Analysis Of The Half-Mammals Of Dixie, By George Singleton

Analysis Of The Half-Mammals Of Dixie, By George Singleton
"South Carolina is too small for a republic and too large for an insane asylum," James Lewis Petigru
is a perfect quote to describe "The Half–Mammals of Dixie" by George Singleton. We will explore
how much the characters in the story would make per year, try to determine their cost of living and
look at how the depressed southern economy plays a role on the rone of these stories. Economics
and a time of depression had to play a big part in why Singleton chose to write these stories the way
he did so by going over the short stories Fossils and Bank of America we will get a better
understanding of how big the economic impact really was. "Fossils" by George Singleton tells the
story of a young boy named Compton and his father during the 1970's. Compton was attending a
school that was going through the racial integration process. Compton's father was anti–racism and
was trying to prevent a racist man in town, Mr. Dorne from keeping the news of the outside world
from the people of the town. Compton says, "So my father–maybe the only man in town in favor of
integration–responded in the only way he knew how. He awoke me at midnight." (Singleton, 20)
Takes his son on a journey to fight racism in their small town attacking Mr. Dorne who is a part of
the KKK. Compton says, "I tiptoed to what used to be a guest bedroom, where he now slept, and of
course didn't find him there" (Singleton 34). Although it never says exactly what his father's
profession is in the story it does make several mentions to him tearing down buildings so maybe he
works construction but it would seem that his profession allows him to own a three–bedroom home,
afford to take care of his son Compton and own a car all on his own. Based on the research and the
assumption that Compton's father was middle class he probably made around ten thousand per year.
"Bank of America" by George Singleton is about 4 childhood friends, who at the time of the story
are all grown up and coming back to their childhood treehouse to drink, hunt, fish and talk about
their lives past and present. The main characters have a vast employment span between them,
"Russel the carpenter, Dean the banker, Evan the English professor and me," (Singleton, 139) Some
of the
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Food Is Cheap, At Least Compared With 4 Years Ago By Dan...
Summary The article that I did was "Food is Cheap, At Least compared with 4 years ago" by Dan
Charles. This article is about how the global food price index is going down, and has fallen to its
lowest level in the last four years. It is saying that a lot of different foods are getting cheaper like
grains, vegetable oils, sugar, and dairy products. So that means that CPI should decrease now since a
family will be spending less money on those products. The only place where the prices are not
falling is in the meat industry especially in the beef industry. That is because the supply for beef was
decreased after a drought made the suppliers want to decrease the size of the herd. That in turn
caused the producers of the beef to have expectations that the future was going to be bleak for them.
So they decided to not spend as much in their planned investments. Now because of these past
decisions; when the market rebounded it the supply was down. Another plus in the market that is
currently happening in the U.S. right now is that the food industry is having harvests of corn and
soybean that will break the records in the overall production and yield per acre. This has caused the
grain prices to fall by almost half. This makes the producers of pork, poultry, and beef very happy.
Their PPI has gone down, so they are getting their things that they need to feed their animals
cheaply. Then they are selling their animals at a very high rate, higher than normal

Research Paper On Calendar Spread Strategies
Spread trading is a trading strategy which trades on the spread between the two contracts. The
contracts can be for the same or different commodity, same or different contract maturity, and same
or different exchanges cite[pp.~1–24]{schap2005complete}. A calendar spread is one of these
spread strategies where the investor utilises the spread between the two contracts with a different
delivery date, but the same underlying commodity. The performance of the calendar spread strategy
is compared with the long future contract and spot position strategies. The commodity benchmark
index is also introduced which provides the comparison of the performance of the three strategies
against the commodity index.
subsubsection{Calendar Spreads}
A calendar spread or the intra–market spread is a portfolio strategy where two future contracts are
simultaneously bought and sold for the same asset, but with different expiration dates cite[pp.~63–
77]{butterworth2002inter,kawaller2002calendar,schap2005complete}. Calendar spread strategies
are naturally a fully hedged strategy. This characteristic of the strategy has attracted financial
investors towards calendar spreads trading. The increased interest of ... Show more content on
Helpwriting.net ...
Two calendar spread strategies are considered which are constructed by using four future contracts.
The contract one is defined as the contract for the commodity for the earliest delivery date. The
contract two to four are defined as contracts for successive delivery months for the same commodity
cite{NYMEX}. So Spread(4,2) is constructed by selling the contract two and buying the contract
four. The Spread(3,1) is constructed by selling the contract one and buying the contract three. It is
assumed in the thesis that the investor purchased the calendar spread strategy which implies that the
investor sold the nearby future contract and bought the deferred future contract of the same

The Laws And Regulations Of Canada
Legal There are some laws and regulations in Canada that will directly affect Kohl's. –Canada has
been trying to get rid of spam advertising for numerous years now and finally passed an Anti–spam
legislation stating that: Your business must have consent to deliver an electronic message to
someone, you must clearly identify your business, and must include an unsubscribe feature. This
may be to disadvantage, but America has similar anti–spam laws as well. –Ontario specifically has
been trying to make the provinces buildings completely accessible for people with disability. The
laws haven't gone into effect that every business must have some sort of access that complies with
all disability, but there has been laws enforcing business owners ... Show more content on
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–Minimum wage in Ontario is $11.00 right now and is set to go up to $11.25 in October 2015. This
is a lot higher than many of the stats minimum wages. Although the American dollar is worth more
and they pay less taxes on purchases, Canada still has a fairly high minimum wage in comparison. –
Between 1996 and 2013 Political stability in Canada has maintained an average of 1.1 according to
an article in "the global economy" (–2.5 being weak, +2.5 being strong). In comparison to the states
who have dropped below 0.0 in that time frame for political stability. For Kohl's to move to Canada
this would be a smart move. Comparison on tax deductions on income: –Tax in Ontario: for 2015:
5.05% on the first $40,922 of taxable income, + 9.15% on the next $40,925, + 11.16% on the next
$68,153, + 12.16% on the next $70,000, + 13.16 % on the amount over $220,000. –Tax in America:
From $90,751 – $189,300 over 18,000 is due in tax and 28% of anything over $90,751. Then from
189,301 – $411,500 over $45,000 is due in taxes and 33% of anything over $189,301, and so on...
Economic Trends Macroeconomic Conditions These are the economic conditions that will directly
affect Kohl's opening in Canada: –Real GDP (Gross Domestic Product) has steadily rose according
to recent statistics. According to an article in ("Stats Canada" [Canadian economic accounts,

The Legacy Of The Lincoln Company
Started during the great economic depression, despite great difficulties, and misfortune in the
beginning, the Lincoln Company did stand adversity and never cease to grow since.
John C Lincoln was able to successfully carry out his vision, he not only increased its sales but also
the size of company.Later, John C Lincoln is replaced by another Lincoln as a manger when he
choose to be an engineer and inventor.
The company success is not only the result of the hard work and devoted employees but also the all
managerial system and policies in place that assures a good harmony, and perfect functioning
structures.
Mutual respect is the foundation of all relationships in the Lincoln Company starting at the top of
the firm. Respect is the ability to recognize of what is, a good manager are able to recognize the
value of people, things and situations. A good team leader also evaluate the results and situations,
take into account the pluses and the minuses, strengths and room for improvement, risks and
opportunities...He is very interested in the potential of his employees. That is what James F Lincoln
have brought since the beginning in the Lincoln Company. He understood that by seeking a
committee advisor elected by the employees, on company operations is the best way to align a good
management.
Such committee oversee the personnel related policies and practices, it establish or recommend the
various components of compensation for the company's personnel, components such as base

