Government Action and Possible Solutions Based on what we have learnt from economics‚ here are our suggestions to resolve the issues previously stated. Firstly‚ the government should set effective price control on building materials. Price control should be reviewed; considering free market to determine building material prices and supply in the domestic market. Associations should also urge The Ministry of Domestic Trade and Consumer Affairs (MDTCA) to monitor‚ regulate‚ and strengthen the supply
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Housing price in China and government’s policies to control it Name:Rui Ying(Renee) Thesis Statement: This essay argued that the housing price which has rises rapidly‚ because .Demand is outstripping supply . Chinese housing market is growing rapidly .“real estate”. This essay explains that government needs to be controlled by a good policy that Chinese government issued a 20% capital gains tax on sales of second homes to discourage real estate investment. Definition: Housing
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impact such as the September 11 terrorist attacks and the Iraq war. This emphasis is hardly misplaced with the increasing benefits of the mass media becoming clearer day by day. Generally‚ most people assume that the mass media‚ which in today’s context can be defined as a means of communication that reaches large numbers of people via mediums such as the television‚ radio‚ newspapers and internet‚ is confined within its role to disseminate information. However‚ the mass media is now well regarded as an
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How weather can affect food prices Diagram 1 - supply and demand: P = Price Q = Quantity D = Demand S = Supply Q₁‚ P₁ = Original equilibrium Q₂‚ P₂ = New equilibrium Diagram The main factor that I will focus on in this price shift is the weather. That is because the weather is one of the most important factors when it comes to agriculture. As you can see in the diagram above; when the supply decreases there
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In what ways can success and ambition be dangerous? Since our birth‚ we are encouraged to go forward‚ to reach farther and to shoot for higher goals in life. In the words of Donald Trump: “Get going. Move forward. Aim High. Plan a takeoff.” But‚ are ambition and pursuit for success turning into an obsession nowadays? The authors Lotte Bailyn‚ Karen Heller and William Zinsser agree that they are‚ and unfortunately‚ I have to endorse their idea. All three authors’ view that‚ as Heller put it “…there’s
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minimum wages than the federal minimum of $7.25‚ but our national government still has not gotten the message that America needs its minimum wage to be raised (Jost 76). Raising minimum wage has been a hot topic ever since its conception in 1938‚ back when minimum wage was only $0.25 (“Minimum Wage”). Although it is a successful tradition to raise minimum wage to match inflation and match people’s needs‚ some individuals believe there is no need to raise it. Many others believe that raising wages will
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pure economics sense‚ Brown‚ Gilroy and Kohen(1982) states that “the effect of the minimum wage in the simplest is that employment is reduced and the efficiency of the labour market is impaired because some individuals whose marginal product exceeds their reservation wage are unable to work” (Brown‚ Gilroy and Kohen‚ 1982). The “employment effect” (De Fraja‚ 1999) suggests that an increase in minimum wage will restrict job opportunities‚ resulting in a loss of jobs and potential lowering of the
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Statutory minimum wage regulation was first introduced in New Zealand in 1894. Some attempt to control wages had been present since policymakers started believe that the market wages of labour was unfair to the workers. Minimum wage laws dictate a lowest hourly or monthly wage rate that employers may legally pay to workers. For instance‚ the Minionion government had set a new minimum wages rate of MS900 which intend to ensure that the basic needs of the workers and their families are met. Since that
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unmarked‚ unopened tin can and explains that the store’s owners are threatening to fire him and all his staff if they cannot keep track of the items that they sell. He asks you to help him figure out what is inside. There is one catch: He does not want to open the can‚ just in case there is something expensive inside. During this week’s discussion‚ your instructor will play the role of the Circus Supermarket store manager. Your instructor will answer any questions you have about the can‚ and you should
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Raising the minimum wage affects all workers young and old. You might might think that receiving more money is a good thing but it actually negatively affects the economy and its jobs. Raising the minimum wage will eliminate jobs because the employer has to pay the workers more so they will hire less and might replace them with computers or robots. Oxford University researchers Carl Benedikt Frey‚ PhD‚ and Michael A. Osborne‚ DPhil‚ stated in a 2013 study that "robots are already performing many
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