Premium Essay

Essay Tin and Sugar

In:

Submitted By Dastyny100
Words 340
Pages 2
PAGE 1 OF 2
Evaluate the case for and against using a buffer stock scheme to stabilise the price of a commodity such as sugar or tin.

A buffer stock scheme is an intervention carried out by the government which aims to limit fluctuations in the price of a commodity. It involves the government and/or local authorities buying these storage stocks and selling them back to the famer. Price stability is indicated by low inflation whereby the value of money is also stable. A buffer stock is an attempt at stabilising the prices of key commodities.

Extract C states that ‘when prices fall governments are more likely to be concerned’ this may be because more people are likely to buy them so the government is more likely to have to buy more from the farmer. The free market usually determine the prices of commodities such as sugar and tin, yet, without intervention, the prices of coffee and sugar have been unstable as Extract A shows a significant increase in the price of coffee in 2008 and sugar in 2005. Should there be a large rise in supply due to better than expected yields at harvest time, the market supply will shift out – putting downward pressure on the free market equilibrium price. In this situation, the intervention agency will have to intervene in the market and buy up the surplus stock to prevent the price from falling. It is easy to see how if the market supply rises faster than demand then the amount of wheat bought into storage will grow. The stable prices help maintain farmers’ incomes and improve the incentive to grow legal crops; this stability enables capital investment in agriculture needed to lift agricultural productivity, as farming has positive externalities it helps to sustain rural communities. The stable prices prevent excess prices for consumers – helping consumer welfare. However, a minimum price legislation may be applicable as it not

Similar Documents

Premium Essay

Luigi Cake

...The White Powder Mystery The purpose of this experiment is to figure out who sabotaged Luigi’s cake with a mystery substance. The way we did this was by testing the multiple mystery powders to see there reactions to vinegar, iodine, and heat. The vinegar tests for the presence of acid, the iodine tests for the presence of starch, and heat to test for burning point. The items needed to complete this lab are a Bunsen burner, tin foil, plastic film, iodine, vinegar, baby powder, baking powder, baking soda, flour, corn starch, and powder sugar. I believe that toad sabotaged Luigi’s cake because no one suspects the toad. 1) You need to gather all the materials. Including mystery substances 1-6 2) Put mystery powder 1 on the plastic film in two piles, and test its reaction to vinegar then to iodine. Repeat this for mystery powders 2-6. 3) Record results 4) Make 6 small bowls out of the tin foil to hold the mystery powders. 5) Connect the Bunsen burner hose. 6) Turn on the gas and light with a striker. 7) Hold the tin foil bowls with the mystery powders in them with tongs, and then move the bowls over the flame for 20 to 30 seconds. 8) Record results Observations Vinegar Iodine Heat A White powder, Blue tint No Fizz No reaction Burned around edges B White powder, fine, clumps together Fizz Reaction Smokes, burns edges C fine powder, clumps Fizz No reaction No heating reaction D clumps, yellow tint, soft No Fizz Reaction Very quick reaction, Flames E very soft, very fine...

Words: 361 - Pages: 2

Premium Essay

Essay

...TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory Join Search Browse Saved Papers Home Page » Social Issues Effect of Food Adulteration on Community Health In: Social Issues Effect of Food Adulteration on Community Health Effect of Food Adulteration on Community Health Health is wealth. People need to be cautious to keep their health well. We are required to take balanced diet and take regular exercise. We also have to maintain the standard of food. Now-a-days foods are being adulterated by mixing inferior but toxic and poisonous chemicals in it. It may also be done by removing some valuable substances from it. Food adulteration is done to degrade the quality and to increase the quantity for maximizing the profit. Every day we watch in the TV news how the unhygienic and spurious foods are entering into our houses. Adulteration of foods has many effects on individuals as well as on the community health. Food adulteration can cause immediate effect on human health. Diarrhea, dysentery, vomiting are such type of effects. Tamarind and date seed powder mixed with coffee powder can cause diarrhea. Adulteration on bakery items and dairy products may have tremendous effects on a child’s health. Such as cream-filled foods, cereal, cream sauces causes increased salivation, abdominal cramp, vomiting, prostration etc. Improperly processed milk and canned meat may cause food poisoning and abdominal...