The Global Financial Crisis And The Macro Economy
Introduction
The global financial crisis has attracted considerable attention in recent literature. It is well known
that the true origins of this financial crisis is that the over–borrowing of US households, especially
to finance housing. It had serious affected the financial sector and the macro–economy. According to
Shiller (2007), the main reason of the sub–prime mortgage crisis and the worldwide economic and
financial crisis of 2007–2009 is the housing bubble. He also believes that the preceding bubble
created dynamics and the dynamics of the crisis were self–perpetuating, although in the opposite
direction. From the literature, we can see that conventional housing economics research virtually
ignores interactions with the ... Show more content on Helpwriting.net ...
They contain several interesting dimensions such as housing prices, housing investment and housing
wealth. In order to state their importance, Iacoviello (2010) focus on seven interesting facts about
housing.
1. Housing wealth
The housing wealth refers to the market value of all residential capital stock, no matter rented or
owned. It is also an important component of national wealth. In most developed economies, housing
wealth takes up almost half of household wealth. The figure below shows this phenomenal in the
United States. The data selected from 1952 to 2008.
Figure 1: Housing wealth and Non–housing wealth in the US
2. Housing wealth & GDP
Compare housing wealth and GDP, we can see that housing wealth is larger than GDP. Housing
wealth also fluctuates over time. Figure 2 illustrates the ratio of nominal housing wealth to nominal
GDP in the US. From the figure, we can find that the ratio of housing wealth to GDP has averaged
around 1.5 between 1952 and 2008. However, it has moved dramatically throughout this period. At
the beginning of these periods, it was equal to 1.28; we can see the lowest value happen in 1962 and
in 2005 it reaches the highest value of 2.26. It is at the peak of the recent housing boom. Figure 2:
Ratio of Housing Wealth to GDP
3. Housing wealth &

Economic Systems And Economic System
Economic system
"Economic system is that it consists of those situations which a given people or nation has nations
has chosen or accepted as the means through which resources are utilized for the satisfaction of
human wants." (studylecturenotes.com, 2016)
Economic system allows countries to follow procedure to produce goods using resources available
in the countries. It allows the countries to know how much and for whom to produce. There are
different types of economic systems in different countries and they all have their different
regulations according to their planned economic system. There are two different types of market:
Free Market and Planned market.
Free market
"An economic system in which prices are determined by unrestricted competition between privately
owned businesses" (oxforddictionaries.com, 2016)
The free market is the economic system where the government has no or few restrictions on buying
and selling goods from different countries. There are no tariffs or regulation processes being
determined for trades. This is a very good economy to start a business has it has no interest rate,
exchange rate or any force to stop them exchange their commodities in order to trade with different
countries. The free market allows the individual or group of people running the business to make
decision by themselves and allow that ease to trade with different countries at fair exchange
schemes.
UK as Free Market:
"The UK is the 9th Largest export economy in the

Poverty Threshold Is The Maximum Value
Poverty threshold is the maximum value that classifies an individual as not having sufficient money
or income to support the basic needs and living in a poor environment that potentially affects his or
her physical health. In other words, people who are constantly worrying and struggling the
incapacity and limited resources to provide themselves food, clothing, housing, health care, and
transportation are considered in poverty.
U.S. Government Official Measure: Following the Office of Management and Budget 's (OMB)
Statistical Policy Directive 14, the Census Bureau now determines who is in poverty by issuing a
poverty threshold. To classify whether an individual or a family is in poverty, the Census Bureau
compares a person's family total pre–tax cash income from all sources such as earning, interest, and
cash welfare with the Social Security Administration threshold that was set at three times the cost of
a minimum food diet in 1963. An individual or a family would be considered in poverty if the total
pre–tax cash income is below the assigned threshold from an array of 48 thresholds. The poverty
threshold is updated annually by using the Consumer Price Index (CPI) for price inflation. The
thresholds vary by family size and the age of members, but do not vary geographically (National
Research Council).
The Census Bureau uses the quantitative self–report data to estimate an individual or a family total
income and calculate the poverty rate. The Census Bureau conducts two

Francisco Perón's Breaches
Without trade, he basically took away many of the potential buyers of their once flourishing export
commodities. Another of Perón's breaches of the ten principles of economics is governments can
sometimes improve market outcomes; when the government seized public lands along with price
and wage restrictions, these actions caused a tremendous imbalance of the invisible hand of supply
and demand in their markets. It is critical that a government enforces property rights, so that a
"person can own and control scarce resources" (Mankiw, 2015, p. 12). It is unfortunate that a once
powerful and economically stable country like Argentina lost its power and standard of living due to
misuse and frankly, abuse of socialized programs.
Denmark and ... Show more content on Helpwriting.net ...
GDP is used to measure the market value of a country's goods and services over a specific time
period. The GDP is made up of four components: Consumption, investment, government purchases
and net exports (exports – imports). There are a few portions of GDP directly related to socialism.
The first, and most obvious, is government purchases. In a socialist society, the government would
control much of a country's social services like welfare, social security, etc. These social services
would be paid for by collecting tax from peoples, products, and services within a country. Many of
the social services provided and paid for are not considered part of the GDP, instead they are
considered transfer payments, because social program payments are not made for a good or service
being produced by a country. From a macroeconomic viewpoint transfer payments are like negative
taxes to the GDP (Mankiw, 2015, p. 202); therefore, increasing the social services within a country
would reduce a country's GDP. Another issue to discuss regarding socialism is state funded
education. A teacher's salary is considered government expenses in the GDP; however, the price of
state funded education would be considered a social tax and therefore a transfer payment. Although
the initial cost of funding education may be a drain on the GDP, in the long run the production
gained from more people receiving post high school education would hopefully counter any of the
negative costs to GDP and actually be a gain from the increased goods and

Inflation Is The Rate Of Increase For Goods And Services
Inflation is the rate of increase in prices for goods and services. A rise in inflation decreases the
purchasing power of money, meaning consumers would have to pay more for a product than they
would have had to a year earlier. It is widely accepted that there are two types of inflation, demand–
pull inflation and cost–push inflation. Demand–pull inflation is triggered by demand surpassing the
economy's ability to produce those goods and services required to satisfy demand. Cost–push
inflation occurs when prices increase due to a rise in production costs. This leads to a fall in
aggregate supply meaning a rise in the price of goods and services. (Boundless).The government
believes it is vital to have low inflation and the target has been 2% for many years. Inflation
influences other key economic policies such as employment, the interest rate and exchange rate.
(BBC business). Inflation is measure by the Office for National Statistics, there are two methods of
measuring Inflation, consumer price index (CPI) and retail price Index (RPI), the primary objective
of each method is to calculate the changes in the price of products in a basket. Both have over 700
items assigned to their basket, what differentiates both is that the RPI basket also includes housing
costs such council tax, mortgage interest payments as well as state benefits and pensions (The
Telegraph). The basket is updated annually, items are brought in or taken out depending on
consumer spending patterns, this is to

