what is going on in the world news, fashion and much more. The media is our connection to the world and what goes on all around us. The political economy approach looks at the influence that ownership control, advertising and audience spending has over the mass media and the mediated messages we receive on a daily basis. Political economy believes that everything about media products is created...

Advertising, Marshall McLuhan, Marxism 797  Words | 3  Pages

Open Document

‘The global economy has moved on from the Asian Tigers; the present and the future of the global economy now lie elsewhere.’ To what extent do you agree with this statement? (40 marks)

‘The global economy has moved on from the Asian Tigers; the present and the future of the global economy now lie elsewhere.’ To what extent do you agree with this statement? (40 marks) The Asian Tigers, consisting of Hong Kong, South Korea, Singapore and Taiwan, were the second group of countries to develop after World War II, with the first being Japan. The Asian Tigers were able to develop due to a combination of comparative advantages, including partially existing developed levels of infrastructure...

Asia, Country classifications, Developed country 1428  Words | 4  Pages

Open Document

Example: Economics

Importance Of Economics Everyone is a part of economy and everyone uses the rules of economy too. From the time we are born, we become consumers of various products and services (say, medical services, baby foods, and so on). We grow and diversify to attain various different roles as producers, traders, mediators and agents. Today’s world is that of “economic imperialism”, where economical factors, most importantly, money dictates all the elements of the society, not to forget close family relations...

Capitalism, Economic system, Economics 3851  Words | 12  Pages

Open Document

Create a Problem Statement

Team Charter Week 3 Glenda Brown MGT/521 Professor Dominic deLacy One of the greatest challenges in any new situation is changing our own mindset about how something should work or should be. We have grown to expect that meetings, for example, will follow a set pattern and be made up of predictable interactions. Organizations have embraced teams and teamwork as an effective way of doing business. The last 20 years has seen the replacement of 'supervisors' by 'team leaders'. Companies have...

940  Words | 3  Pages

Open Document

Critically Evaluate the Role of Tnc's in the Changing Global Economy

changing global economy? (40 marks) TNC’s are companies that operate across boundaries of countries, usually to maximise their profits and increase their selling market. How and whether they contribute to the changing global economy is a matter of debate. In order to evaluate their role the change, what TNC’s have done?, How have they shaped the economy? and who else is involved needs to be considered. Geographers feel differently about how TNC’s contribute to the global economy, some would say...

Developing country, Development, Economic development 1646  Words | 5  Pages

Open Document

Barter Economy

Barter economy The non-cash exchange of goods and services is known as barter. Bartering was common in earlier societies, but is rare in an advanced economy with a stable currency. Barter usually replaces money as the method of exchange in times of monetary crisis. This can occur when the currency may be either unstable or simply unavailable for conducting commerce. A barter exchange operates as a broker and bank. In this type of exchange each participating member has an account that is debited...

Barter, Commerce, Currency 774  Words | 3  Pages

Open Document

Bus310 Accounting Theory and Accountability

theories are speculative or ideas or guesses floated to encourage researchers to undertake the observations required to prove or disprove the theory. The question often debated is what comes first — the theory or the observation? For example, did Darwin start thinking about different species and the idea of natural selection or did evolution enter his thoughts? Did he detail these thoughts as a testable proposition and then set out to observe? Or did he observe aspects of nature which led him to formulate...

Balance sheet, Economics, Explanation 961  Words | 4  Pages

Open Document

Rmb Appreciation Positive Impact on China’s Economy and the Follow-Up Measures

change their operational mechanism, to ease trade tensions and the effectiveness of monetary policy five-pronged approach to analysis; and my final conclusion: RMB exchange-rate appreciation generated by the final result is more positive than negative, impact is positive. In the current context of the appreciation has become a fact, china should actively take the appropriate follow-up measures to stabilize and optimize the economic environment, to minimize possible due to economic fluctuations (exchange...

Bretton Woods system, Currency, Economics 1223  Words | 4  Pages

Open Document

Chinese Economy

“The opportunities and challenges of the Chinese and Mexican economy in the future” Chinese Economy Teacher: Andong Zhu Valeria Lozano Padilla December 5st, 2012 Introduction Nowadays, China is one of the most important countries in the world. It is the world´s second most powerful economy and it is growing day by day. As we know China has have an enormous increase since the last 30 years, that´s thank for the Mao’s mandate; he start to promote an independent nation which can grow even...

Economy, Economy of the People's Republic of China, Inflation 1380  Words | 4  Pages

Open Document

73395576 ACC497 ACC 497 Week 2 Individual Assignment Financial Statements Paper Part I

Financial Statements Paper Part 1 Sarah Jobst ACC/497 May 26, 2014 Michael Morris Financial Statements Paper Part I Financial statements are a very important part of a company that investors look at. Everyone from management, board of directors, investors and creditors gather information from these statements to make decisions about the company. There are different financial statements that users look at, among these the most important would be the income statement. Although all of...