Words: 362 - Pages: 2

Free Essay

Cookbook Analysis: How to Cook a Wolf

...March  24,  2015     History  Of  Food  in  America     Cookbook  Analysis:  How  To  Cook  A  Wolf         Citation:       Fisher,  Mary  Frances  Kennedy.  How  to  Cook  a  Wolf.  New  York:  Duell,  Sloan   and  Pearce,  1942.  Print.     About  The  Book:       1. Who  wrote  or  complied  it?  What  can  you  find  out  about  the  authors  or   editors?     a. The  cookbook  “How  to  Cook  a  Wolf”  was  written  by  Mary  Frances   Kenney  Fisher  (AKA  M.F.K.  Fisher).  The  Duell,  Sloan  and  Pearce   publishing  company,  located  in  New  York  City,  published  the   cookbook  in  1942.  M.F.K.  Fisher  was  an  iconic  American  food  writer   born  in  Albion,  Michigan.  Growing  up  in  an  Episcopalian  Quaker   community  made  her  very  literate  at  young  age.    After  moving  to   California  at  young  age  and  attending  the  University  of  California  she   met  her  future  husband  Alfred  Young  Fisher.  The  two  spent  their  first   years  of  marriage  studying  in  Europe.  She...

Words: 1256 - Pages: 6

Premium Essay

Text Analysis

...analysisSuggested Essay Questions 1. How does Baum use repetition, dualities and doubles in the text? In her introduction to the novel, Susan Wolstenholme comments that the text seems to make statements that double back on themselves: "the text exposes the machinery behind enchantment as it celebrates power to enchant...while fantasy allows for an escape, the fucntion of that escape is to allow a return to a repressive reality." The Wizard's fakery is exposed but nevertheless can enchant; Dorothy's friends believe in the gifts the Wizard bestows upon them. Oz is a breathtaking world, yet Dorothy yearns to return to the bleakness of Kansas; Baum celebrates both opposing environments. There are good witches and bad witches, North and South and East and West, the first chapter mirrors the last chapter, Dorothy is disappointed by the Wizard twice. There is also a very repetitive cast to the writing. Each of the characters explains their wish to the Wizard in the same way, one after the other. Each of them is told the same thing by the Wizard. When Dorothy talks to her friends they often answer her one after the other. The Wicked Witch sends her minions out one after the other. The Wizard meets with the Scarecrow, Tin Woodman, and Lion one after the other, their experiences and conversations proceeding in the exact same fashion. Baum's use of repetition provides structure and order to a fantastical book. It keeps the text sane and establishes the irrefutable reality of Oz and...

Words: 1184 - Pages: 5

Premium Essay

Coca Cola

...Introduction : The below essay is about Coca-Cola company which is a beverage manufacturer established in the year 1892.The company's primary product is Coca cola which was invented in the year 1886 and was first bottled in 1894.The focus of this essay will be on developing a marketing strategy for Classic Coca-Cola or Coke for first half of 2012.This will also discuss about the market segmentation ,pricing strategy and target market using micro and macroeconomics concepts. The economic forecast report 2012 from different sources clearly communicates high economic growth , less unemployment and inflation rates. http://businomics.typepad.com/businomics_blog/2010/11/economic-forecast-2011-2012.html Coca cola can use alternative scenarios to reduce the production cost * In countries were labors are very expensive, installing automated manufacturing machines and reducing the labor numbers in the production line will help to reduce its cost. * Coco cola base syrup which is the raw material is imported from regional units to several bottling plants which incurs transport cost, if it is manufactured at the same bottling plant some cost can be saved. * The use of LED lighting and automatic shut-down technology during rest periods in all plants will help to reduce cost on Energy. * Production of own energy from renewable sources like solar ,wind in the bottling plant will help to reduce energy costs. * Coca cola can effectively introduce bio degradable...