The RCA Balassa Index: A Comparative Advantage In...
To estimate a country's comparative advantage or comparative disadvantage in commodities,
industries or sectors many researchers uses standard approach or methodology for RCA index.
Theoretically, we can measure comparative advantage in requisites of relative prices, when there is
no trade. In accordance with Ricardian theory, comparative advantage happens due to technological
dissimilarities across nations, whereas the H–O theory considers cost dissimilarities occurs due to
differences in factor prices across countries, assuming constant technology. Hence, we summarize
that trade theories in the classical framework are based on pre–trade relative price differentiations
across countries. Although measuring comparative advantage through H–O ... Show more content
on Helpwriting.net ...
Balassa (1965) considered a comprehensive measure that is widely accepted in literature. The RCA
Balassa index is expressed as following.
RCA2 (Balassa Index) = (Xij / Xin) / (Xwj / Xwn)
Where Xij is the export of country i, for, j commodity and n is a set of all exported commodities of
country i, while Xwj represents the export of world for same commodity j and Xwn is a world
export of all n commodities. According to the results of this index if RCA2 >1 then a country has a
comparative advantage, if RCA2<1 then a country has a comparative disadvantage in that
commodity or industry.
Another RCA by Balassa explains Net Export Ratio (NER) takes into account the possibility of
imports and exports simultaneously but it checks trade performance its own not with any reference
country or rest of the world. This index is shown as following.
RCA3 (NER) = (Xij / Mij) / (Xij / Mij)
This index ranges from –1 to +1 and in the case of Xij = 0 there will be revealed comparative
disadvantage but if Mij = 0 there will comparative advantage. However, zero value creates
ambiguity (Greenaway and Milner, 1993). Another version derived from the Balassa index captures
the effect of imports and this index can be written as

Inflation In The Movie Inflation
Inflation is one of the horrendous nightmares of any person who belongs to a middle class family.
The depiction of the protagonist in the movie clearly shows how his family fights tooth and nail to
survive in the phase of price augmentation of essential food commodities. But to his despair, the
time arrives when the protagonist has to have an alternative to feed his family. His usage of
Government's interest free loan for commencement of business, to purchase ration for 3 years for his
family clearly shows their dire need of ration for their survival. It had not been possible, if their
incomes would have remained stagnant.
Hoarding–Cause or effect of Inflation
The movie has shown that the protagonist is compelled to stock up food items in order to face the
rise in prices. The movie shows that the protagonist, in order to fight with the rapid increase in
prices come up with the idea of stocking up of food commodities for the period of 3 years. But,
whether this practice would curb the problem of further increase in prices remains a matter of
skepticism.
Victims of Inflation vis–à–vis causers of inflation
One of the major reasons for hoarding of commodities is that the prices of that particular commodity
are expected to rise in future. In other words, ... Show more content on Helpwriting.net ...
This can also be termed as black marketing, effect of which has been showed in the movie by people
gathering to discuss about the same. In the movie, although the protagonist hoards in order to
consume the food commodities for 3 years instead of selling them at a higher price in the future. The
economy would not be unaffected as shown above. The law, in India, regulates and punishes only
traders who are indulged in the act of hoarding but doesn't seem to encompass consumers into it
which is why the consumers stock up the products by speculating about their

Additional Mathematics Project Work 2013
ACKNOWLEDGEMENT
First and foremost, I would like to thank my Additional Mathematics teacher, Puan Siti Rafida Bt.
Md Rejab as she gives us important guidance and commitment during this project work. She has
been a very supportive figure throughout the whole project. I also would like to give thanks to all
my friends for helping me and always supporting me while completing this project work. They have
done a great job at surveying various shops and sharing information with other people including me.
Without them this project would never have had its conclusion. For their strong support, I would
like to express my gratitude to my beloved parents Kamruldzaman b. Said and Mazlina bt.
Muhammad for supplying ... Show more content on Helpwriting.net ...
Index numbers are statistical measures designed to show changes in a variable or group of related
variables with respect to time, geographic location or other characteristics such as income,
profession, etc. A collection of index numbers for different years, locations, etc., is sometimes called
an index series. A simple index number is a number that measures a relative change in a single
variable with respect to a base. A composite index number is a number that measures an average
relative changes in a group of relative variables with respect to a base.
Arthur L. Bowley : The founding father of modern statistics
Arthur L. Bowley : The founding father of modern statistics
PART 1
(a) Describe in brief (i) Price Index
Answer:
* An index number expressing the level of a group of commodity prices relative to the level of the
prices of the same commodities during an arbitrarily chosen base period and used to indicate
changes in the level of prices from one period to another.
(ii) Weightage
Answer: * The assignment of a quota (as of members of a legislature) to a particular segment of the
population as a special favor or concession in a proportion above that allowable on a strictly
numerical basis.
(iii) Composite index

Answer: * A grouping of equities, indexes or other factors combined in a standardized way,
providing a useful statistical measure of overall market or sector performance

Will Social Security Exist In The Future
There are a lot of opinions on how or even if social security will exist in the future. In past years,
leading to today there have been many issues, causing everyone to worry about the future funding of
social security. The federal government needs to make changes on how social security is being
handled before it is to late and no retirees will be getting social security benefits. Below I discuss
several options that have been proposed to help the Social Security Trust Fund to get back to being
stable.
Every passing year, the amount of taxes we are paying for social security will not be able to cover a
lot of benefits and it will keep diminishing if nothing is done. The cash flow deficit from social
security also contributes to the public debt, due to the fact that the tax revenues will not be enough
to cover the expense. In the past when social security has an excess of cash flow, the federal
government would use the surplus for other federal spending, so in return it would credit the Social
security trust fund by issuing special government securities. The more debit the federal government
piles up, the worst the social security benefits will be for the current as well as the future retirees.
The unfunded liability for social security will just keep growing, and getting worse if something is
not done. One of the options that have been discussed, which can make a difference, is fixing the
cost–of–living adjustment (COLA). The COLA is based on an obsolete measure of

