...Government and its influence on the allocation of resources and affect on the economy cannot be overlooked, which makes the subject of Public Finance such an important field in the study of economics. Government is made by the people for the people, and therefore government has the power to control resources based on what the people want. Sure, people don’t like to pay taxes. People would rather keep all of their money and spend it in the way that they’d like. However, people also know how important social security, Medicaid, and other governmental programs are to their future, and therefore are willing to pay taxes in exchange for the goods and services the government provides to its citizens. Essentially, it all comes down to an economic comparison between one option (no taxes and no governmental programs) versus another option (taxes and governmental programs), and how much people are willing to pay (money, opportunity costs, etc.) for one option versus another. Because taxation by the government is such an important subject to everyone, Public Finance is truly an important subject that affects everyone and is an important subject for everyone to learn about, since it affects their overall well-being. By know more about voting, government allocation of resources, redistribution programs, and other important topics in Public Finance, people can make better decisions about who to vote for and people can have a bigger say and better knowledge about how the government affects...
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...GEK2003 Politics and Governance in Singapore Name: Toh Zhi Qi Matrix no: A0111368 L Tutorial Group: E2 ESSAY QUESTION Q2: Of the many issues facing Singapore’s politics, which, in your view, is the most fatal for the PAP and if unresolved, could severely affect the PAP in the coming general elections? During the 2011 General elections, the PAP lost a GRC for the first time and the election was described as a watershed election by Prime Minister Lee Hsien Loong. In the past 7 years, Singaporeans are getting increasingly unhappy with the ruling party despite enjoying relative peace and prosperity amid the gloomy global economic conditions. These issues ranges from foreigners influx, housing prices, transportation bottleneck, widening income gap, rising demands of citizens to the PAP governing style. Among these issues, the problem of foreigner influx is the most fatal as it is the root to many problems. The foreigner influx issue is indeed very challenging and if not tackled properly, can potentially affect the PAP adversely in the coming general elections. Firstly, the foreigners influx issue, the core of the problems. To tackle the persistent low birth rate, Singapore have experienced an overwhelming influx of foreigners especially from China and India. According to the latest statistics, our population swell to 5.39m; foreigners comprising of 1.55m, and citizens accounted for 3.31m. Singapore has loosened its immigration policy to boost her economy and maintain...
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...Is Racial Antipathy Increasing? The Polarizing Effect of Obama’s Presidency Abstract Previous research has shown that individuals who are highly conservative are more likely to hold negative perceptions of African-Americans and other minorities. Furthermore, racial antipathy affects the way individuals perceive Barack Obama. In light of recent trends, this study tested whether individuals who identify themselves as Republicans are substantially more likely to maintain negative racial attitudes. The study also investigated whether white Americans are more likely than other racial groups to harbor racial prejudices and disapprove of Barack Obama. Results from this study indicated that racial resentment plays a significant role in contemporary politics. Data from between-subjects ANOVA and correlational analysis suggested that the Democratic Party and Republican Party are polarized in regards to racial issues. Moreover, conservative whites are the most likely racial group to hold racial prejudices against African-Americans. Finally, disapproval of President Obama is highly associated with high levels of negative racial stereotypes. Keywords: race, antipathy, conservatism, prejudices, Obama Is Racial Antipathy Increasing? The Polarizing Effect of Obama’s Presidency In 2008, Barack Obama became the first African-American to become President of the United States. His election marked a pivotal turning point in American politics. To millions, Obama’s election signaled...
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...Difference Did the Civil Rights Struggle Make? ..................................12 Conclusion…....................................................................................................................16 Bibliography…………………………………………………………………………….18 INTRODUCTION This research will focus on the topic of “Civil Disobedience and its Relativity to Christian Ethics.” The research will address whether it is ever justifiable to disobey the laws of secular governments. In doing so, it will discuss the Doctrine of Civic Responsibility as it relates to Christian Ethics. Furthermore, Romans 13:1-7 will be referenced to provide additional insight into how the Church has historically responded to civil government’s demands on society. DEFINITION OF CIVIL DISOBEDIENCE What is civil disobedience? This is the term used when an action is taken against civil government as a result of a civil law or practice that is considered in direct conflict with God’s law of love. More will be discussed on this subject as it relates to Christian ethics. DEFINITION OF CHRISTIAN ETHICS What...