Words: 1741 - Pages: 7

Premium Essay

How Does the Design of Starbucks Compare to Other Coffee Shops in Order to Appeal to

...overcome my curiosity of investigating the ways of which Starbucks Coffee Shop differs itself uniquely from other coffee shops, I will investigate the difference between the three Starbucks Coffee Shops of Sha Tin New Town Plaza, Hong Kong. Not only will I analyze the different design factors of Starbucks, but I will also be comparing them against the competitors within the perimeters of Sha Tin, Hong Kong. I will conduct an interview with a Coffee Shop entrepreneur; give out questionnaires to random customers of the three different Starbucks Coffee Shops of Sha Tin New Town Plaza, as well as observing the surroundings with my personal judgment. Furthermore, I am going to research the background and history of the Starbucks Coffee Shop design. Starbucks Coffee Shop originates from Seattle, and the after employing several designers, Schultz finally come across Wright Massey who quoted 'they didn't want any two stores to look alike'1. I conclude from my research, that Starbucks is unique from other Coffee shops in terms of its store designs, as well as its products. Aside from this, each of their stores are similar since their designs are of a template, but there are no two stores that are identical. From my observations, I round that the three Starbucks stores of Sha Tin New Town Plaza have their own styles. 1 ‗STARBUCKED A Double Tall Tale of Caffeine, Commerce & Culture‘ by Taylor Clark, page 100. How does the design of Starbucks compare to other Coffee Shops in...

Words: 4676 - Pages: 19

Premium Essay

How New Technology Impacts on Dry Bulk Terminals

...cheaper as it is easier for freight forwarders to send a wide array of commodities. Revolution in new computerized systems on vessels has led for the expansion in ports or the building of new wharves, and has also reduced traffic within berths. The new technology era has developed trade competition and high productivity levels. Essay A port is a harbour that has been developed of dock walls, quays, terminals and other offshore equipment, in order to facilitate the docking of ships and many different types of cargo. A port is the gateway to marine global trade, over the years marine transportation has been the most efficient means of transporting goods. Dry Bulk Terminal refers to goods that are handled in large quantities that are unpackaged and are available in uniform dimensions. Butler, M (2014) Lecture on Marine Terminals. Personal Collection of M. Butler, Caribbean Maritime Institute stated that dry bulk terminals handle commodities such as: metal ore (which includes compounds such as copper, iron, antimony, tin, manganese, aluminum ore, and bauxite), coal, coke, cement clinkers, and dry chemical products, such as soda ash, salt, sugar, alumina silica, sulphur, and chemical fertilizers. The evolution of new technology has resulted in a change of the design and layout of dry bulk terminals. The revolution brought about fundamental changes within ports which resulted in the shift from dry bulk terminals to containerized terminals. With new technology ports and ships...

Words: 1455 - Pages: 6

Premium Essay

George Vanderbilt's The Biltmore

...The Biltmore estate is easily the least private home in america with over 1 million guests per year. This essay is to give a small insight into the mansion of The Biltmore. George Vanderbilt’s imagination sparks in 1888 when he and his mother take a short trip to the Blue Ridge mountains in Asheville, North Carolina, he had just found the perfect location for his country home. In 1889 George Vanderbilt begins a six year construction of The Biltmore House. On Christmas Eve 1895 The Biltmore is officially open to friends and family. In 1914 George Vanderbilt dies at the age of 51, due to surgical complications. In honor of George, Edith sells approximately 87,000 acres of the estate grounds to the United States Forest Service. The Biltmore makes...