The Bear Minimum
Statement of Facts
Big Bear Power is a public utility company that leases a combustion turbine from Goliath Co for a
10–year non–cancelable term. The lease agreement is signed on December 15, 2004 and Big Bear's
right to use the turbine begins on January 1, 2005. They have the following three transactions that
need to be analyzed under ASC 840, Accounting for Leases, to determine whether costs or potential
costs associated with the provision should be included in minimum lease payments: 1. Fees paid in
connection with negotiating lease agreement and legal fees. Big Bear pays Stipe, Berry, Mills and
Buck LLP, its external legal counsel $500,000 in connection with negotiating the lease agreement
and $1,000,000 of legal fees incurred by ... Show more content on Helpwriting.net ...
The predefined criteria needed for Big Bear would be the clarification of what a "material adverse
change" in their financial statements would entail. However, the loan documents do not clarify this
information and thus Big Bear does not meet this condition. iv. The fourth and final condition states,
"it is reasonable to assume, based on...that the event of default will not occur. In applying this
condition, it is..." (ASC–840–10–25–14–d). Big Bear believes that the likelihood of default is
remote.
Big Bear has failed to meet condition number three and therefore the maximum amount that they
could be required to pay under the default covenant shall be included in minimum lease payments.
3. Big Bear will pay the minimum lease payments of the $1 million that is increased by the
Consumer Price Index of 4%. e. ASC 840–10–25–4 states "lease payments that depend on an
existing index or rate, such as the consumer price index or the prime interest rate, shall be included
in minimum lease payments based on the index or rate existing at lease inception..." It then goes on
to say that any increases in the payments from the previous year are contingent rentals and affects
the determination of income accruable. We can conclude that the 4% increase in the Consumer Price
Index shall be included. f. ASC 840–10–55–39 provides an example of how the

Measuring the Cost of Living
Chapter 24
Introduction
1931 – Year of Great Depression in the USA. But in spite of this fact some people contrived to earn
$80 000, it was famous baseball player Babe Ruth. Even the President Herberd Hoover had a lesser
salary of $75 000. When Ruth was asked if he thought it was right that his salary was higher than
President's he replied that he had a better year.
Year of 2007 describes a different picture. The average baseball player gets paid $4.8 million. We
consider the fact that the cost of living, products and services has grown in recent decades. But it
does not give us any explanation if Babe Ruth had a better standard of living than the average
baseball player now, because prices for goods ... Show more content on Helpwriting.net ...
For example one year pizza Margarita costs $10 and pizza Pepperoni costs $12, consumers will buy
more Margarita then Pepperoni. But the next year the price of pizza Margarita rises and Pepperoni's
price falls, in this way consumers will buy chipper pizza. But when computing CPI the number of
goods is fixed and in this way the index will show rise of the cost of living, but in reality the
increase is lower.
Introduction of new goods – since consumer have the variety of goods to buy every dollar becomes
more valuable. In reality introduction of new goods causes a decrease of the cost of living, but CPI
overstates real changes in the cost of living.
Unmeasured quality change – some types of goods and services improve their quality over time,
what increases its price. It is difficult to measure quality of the good or service that is why CPI is
overstated, because economists try to adjust the price to its quality.
The GDP Deflator versus the Consumer Price Index
Two measures of inflation – the GDP Deflator and CPI are usually move together, as it is shown on
the graph (http://www.ritholtz.com/blog/2008/08/variation–on–the–gdpinflation–chart/) below. The
GDP Deflator reflects goods and services produced within the country and CPI reflects goods and
services consumed within a country.
The CPI increases if price of any imported good rises, but it happens vice versa with GDP Deflator.
We can see it on the example of imported oil. When the price of oil raises the

The Committee Of Public Information (CPI)
The Committee of Public Information (CPI)
The Committee on Public Information was established in 1917 to coordinate propaganda during
World War I. The CPI was headed by George Creel; the organization is also referred to as the Creel
Committee. The CPI provided propaganda to rally the support of American citizens for all aspects of
the war effort during World War 1. One of the main goals of the CPI is to mobilize public opinion
and generate public support for the war. The CPI goal was to influence public opinion to support the
United States participation in World War I. The CPI made use of posters, pamphlets, magazines,
billboards, movies, photographs, public speakers etc. The executive members of this committee
were important members of the ... Show more content on Helpwriting.net ...
Brenneman stated that "The OWI was established to promote an ideal of patriotism among
Americans, and it subsequently injected propaganda into the everyday life of the American." (pg.
20). In class, we discussed that the OWI was responsible for the control and coordination of the
dissemination of war–related information, media, and entertainment during the war. The OWI on
orders from President Roosevelt was tasked to use the press, radio and motion pictures to: enhance
public understanding of the war through education and spreading of information; coordinate the
war–information activities of all federal agencies; and act as an intermediary between federal
agencies and media industries. Hollywood was getting increasingly popular during this time,
President Roosevelt believed that one of the most effective ways to directly reach out to the
American people was through movies and films. With this realization, the office of war information
had a tremendous influence on the messages that were being presented in the movies that were
produced in Hollywood at that time. The OWI was aimed at generating media coverage on the
progress of the war effort for both domestic and international audiences (Schwartz, 2015). The
Bureau of Motion pictures is a department under OWI that served as an advisor to Hollywood. It
strategized

Culture Of The Lincoln Electric Company
Written Assignment Unit 3
Culture of the Lincoln Electric Company The company culture of Lincoln Electric is one of
teamwork, support and innovation. After reading and reviewing the case study done on Lincoln
Electric by Arthur Sharplin of McNeese State University, I have come away with a better
understanding of how the company has become the role model for management world–wide.
Many different programs have been incorporated into the company that insures morale and
productivity levels remain high. Among these include end of year bonuses, good merit rewards, and
great benefits, all of which we go into detail later on.
How this culture came to be in the Lincoln Company begins with the founder's values and
principles. When James Lincoln ... Show more content on Helpwriting.net ...
If it did control our acts, the savings in cost of distribution would be tremendous. Advertising would
be a contact of the expert consultant with the customer, in order to give the customer the best
product available when all of the customer 's needs are considered. Competition then would be in
improving the quality of products and increasing efficiency in producing and distributing them; not
in deception, as is now too customary. Pricing would reflect efficiency of production; it would not
be selling a dodge that the customer may well be sorry he accepted. It would be proper for all
concerned and rewarding for the ability used in producing the product." (Lincoln, 1961)
It is said that early company values exert influence over future company values. This is true in the
case of Lincoln electric. As stated earlier, many programs have been incorporated into the business
to aid employees. The first year the advisory board was put into place, the work week went from 55
to 50 hours. In 1915, the company gave each employee a life insurance policy. In 1917, a welding
school was created which still continues today. In 1918, a bonus plan was put into action on trial
basis. It was removed and then reinserted later and became a strong point of Lincoln's management
system. In 1919, Lincoln created the "Employee Assocation" to provide health benefits and social
activities for employees. By 1923, employees were given two weeks paid vacation

Compare Laspeyres And Price Index
Laspayres Price Index vs. Fischer Price Index: Biases and how economists go around it.
The price index, sometimes referred as cost–of–living index used data of prices and quantity of
goods consumed to calculate and compared change in price overtime. The key is to find the amount
of spendings that could maintain the same welfare.(First) In Laspeyres price index, the fixed basket
of goods is used to keep consumer welfare constant.(BLS) However, the fixed basket experiences
several biases and overstates the rise in prices about 0.2 to 0.25 percentage points per year when
compared with other superative index that adjust basket while trying to maintain similar welfare to
consumer. The examples of the indexes are Fisher ideal price index or Tornqvist ... Show more
content on Helpwriting.net ...
For some goods, the hedonic regression is used to estimate quality bias.(BLS) It estimates the price–
quality relationship by using characteristics of goods as coefficient to determine price. This would
be ideal way to measure under perfect competition where everyone is a price taker and price
determines cost and value of quality.(first) However, in the real world, hedonic regression suggests
prices are determined by demand, cost and competitive interaction(marketing). With suppliers are
price setter and newer versions of goods have mark ups, the hedonic regression becomes
problematic. According to (first), he purposed the measurement of quality bias should be done from
demand curve constructed by price quantity and elasticity data. The estimation of price increase that
could still offered same quantity traded in the market or same utility to consumer will be the better

