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Essays 211 - 240

Harford: “The Undercover Economist”

but sometimes works in unpredictable ways. Harford also uses Starbucks to explain why location is so important in real estate and...

THE THROW-AWAY WORKER: USE (AND ABUSE) OF CHINESE IMMIGRANTS IN DEVELOPING CANADA'S RAILROADS - AN OUTLINE

the immigrants were considered expendable when it came to building the railroads. History of Canadas Railroads Much of th...

OIL AND THE INTERNATIONAL BUSINESS CONNECTION

Before we take on an explanation of oil and petroleum on a global scale, we first need to understand how the "liquid gold," as...

Managerial Economics; the Dominant Firm

2000). There are a number of examples of this model, however it is one that is generally seen as unhealthy on an industry...

HISBAH AND ECONOMICS

is the law, Hisbah (or Al-Hisbah) is the collection of people assigned to ensure the law is fulfilled. In Saudi Arabia, for exampl...

Economic Interdependence in American History

The Revolutionary War itself, in fact, came with significant expense. The fledgling nation was immediately saddled with tremendou...

The Impact of International Trade on an Economy and Influence of Monetary and Fiscal Polices of Exchange Rates

trickle down. This also impacts on the supply chain creating jobs upstream of the exporting company, so has far reaching consequen...

The ‘Biology’ of Cloning: Its Importance and Potential Impacts

Today, plant research scientists accomplish cloning through the manipulation of a limited number of vectors. The Ti plasmid (a pl...

Kahneman's Contribution to the Field of Economics

winning Nobel," 2002). What the pair did was to examine decision-making and judgment ("Kahneman gets warm reception after winning...

Future Developments for the Airline Industry

the way for the 1993 partnership between Northwest Airlines and KLM Royal Dutch Airlines and the Open Skies agreements were extend...

SHOPS, DISCOUNTS AND KNOWING WHEN TO STOP

price cuts can also be duplicated by the competition (McConnell and Brue, 2006). When a rival moves to lower prices, any potential...

OPEC AND ECONOMICS

much to the market. Though this means members of the cartel get an equal share (which might be less than if they were separate ent...

Automotive Industry And Global Financial Crisis

less cost than other countries (Tabarrok, 2008). This means that every country can have a comparative advantage if they specialize...

Henry Ford and His Impact on Economics

is, it owns or controls suppliers of raw materials, parts, fabric for seats-anything that goes into a Ford, Ford Motor controls; i...

Economics of the Housing Market

formerly were the "hottest" markets in the country, buyers and potential buyers finally have come to the point of realizing that t...

Arguments of Henry Hazlitt

so on until that $250 is keeping everyone in business. The hoodlum who broke the window becomes an instrument of spreading busines...

Slave Trade Economics and History

them to finance imports" (Fogel and Engerman PG). South Slavery, because it was so economically viable in the South, would neve...

Overview of Arizona's Pima County

plant and animal life with the ability to withstand the most unfriendly of all living atmospheres; however, this acclimatization d...

A Societal Application of Cultural Economics

that humanitys constant quest for the concept of meaning through the acquisition of material goods and this journey of cultural un...

Belgium's Government, Economy, and Industry

is split into French-and Flemish-speaking citizens (Martinez, 2001). More technically, it is a federal parliamentary democracy und...

Economic Behavior, Social Class Income, and Consumer Behavior

the traditional consumption theories considered as asocial individualism, insatiability and commodity orientation. Asocial individ...

Economic Models Monetarism vs. New Classical

level and T is indicative of the volume of transactions (610). It is assumed that V is constant and T only changes slightly over t...

The Employment Situations in California and in America as a Whole

with links to Silicon Valley, but the "ripple effect" carried over into the myriad support businesses that depended on the revenue...

Korea and Japan

to be a somewhat adversarial relationship between American and Korea. We may wish to also consider the relationship with Ko...

Overview of Game Theory

end up doing the same thing after person A figures out what B is doing. If Person A does not have a dominant strategy, then if B ...

Economics of Crime Problems and Solutions

because of their greater medical needs (Himelstein, 1993). A survey by the Rand Corporation found that longer jail terms cannot e...

American Diversity

and economic issues must be considered along with positions of ethnic and religious minorities as well as issues that go to enviro...

Recessions and Keynesian Economics

this book, Keynes discussed the causes of unemployment and his theories regarding what governments should and should not do in har...

Overview of Information Economics

rapid pace as well (Mennecke & West 2001). One study indicates that at least one third of the companies using RAD have data that ...

4 Questions on Economics Answered

the demand for a product is higher than the supply and the supplier cannot provide enough to meet the demand then the price will r...