Annual report, Balance sheet, Cash flow 982  Words | 5  Pages

Open Document

Tenets of Neoclassical Economy

as the originator and leader of the school, David Ricardo 1772-1823 should be credited with establishing the form and methods of school. Neoclassical economic liberalism is based on principles of namely free competition, a self-regulating market economy, and low or no taxes on income and property, while sharing with other forms of liberalism "a belief in progress, the essential goodness of the human race, and the autonomy of the individual and standing for the protection of political and civil liberties...

Adam Smith, Capitalism, Economics 2166  Words | 6  Pages

Open Document


they are coordinated. 3. What kind of questions does economics answers? Know their examples also. 1. How do choices end up determining what, how, and for whom goods and services get produced? 2. When do choices made in the pursuit of self-interest also promote the social interest? What determines the quantities of corn we grow? How are goods and services produced? For who are goods and services produced? Examples: people’s income, not thinking other’s income, and machinery. 4. What is a rational...

Costs, Economics, Economics terminology 819  Words | 3  Pages

Open Document

thesis statements.

The thesis statement or main claim must be debatable An argumentative or persuasive piece of writing must begin with a debatable thesis or claim. In other words, the thesis must be something that people could reasonably have differing opinions on. If your thesis is something that is generally agreed upon or accepted as fact then there is no reason to try to persuade people. Example of a non-debatable thesis statement: Pollution is bad for the environment. This thesis statement is not debatable...

Drug, Drug addiction, Gang 1003  Words | 4  Pages

Open Document


Government is expecting to improve the country's economy. With the help of gross domestic product (GDP) has reached a high value of all goods and services produced in a given time. This spring, the Economy grew slower than the previous expectations. All the unexpected movement that has been processed through the country's economy creates that fear of falling into another recession. The initial rate was 1.3 percent for the months of April to June and the economy expanded only 0.7 percent in the first six...

Business cycle, Economy, Government spending 1259  Words | 6  Pages

Open Document

Globalisation on Developing Economies

developing economies (20) Globalisation is about the processes that have resulted in ever closer links between the world’s economies. Expressed in a more simple way this means developing economies developing closer links through things like trade, investment, production and then in more recent times, migration of people and transfer of technology. In recent years the speed that globalisation is growing at has increased massively and the impact is seen most greatly on developing economies. The two...

Cyprus, Developed country, Developing country 838  Words | 3  Pages

Open Document

What Is Globalization, and Is It a Positive Force for Good in the 21st Century.

What is globalization, and is it a positive force for good in the 21st century. It is hard to define globalization and seems “easier to describe than to define” (Kiggundu, 2002:3). “Globalization has become, the most important economic, political, and cultural phenomenon of our time. Around the globe the integration of the world economy is not only reshaping business but also reordering the lives of individuals, creating new social classes, different jobs, unimaginable wealth, and, occasionally...

Developed country, Developing country, Globalization 1907  Words | 5  Pages

Open Document

Positive Guidance

Positive Guidance and Discipline In Classrooms There is a difference in guidance and discipline. Discipline involves teaching and learning. It also comes from the root word “disciple” which means a pupil, a follower, or a learner. Guidance is an attempt to change behavior by leading, directing, teaching, and advising. But the two have a connection. The main goal for guidance is self-discipline. Once a child achieves self- discipline, it will increase his or her ability to learn new social skills...

A. R. Gurney, Child discipline, Childhood 988  Words | 3  Pages

Open Document


Which is best for the economy: employment stability or employment flexibility? A recent article in the ILO's International Labour Review analyzes the relationship between employment stability and productivity in six major sectors in 13 European countries. According to the authors, both, extensive and short job tenure can produce adverse affects on productivity. They propose a policy of 'protected mobility' on the labour market, together with active labour market policies seeking to combine both...

Employment, European Union, Labour economics 1402  Words | 4  Pages

Open Document

german economy 2004-2011

2011, showed a positive trend with the GDP per capita. From $29,684.33 in 2004, Germany boosted their GDP per capita up to $39,187.01 in 2011, which is approximately a 50% increase. This shows that Germany managed to put its economy in an upward trend, although the Eurozone was struggling with its economic growth, particularly during 2009 and 2010. Similarly, GNI per capita of Germany in 2004 was $29,938.63, yet by 2011, the GNI per capita was $39,943.53. This again shows a positive trend overall...

Balance of payments, Current account, Economic growth 849  Words | 3  Pages

Open Document

9/11 Event Impact on Pakistan Economy

weaknesses economic forecasting flourishes as a discipline and the economists show indomitable courage to sketch out their scenarios of an uncertain and unknown future. This article therefore examines the past developments, current trends of Pakistani economy and the future global and regional outlook and builds the most likely scenario for the medium term economic prospects of the country (next 10 years or so) and then reviews the downside risks and upside gains around this scenario. 2. Pakistan is...

Economic development, Economic growth, Economics 2214  Words | 7  Pages

Open Document

Become a StudyMode Member

Sign Up - It's Free