The Theory Of Regression Results
DESCRPTION OF REGRESSION RESULTS
In order to empirically examine the extent to which changes in price causes changes in broiler
(chicken) consumption, time–series data was collected on 40 observations extending from 1960 to
1999 on nine explanatory variables in total. I regressed this data using an Ordinary–Least Squares
(OLS) approach. The main explanatory variable used for my analysis was the consumer price index
(CPI) for whole fresh chicken with the base years denoted as the 1982 to 1984 time period. The
econometric model for my regression analysis is listed below:
Broiler Consumption = a+β_(1 ) (CPI of broilers)+ β_2 (income)+ β_3 (population)+β_(4 ) (CPI for
beef)+β_(5 ) (PPI for corn)+ β_(6 ) (NPI for broiler feed)+β_7 (CPI)+β_8 (AP of Broilers)+β_9
(population)+β_(10 ) (exports of beef,veal and pork)+ ε
Data regarding my dependent variable was originally collected as pounds consumed per capita.
However, I multiplied the per capita broiler consumption data by 100,000 to obtain broiler
consumption in pounds per 100,000 people. In this way, I was able to obtain a larger coefficient on a
few of the variables, which allowed for a more suitable display and discussion of the results in the
paper. Further, the objective of this analysis was to explain to what extent price of broilers (CPI on
whole fresh chicken) impacts broiler consumption in pounds. Specifically, the coefficients on the
explanatory variables illustrate their respective effects on the number

South Delaware Coors, Inc Essay
Case # 4
South Delaware Coors, Inc.
10/28/2008
Problem Statement
Which research studies should Larry ask Mason and Associates to complete? Upon consideration of
the research study results, is this new business venture a go?
Alternatives
Larry has several different options to choose from with respect to research studies that can be
completed. As long as he stays at or under his $15,000 budget he can request that any combination
of studies be completed by Mason and Associates. Larry was presented with 9 different research
studies that may be of assistance to him in deciding whether or not this truly is a 'golden'
opportunity.
The second part of the problem statement requires only two alternatives: To go ahead ... Show more
A price estimate of a 6–pack of bottle Coors beer today is $5.59, and using the Consumer Price
Index for 1990 it was determined that a 6–pack of bottle Coors cost approximately $3.43 (see
Appendix A–2). Using Study F Cost of Goods Sold is 77.1% of sales. The contribution margin was
then calculated as 22.9%. Fixed costs summed up to be about $250,000 including salaries,
equipment & land depreciation, utilities, insurance, taxes, maintenance and janitorial services, and
other miscellaneous expenses. Break–even Sales computed from the aforementioned figures turns
out to be $1,211,790.39 (see Appendix A–4). Variable Costs per unit were determined using the
contribution margin and price variables, and the result came to $2.65 (see Appendix A–4). Break–
even quantity then was calculated at around 320,513 units, or gallons in 1990 (see Appendix A–5). A
6–pack of bottle beers holds approximately 72 fluid ounces, this makes up about 0.5625 gallons
resulting in a price of roughly $5.35 per gallon (see Appendix A–6). Projected demand of beer in
1990 in South Delaware is about 5,400,397 (see Appendix A–1) and the Coors estimated market
share of this demand according to Study C is 8.9% which computes to 480,635 gallons, therefore
projected sales of Coors in the 2 county South Delaware distribution area is around $2,573,404.10 in
1990 (see Appendix A–7). The break–even market share of Coors in the 2 county distribution area of

Cost Of Living Adjustment. Students Name:. Institutional
Cost of Living Adjustment
Students Name:
Institutional Affiliation:
Cost of living refers to the cost of maintaining a specific standard of living. Cost of living is a
changing life–element over time and is normally interpreted in the form of cost of living index.
Calculations pertaining cost of living are used in making comparisons between varying standards of
living distributed within different geographic regions. Purchasing power parity rates provides a
suitable solution towards finding accurate differences in cost of living between different locations.
The purpose of COLA is to ensure that the purchasing power accorded by the social security and
supplementary security income (SSI) does not get scrapped off by the inflation ... Show more
Most of pension benefits, employment contracts, and government entitlement are entitled to Cost of
Living Adjustments (COLA) clause which is responsible for increasing payments based on changes
in the cost–of–living index (CPI) (Whittaker and Wayne, 2016). COLA interferes with the payments
and is also tied to the cost–of–living–index that normally vary based on geographic location of the
employee (Whittaker and Wayne, 2016).
Consumer price index is a crucial entity that influences cost of living adjustment. It is responsible in
measuring the changes that occur in the price level of the market basket of both consumer goods and
services normally purchased by households (Mulvey & Gengler, 2014). Market basket refers to the
fixed list of items that is involved in tracking the progress of inflation in a given economy or
specific market. Market basket is also regarded as a commodity bundle. Consumer Price Index is
dependent of the fluctuations which occur in the prices of the goods specified and involved in
market basket (Mulvey & Gengler, 2014). These sample of goods and services are intelligently
selected from the market for accurate market judgements when measuring the consumer price index.
Normally, the goods involved in these judgmental practices are the frequently bought items and
household goods. Close observations are

Economic Factors Affecting Chinese Production From The...
3D Printing China
This is a study about economic factors affecting Chinese production from the imputation of 3D
printing. 3D printing or additive manufacturing is the process of making a physical object from a
three–dimensional digital model, typically by laying down many successive thin layers of a material
such as plastic. Increasing application of 3D printing particularly in consumer goods is expected to
drive market growth over the next few years. Additionally, declining costs of 3D printers and 3D
printing materials is expected to play an important role in the growth of the market over the next few
years. Furthermore, growing demand for 3D printed objects from the healthcare and military sectors
is expected to positively influence the growth of the market during the forecast period. THESIS. 3D
Printing will have slow growth in the Chinese economy. Production in china is heavily invested in
mass production, currently 3D printing is limited in its ability to mass produce. Traditional
production and robotic production are still more effective at mass producing. However, 3D printing
will have impact in the Chinese economy where custom production thrives.
3d printing
3D printing can be used for both personal as well as commercial applications. Commercial
applications accounted for over 90% of the market revenue. Polyjet was the widely used technology
and accounted for around 40% of the market revenue share. Polyjet are expected to be the fastest
growing technologies within