Words: 2014 - Pages: 9

Free Essay

Atlantic Canada

...European Settlers are “Immigrants” Final Academic Essay Noshing Zaman ACST 1000 Dr. Richard Fields 02/12/2015 Précis John Robinson, farmer at Bewholm in the County of York, and Thomas Rispin Farmer of Fangross journeyed through Nova Scotia years after the founding of Nova Scotia to account of the country’s position in economic growth, and to observe the lifestyle of the inhabitants. The journal is quite interesting as these voyagers express their initial thoughts of arriving in Halifax as discouraging, as they witnessed land covered in rocks and unsatisfying for cultivation. Most voyagers who arrived in Halifax were quit poor in England and came to find prosperity in this new country. This unfavourable appearance made passengers onboard the ships looking for a new prospective life in Halifax, wishing to take the long trip back to their homes in England. Even though immigrants today face the similar discouragement upon arriving to Canada, their motives are further discouraged by discrimination faced in their daily lives. Immigrants from rural Bangladesh face different experiences than those of urban Bangladesh upon arriving in Canada. Even so, the initial time in Canada is quite difficult to adapt. Further ignorance by several Canadians leads to cultures and religions being grouped to a specific title or cause especially for Middle Eastern immigrants. Some Canadians fear to allow Syrian refugees in their country because of fear of facing the terrors the Syrians face in their...

Words: 2445 - Pages: 10

Premium Essay

Nestle

...Table of content |Content |Page | | | | |1.Executive summary |2 | |2.Introduction |3 | |i. Company |3 | |ii. Brand |3 | |iii. Product |3 | |3.Micro analysis |4 | |i. Customer |4 | |ii. Competitor |4 | |iii. Company |4 | |4.Macro analysis ...

Words: 2995 - Pages: 12

Premium Essay

Shade

...Revision for Final Examination Risks of stating the obvious! 1 Format Date of final examination: Thursday 22 September Time: 2 pm (2 hours) This is a closed book examination.  Section A  Answer True / False questions. (10 marks)   Section B Multiple Choice questions (10 marks)   Section C  Answer short structured questions (15 marks) Short essay type responses (15 marks) 2 Section D  How you should prepare     Define terms you have learnt in this unit and think about examples of these concepts. Review the slides and refer to the respective pages in the textbook. The summary of each chapter is also a very useful reference. Practice the exercises in the textbook and handouts / slides to reinforce your learning Practice writing essays 3 Lesson 1a & 1b Critical Thinking What is What are critical the barriers thinking? to critical Why is it thinking? important? How to develop critical thinking skills? What is an argument? How to differentiate arguments from nonarguments? 4 Lesson 1a What is Critical Thinking?  Complex process of deliberation involving a range of skills and attitudes Identifying arguments Reading between the lines Drawing conclusions Evaluating Evidence Recognising techniques Presenting viewpoints Weighing arguments Reflecting on issues Critical thinking focuses on: Arguments  Evaluate messages conveyed through speech, writing, performance or other...

Words: 6480 - Pages: 26

Premium Essay

Economy Theory

...An Essay on Economic Theory An English translation of Richard Cantillon’s Essai sur la Nature du Commerce en Général An Essay on Economic Theory An English translation of Richard Cantillon’s Essai sur la Nature du Commerce en Général Translated by Chantal Saucier Edited by Mark Thornton 4 An Essay on Economic Theory © 2010 by the Ludwig von Mises Institute and published under the Creative Commons Attribution License 3.0. http://creativecommons.org/licenses/by/3.0/ Ludwig von Mises Institute 518 West Magnolia Avenue Auburn, Alabama 36832 mises.org ISBN: 978-1-61016-001-8 Foreword Robert F. Hébert Following a century of neglect, William Stanley Jevons, in the first blush of discovery, proclaimed Cantillon’s Essai, “the cradle of political economy.” Subsequent growth and development of economic thought has not really alerted us to the subtleties of this succinct appraisal. A cradle holds new life; and there can be little doubt that the Essai added new life to the organizing principles of economics. But “political economy” does not accurately describe the subject Cantillon addressed. Indeed, he scrupulously avoided political issues in order to concentrate on the mechanics of eighteenth-century economic life. When confronted by “extraneous” factors, such as politics, Cantillon insisted that such considerations be put aside, “so as not to complicate our subject,” he said, thus invoking a kind of ceteris paribus assumption before...