Wal Mart 's Growth Of The United States ' Market Essay
Wal–Mart 's growth in the United States' market has sparked increasing debate about the economic
impact of its expansion. As a contribution to this debate, Wal–Mart commissioned Global Insight to
undertake an independent research effort to analyze this issue. The goal of this research was to
independently and credibly document the national– and local–area impacts in terms of jobs, wages,
prices and consumer.
Wal–Mart is largest retail store in the United States. Even though, Wal–Mart is ranked number one
on fortune 500 list. There still is a need for new marketing strategy and ideas to remain at top
position as a market leader. The company aim to maintain market position by brainstorming and
finding ways to attract potential new customers.
Wal–Mart need to target external market and change marketing objectives to attract different market
segment. Wal–Mart use comprehensive research and creative strategies to reach thousands of target
markets. It measures and interpret data to gain insight of custom behavior and needs. Wal–Mart
strive to grow membership based and communicate along with explanation of membership types,
benefits and programs.
In the past, the company has been associated with middle or low class earners. Affluent customers
tend not to shop for produce or meat because of misconception that Wal–Mart products are low
quality. Most affluent customers shop at grocery stores or pharmaceuticals. In 2006, the store
stocked wide range of

Cost of Living
Overview:
Last time we discussed the most important measure of economic well–being – real, per capita GDP.
Further, if we want to see how our economic well–being is changing over time, we can calculate
how real GDP is changing in percentage terms (for example, real GDP grew 4% last quarter).
Now, we turn our attention to another important measure of the economy.
We want to measure how the cost of living changes over time.
The main intuition here is that, over time, peoples' incomes and the prices of goods and services
increase. 30 years ago an ice cream sundae cost $1 and a typical economics professor earned
$35,000. Now, a (bad) ice cream sundae costs $4.50 and a typical economics professor ... Show
more content on Helpwriting.net ...
We have to figure out what a "typical" consumer buys. Imagine a shopping cart – you fill it up with
items that a typical consumer will purchase.
Step 2: Find the prices:
Now that we have our basket, we can track prices on the items in the cart and see how much it all
costs.
Step 3: Compute the cost of the basket:
Let's determine the cost of the basket from year to year
Step 4: Choose a base year, and compute the index:
Pick a year to serve as a benchmark – a comparison basket cost for all other years. We then can use
the cost in benchmark year (called a "base year") relative to the cost of the cart in the year we are
interested in to calculate a cost if living index.
Step 5: Compute the inflation rate:

This is easy: just calculate how the index changes from year to year in percentage terms.
To see these steps in action, consider the following example (from the textbook):
Step 1: Fix the basket:
Well, suppose that what we see consumers typically buying are 4 hot dogs and 2 hamburgers – that
is what is in their shopping cart...
Step 2: Find the price of each good in each year:
This is just observing prices every year...
Year: Price of hot dogs: Price of hamburgers:
2001 $1 $2
2002: $2 $3
2003: $3 $4
Step 3: Compute the cost of the basket in each year:
Let's see how much the stuff in the cart costs from year to year...
Year: Cost of basket:

Case 1 Essay examples
Case 1: The Springfield Nor'easters:
Maximizing Revenues in the Minor Leagues
Q1. Review the case details Exhibit 5 "Survey Questionnaire and Response Distributions" and
Exhibit 6 "Buckingham's pricing matrix worksheet." Complete filling in the pricing matrix
worksheet for Exhibit 6 as taking the role of Larry Buckingham.
The Table 1 illustrates Larry Buckingham's price matrix.
Table 1: Larry Buckingham's price matrix
Ticket Type
$ Per Ticket
2
4
6
8
10
12
14
Single Ticket
0%
2%
5%
13%
31%
27%
22%
5–game Ticket
1%
2%
3%
19%
36%
34%
5%

20–game Ticket
1%
7%
23%
28%
25%
15%
1%
38–game Ticket
18%
26%
20%
14%
11%
10%
1%
Q2. Given the survey's results, design a ... Show more content on Helpwriting.net ...
Hence, the weighted average dollars spent on concessions is $8.55. Another constrain is
Buckingham must receive a no less than 39% profit margin from the concessions operation. Next,
the identification of total concessions revenue is to use the actual number of people will attend a
certain match, also take the example of the price segment $8, 5,550 audience will actual go, times
the weighted average concessions expenditure ($8.555), and multiples the 39% profit margin, so the
revenue from concessions is $92,591 for the price level $10.
The last stage is to sum the revenue from ticket sales and concessions ($321,469), which is the total
revenue if you set the 5–game ticket at $8. In Exhibit 4, the bat chart directly demonstrates the
different revenue based on different price segment. The optimal price for 5–game ticket should be
set at $8, which could bring the largest revenue compared with other price segments.
The same logic could also be applied to other ticket types. So, again, our bleacher seat price scheme
is (10% more grandstand seat): One–game Ticket: $10 per game
5–game Ticket: $8 per game (package ticker price $40)
2. Revenue Analysis
Because Larry Buckingham is going to determine the pricing scheme for the Springfield Nor'easters'
first season, so the priority for him is

The Consumer Price Index ( Cpi ) Essay
Chapter 7 and 8 from "A Guide to Everyday Economic Statistics" explains the value of prices,
money, and interest rates alongside the value of stock prices and international trade. As a result, we
will be able to grasp the concept of how the Consumer Price Index (CPI), how to use an estimate the
inflation from the CPI, Producer Price Index (PPI), prime rate and how to measure the Dow Jones
Industrial Average (DJIA) and international value of the dollar in the stock market.
Introduction
The Bureau of Labor Statistics (BLS) of the U.S. Department of releases the statistics of every part
of that consist of prices, money and interest rates. The BLS produces a cost or living index on a
monthly bases with the understanding of what CPI would produce. Therefore, BLS publicizes the
measure the change between the producer and the first producer of the purchaser by the PPI.
Although, BLS release statistic on CPI and PPI, DJIA measure the stock market performances. The
international value of the dollar referred to the issue of purchase power in terms of other currencies.
Application
Consumer Price Index. A measure used for estimation of price changes in the market basket of
goods and services representative of consumption expenditure, CPI is not part of the cost–of–living
index, however, it is based on prices of food, clothing, shelter, fuels, transportation fares, charges for
services, drugs, and other goods and services that people buy for day–to–day living. Consumer Price

Consumer Price Index
Consumer Price Index
EC 601 – Fall 2010
December 3, 2010
Consumer Price Index (CPI) According to Mankiw the Consumer Price Index is a measure of the
overall cost of the goods and services bought by a typical consumer. The Department of Labor's
subordinate branch the Bureau of Labor who is in charge of providing the Consumer Price Index of
states that the Consumer Price Index (CPI) is a measure of the average change over time in the
prices paid by urban consumers for a "market basket" of consumer goods and services. Some
background into how the Consumer Price Index came about. The Consumer Price Index was
initiated during World War I, when rapid increases in prices, particularly in shipbuilding centers,
made an index ... Show more content on Helpwriting.net ...
If a consumer buys one product over another because of a price hike in the first product, chain–
weighted figures will capture this buying shift, while Core CPI will not (Barnes, n.d.). Core CPI will
continue measuring the price of the good as it rises, regardless of whether fewer people are
purchasing the product (Barnes, n.d.). The CPI represents all goods and services purchased for
consumption by the reference population (U or W) BLS has classified all expenditure items into
more than 200 categories, arranged into eight major groups ("Consumer price index," 2010). Major
groups and examples of categories in each are as follows: FOOD AND BEVERAGES (breakfast
cereal, milk, coffee, chicken, wine, full service meals, snacks) HOUSING (rent of primary
residence, owners' equivalent rent, fuel oil, bedroom furniture) APPAREL (men's shirts and
sweaters, women's dresses, jewelry) TRANSPORTATION (new vehicles, airline fares, gasoline,
motor vehicle insurance) MEDICAL CARE (prescription drugs and medical supplies, physicians'
services, eyeglasses and eye care, hospital services) RECREATION (televisions, toys, pets and pet
products, sports equipment, admissions); EDUCATION AND COMMUNICATION (college tuition,
postage, telephone services, computer software and accessories); OTHER GOODS AND
SERVICES (tobacco and smoking products, haircuts and

Walmart : Is It The Dependent Variable For Our Model?
Variables Walmart revenue: This is the dependent variable for our model. It is the variable that we
tried to explain using the independent variables discussed below. Competition: There are few direct
competitors of Walmart like Costco. This is because most companies cannot beat the price that
Walmart offers its consumers. As a big box retailer, Walmart uses its size coupled with effective
supply chain management to acquire its supplies at a highly discounted price. This enables to charge
very little for its consumer goods, thereby attracting a lot of consumers. Nevertheless, stores like
Costco are able to compete with Walmart. The more customers Walmart loses to Costco, the lower
its revenue. Therefore, we expect a negative relationship between competition and revenue.
Consumer debt: When consumers have high levels of debt, they cut back on their spending in order
to pay off their debt. This can positively or negatively impact the revenue company depending on its
product or service. In the case of Walmart, high consumer debt levels will negatively impact its
revenue as consumers will cut back on their credit card use. We expect a negative relationship
between consumer debt and revenue. Consumer confidence: This refers to consumers believe about
the condition of the economy. When consumers believe that the economy is strong and stable, they
are less conservative with their funds. They save less and spend more on consumer goods, which
translates to revenue for retail stores

Supply and Demand and Price Essay
1. Name two types of market failure. Explain why each may cause market outcomes to be
inefficient.
Market Power– In some markets, a single buyer or seller may be able to control the market prices.
Market Power can cause inefficiency because it keeps the price and quantity away from the
equilibrium of supply and demand.
Externalities– The impact of one person's actions on the well–being of a bystander. Since buyers and
sellers do not consider these side effects when deciding how much to consume and produce, the
equilibrium in a market can be inefficient from the standpoint of society as a whole.
2. What happens to consumer and producer surplus when the sale of a good is taxed? How does the
change in consumer and producer surplus ... Show more content on Helpwriting.net ...
This is because people will continue demanding/buying the product. No matter how expensive bread
may become, people will still rely on it as a necessary staple of survival. On the other side of the
coin, when demand is more elastic, the deadweight loss will be greater since the demand curve is
flatter. The less people rely on a service/product the more likely they will be to forfeit its usage.
4. What does the domestic price that prevails without international trade tell us about a nation's
comparative advantage?
The effects of free trade can be determined by comparing the domestic price without trade to the
world price. A low domestic price indicates that the country has a comparative advantage in
producing that good and that the country will become an exporter. A high domestic price indicates
that the world has a comparative advantage and that the country will become an importer. When a
country becomes an exporter, producers are better off than consumers. When a country becomes an
importer, consumers are stronger than producers. In both situations, the gains from the trade exceed
the losses.
5. What is the difference between the unilateral and multilateral approaches to achieving free trade?
Give an example of each.
Unilateral trade agreement would be any agreement that is imposed on one national by another, and
benefits one

Goods Sold And Sold By Uk Manufacturers
Ichanges of goods bought and sold by UK manufacturers. The survey collects information to
develop the output price index, sometimes referred to as factory gate prices, which measures prices
of goods sold by UK manufacturers. Furthermore, it also collects information for the Input index
which measures the prices of materials and fuel purchased by manufacturers. In addition, there are a
number of export and import price indices available. Finally, the Services Producer Price Index
(SPPI) is a quarterly survey of prices charged for services provided by UK businesses to other UK
businesses and government.
These examples illustrate the point that in all countries, multiple price measures exist and have a
useful role. At the same time, the presence of multiple measures does not undermine the conduct of
macroeconomic policy.
On the issue of a large and diverse population also, India is not unique. As an example, the US has
substantial domestic heterogeneity, with greater income inequality than is found in India. This has
not undermined the notion of an overall average measure of inflation. A more striking counter–
example is that of the European Central Bank (ECB), which has the mandate of delivering price
stability for a group of 14 countries with a population adding up to 320 million featuring substantial
regional diversity.
While these differences may be present, there is still much value in viewing an overall average
measure of inflation as one of the key summary statistics

Pros And Cons Of Commodity Markets
1. Commodity Trading
Commodity Market
Commodity market is a place where trading in commodities takes place. These are the markets
where raw and primary products are exchanged.
These raw commodities are traded on regulated commodity exchanges, in which they are bought
and sold in standardized contracts. It is similar to an equity market, but instead of buying or selling
shares one buys or sells commodities.
Categories of trading commodities
Energy (including crude oil, heating oil, natural gas and gasoline)
Metals (including gold, silver, platinum and copper)
Livestock and Meat (including lean hogs, pork bellies, live cattle and feeder cattle)
Agricultural (including corn, soybeans, wheat, rice, cocoa, coffee, cotton and sugar)
How to trade in commodities
(i) Commodity Futures
A standardized agreement to buy (or sell) an asset in the future, at a price ... Show more content on
Helpwriting.net ...
Commodity Derivatives: An Introduction
Commodity derivatives markets have been in presence for a considerable length of time, driven by
the endeavors of producers, users and speculators(investors) to deal with their business and financial
risks.
Producers need to deal with the exposure to changes in the prices they get for their commodities.
They are generally centered around accomplishing the same impact as fixed prices on contracts to
offer their produce.
End–users want and need to fence the costs at which they can buy commodities. A clinic framework
might need to alter the cost at which it buys power for air conditioning during the summer. An
aircraft needs to secure in the cost of the jet fuel it needs to buy in order to manage the peak season
demand.