Words: 66839 - Pages: 268

Premium Essay

Management of Financial Resources

...* Budget making process. Midterm budget framework. Budget Defined * A budget (from old French  bougette, purse) is a financial plan and a list of all planned expenses and revenues.  * A government budget is a legal document that is often passed by the legislature, and approved by the chief executive-or president. * The two basic elements: Revenues and Expenses. * Revenues are derived primarily from taxes and non-tax revenue. * Government expenses include spending on current goods and services, which economists call government consumption ; government investment expenditures such as infrastructure investment or research expenditure; and transfer payments like unemployment or retirement benefits, Social Safety nets Basis of Budget * Budgets have an economic, political and technical basis. * Unlike a pure economic budget, they are not entirely designed to allocate scarce resources for the best economic use. * They also have a political basis wherein different interests push and pull in an attempt to obtain benefits and avoid burdens. * The technical element is the forecast of the likely levels of revenues and expenses Budget Cycle * Budget Preparation: The first phase of the budget cycle involves preparation by the departments/agencies, ministries and finally ministry of Finance * Legislative Approval: Typically, the legislature has the power to approve or reject a proposed budget. They review it and vote. If approved, it moves...

Words: 6348 - Pages: 26

Free Essay

Factors That Affects the Study Habits of Bachelor of Science in Information Technology Students of Neust

...IGOROTS * Home * IGOROT SONGS * IGOROT DANCE * IGOROT TRADITIONS * MONEY ON THE MOUNTAIN IGOROT TRADITIONS IGOROT TRADITIONS When we talk about Igorot identity and culture, we also have to consider the time. My point is that: what I am going to share in this article concerning the Igorot culture might not be the same practiced by the Igorots of today. It has made variations by the passing of time, which is also normally happening to many other cultures, but the main core of respect and reverence to ancestors and to those who had just passed is still there. The Igorot culture that I like to share is about our practices and beliefs during the "time of Death". Death is part of the cycle of life. Igorots practice this part of life cycle with a great meaning and importance. Before the advent of Christianity in the Igorotlandia, the Igorots or the people of the Cordilleran region in the Philippines were animist or pagans. Our reverence or the importance of giving honor to our ancestors is a part of our daily activities. We consider our ancestors still to be with us, only that they exist in another world or dimension. Whenever we have some special feasts (e.g., occasions during death, wedding, family gathering, etc.), when we undertake something special (like going somewhere to look for a job or during thanksgiving), we perform some special offer. We call this "Menpalti/ Menkanyaw", an act of butchering and offering animals. During these times we call them...

Words: 53758 - Pages: 216

Free Essay

Essays

...GRAMMAR Rewrite the following sentences according to the instructions given after each. (3 marks) (i) Njenga told me that his sister is successful. (Use of in place of that) (ii) She never came late to school last year. (Begin: Not once ---------------------) (iii) Who broke this jug? (Rewrite in the passive) (b) Identify and correct the misspelt words in the following paragraph. (3 marks) Occassionally, you will be called upon to speak in public. You must learn to do so without embarassing yourself by fumbling and making unnecessary repeatations. With adequate practice you can become an accomplished public speaker. (c) Use the correct form of the words in brackets to fill in the blank spaces. (3 marks) (i) She could not explain how the accident ______________________ (occur) (ii) The students presented their _____________________ (complain) to the principal. (iii) Jane is very bright but very poor in _________________________ (pronounced) (d) Use the appropriate prepositions to fill in the gaps. (3 marks) (i) Suddenly, the plane was enveloped _______________________ a dense fog. (ii) Inspector Chacha was an expert _______________________ catching criminals. (iii) Most of my classmates are strong _________________________ Mathematics. (e) Replace the underlined with the correct phrasal verbs formed from the words in brackets. (i) His performance discouraged me until 1 stopped teaching him. (put) (ii) No...

Words: 4434 - Pages: 18