In the meantime, investors and financial intermediaries can either buy or sell commodities using
derivatives. They put capital that is crucial to encouraging the business of the producer and of the
end–user. They stand prepared to execute with these market participants; without them, producers
and end–users couldn't fence their

The Organizational Culture Of The Lincoln Electric Company
After analyzing the story of Lincoln Electric Company I've come to the Conclusion that their
organizational culture they practicing is People–oriented culture. Because the company values
fairness, supportiveness and they respect individual rights. There is a greater emphasis on
expectation of treating people with respect and dignity.
All the founders of the company had a great deal of continues influence on the positioning of the
company today, form John C. Lincoln to James F. Lincoln. John C. Lincoln started it all and James
F. Lincoln, who is the younger brother of John, took over the company to another level. One of
James Lincoln 's early actions as head of the firm was to ask the employees to elect representatives
to a committee that would advise him on company operations. The Advisory Board has met with the
chief executive officer twice monthly since that time. This was only the first of a series of
innovative personnel policies that have, over the years, distinguished Lincoln Electric from its
contemporaries.
The Lincoln Electric Employees ' Association was formed in 1919 to provide health benefits and
social activities. This organization continues today and has assumed several additional functions
over the years. By 1923, a piecework pay system was in effect, employees got two–week paid
vacations each year, and wages were adjusted for changes in the Consumer Price Index.
Approximately 30 percent of
Lincoln 's stock was set aside for key employees in 1914 when James

Theory and Percentage Change Essay
Q.R.1 It is often said that a good theory is one that can be refuted by an empirical, data–oriented
study. Explain why a theory that cannot be evaluated empirically is not a good theory.
Theory, whether in economics or sciences, helps ones predict and succeed in explaining on what
they intend to explain relies on convincing assumptions. However, accuracy and validity of theories
are important as the more accuracy in the theory, the more success in whatever business or science.
Hence, all theories should be tested whether they are practical in the reality. If they are not, we
should develop and modify them so that ones can make good predictions with current circumstance
and match reality, otherwise these theories will be useless. ... Show more content on Helpwriting.net
...
Calculate the real price of butter in 1980 dollars. Has the real price increased/decreased/stayed the
same from 1980 to 2000?
| |1980 |1985 |1990 |1995 |2000 |
|CPI |100 |130.58 |158.56 |184.95 |208.98 |
|Retail price of butter |$1.88 |$2.12 |$1.99 |$1.61 |$2.52 |
|(salted, grade AA, per lb.) | | | | | |
|Real price |$1.88 |$1.62 |$1.26 |$0.87 |$1.21 |
| | | | | | |
Real price of butter in year X

The Reasons For Malaysian Citizens Do Not Like Gst Essay
Discussion : Many of the consumers think GST may have many of negative effect to them because
their must to pay more than the original cost before the government introduces GST in Malaysia.
This is some causes that may the consumer and supplier do not like GST much in Malaysia. First, I
think the reasons why many of Malaysia citizen do not like GST is because general products prices
may go up, so this will increase their daily expenditure budget. Second it will increase the load of
the low –income working group in Malaysia as we know the basis salary in Malaysia is RM800. In
the amount of RM 800, they have pay many of the other cost such as utility expenses, houses or
room rate, vehicle fuel and other thing. So that it make they feel that this burden GST is distress
them. In the same time they was worried if the government increase the GST rate from 6% to 10%
to increase revenue because it is possible for the government increases GST rate to get more revenue
to develop countries or to support the government burden. Next in the beginning of introducing of
GST that has many problems in implementation due to the lack of real understanding of the concept
among GST on the supplier and consumer and to ensure that the supplier does not take any
advantage of the consumer in increase the price of their product. In addition, rumors from outside
also make the Malaysia citizen feel bad to the concept of this GST without check the information is
true or not and without the truly

Reliability Is The Credibility For An Item
Reliability is the credibility for an item with explanation from various perspectives to convince one
to believe. In the twenty first century, the society has transformed into an information age, which
individuals could get access to information through various Medias like internet, magazine and
newspaper. Since Medias is open to all individuals, information could be easily changed or added
within these Medias, which lowers the reliability of the sources. Therefore, lacking of reliability
leads individuals like teachers, students and stakeholders to question the practicability of the
resource especially in human sciences.
In the discipline of economics, consumer price index is used to measure the economic growth of a
country. However, the limitation of consumer price index is that it only measures the consumption
over a period of time, but fails to recognize the standard of living or other factors that indicates the
economic growth in a country. Consequently, shared knowledge is limited as only parts of the index
is examined, which could contrast with personal knowledge, like individuals who live in the
country, might not think the economy in an country has developed. Therefore, the ways of
knowledge of reason and intuition plays a major role indicating how the consumer price index does
not demonstrate reliable qualitative data. Firstly, the reason why the consumer price index is not
effective in demonstrating the economic growth is lacking of pertinence. Since the index

Using A Supply And Demand Framework
) Using a supply and demand framework, examine the impact on the equilibrium price and quantity
of a product (or service) of an increase in the number of consumers in the market. Using a supply
and demand framework, I will examine the impact on the equilibrium price and quantity of a
product (or service) of an increase in the number of consumers in the market. This is due to my
basic knowledge of the fact that when consumers demand for a good or service increases, the
supplier has to increase their output to match requirements of the consumer. Overall this means as
demand increases, so does supply to meet the need of consumers in those specific markets. If there
is an increase in consumers in the market, this means demand has increased leading to the same to
happen with supply. However, the equilibrium price will be affected if there is an increase in
demand (due to the increased consumers). An increase in demand will cause an increase in the
equilibrium price and quantity of a good or service. The increase in demand causes surplus demand
to develop at the initial price of the sellers given price and gradually increase due to the fact that
demand is also increasing, companies will be more obliged to increase the price of there output to
maximise profits. Excess demand will cause the price to rise, and as price rises producers are willing
to sell more, therefore increasing output. For example, during the summer when it is hot, there is an
increase of demand for ice cream

The Case For Investment Into Art And The Development Of...
2.1 Art Index and Methodology The case for investment into art and the development of art indices
has been at the forefront of the evolution of investing into alternative assets. Databases, indices, and
market reports are now essential analytical tools with which art investors can assess financial
performance. Over the past few decades, researchers have used different methodologies to calculate
the financial returns on art investments, based on public auction records.
2.1.1 General Review There are four main methodologies for producing art price indices. Average
prices, geometric means, repeat sales and hedonic regressions. The first significant study was by
Stein (1977), who analyzes the financial return of auctioned paintings in USA and Britain for the
period of 1946–68 by using the average prices methods. Stein considered the auctioned objects each
year as a random sample of the underlying stock of art and constructs an index based on the yearly
average transaction price. Baumol (1986) and Frey and Pommerehne (1989) calculate the geometric
mean return on works that sold at least twice during the considered time frame. Baumol constructs a
data set of transaction prices of the best–known art works from 1652 to 1961 in London by using
geometric mean method. Revisiting Baumol's study, Frey and Pommerehne enlarge the data set by
extending the time period to 1987 and including auction sales from European countries. However,
these two methods do not enable the construction

Bureau Of Statistics
Australian Bureau of Statistics (ABS) (2017a), "An Implementation Plan to Maximise the Use of
Transactions Data in the CPI", Information Paper 6401.0.60.004, Canberra: ABS
Australian Bureau of Statistics (ABS) (2017b), "Consumer Price Index: Concepts, Sources and
Methods. Information Paper 6401.0", Canberra: ABS
Australian Bureau of Statistics (ABS) (2016), "Increasing the Frequency of CPI Expenditure Class
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