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...recommendations to achieve the desired objective at minimal tax cost. It generally involves extensive tax research. 2. Tax vs. Nontax Factors For each of the following independent situations, identify whether the item would be primarily a tax or a nontax factor in performing tax planning. a. The taxpayer lost a quarter of her net worth when the dot-com bubble burst and does not want to own any investments with risk such as stock. b. The taxpayer hates to pay any federal income taxes and would rather pay an equal amount of money to an accountant or attorney than pay taxes to the federal government. c. The taxpayer has a large capital loss carryforward from last year. Solution: a. This is primarily a nontax factor situation. The taxpayer has specified that he or she is risk averse, a personal choice, due to having experienced prior losses. b. The taxpayer’s dislike of paying taxes is really a nontax factor; this dislike, however, leads him to seek income tax advice to reduce taxes and he is willing to pay significant amounts of money to find ways to avoid taxes. Thus, this really has significant elements of both. c. This situation involves tax factors in tax planning. There are numerous ways in which a taxpayer can arrange transactions to take advantage of loss carryovers before they lose significant value due to the time value of these losses. 3. Marginal Tax Rates Beta...
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...ENTRY LEVELS MODULE 1: INTRODUCTION OF MICROECONOMICS Economics is the study of how human coordinate their wants and desires, given the decision making mechanisms, social customs and political realities of the society. This definition of economics rotates mainly on the basic force there is the economic system, that is the individuals within. We cannot appreciate the bigger picture more should we not look closely to the minute details of what constitutes the economy. Therefore we studied microeconomics, the study in where every single person with the capacity to choose is screened closely. It answers the questions of why an individual chooses an option and what causes him to choose that way. Say for example, why a commercial bank manager decides to buy a new townhouse and loan a new car or why someone would decide to go to into business instead of getting employed. In this we cited the basic reasons such as the when to produce, what to produce and whom to produce; questions that is essential in putting up a business. The usual idea is to produce when there is a demand for a certain thing; to produce something that separates itself from the rest of the same product available in the market and is currently wanted by the consumers; and, to look for new ideas of products that might be useful for a specific group of people. Upon setting economics in a microscope, we would now appreciate the trends and tracks of the economy in a greater whole. The individuals will form a group...
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...Why is becoming an entrepreneur a growing trend in today’s job market? Robert L. Patton Jr. EBM587 Strategic Business Marketing April 8, 2012 Introduction Why is becoming an entrepreneur a growing trend in today’s job market? Answering the aforementioned question is the purpose of this paper, and the premise of the research thus conducted. In order to answer and address this issue, it is first necessary to examine different aspects of entrepreneurship, as well as, current market conditions, which make this alternative an attractive choice for so many business professionals. I have often thought about the vest means of achieving success. Success can be measured in many different fashions. There is career success, success in academics, competition, and self-actualization. For the scope of this research paper, I will limit the definition of success as being measured by financial freedom and independence. As both a student and working professional, I have a strong belief and desire to perform to my highest potential, both in the classroom and in the office. Ultimately, like many others, the purpose of my efforts is to achieve this financial freedom and independence from an employer. The traditional means of achieving success, I have followed and been an active participant. These means include joining the military at a young age, graduating from college, and pursuing a professional career. Although I am pleased by the results of my efforts and endeavors...
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...Copyright © 2004 Brian Tracy. All rights reserved. First Eagle House Publishing Corporation electronic edition 2004 ISBN 0-976123-92-4 To my wonderful wife Barbara, who has encouraged me to write this book for twenty-five years. Without her continued inspiration, these ideas may never have been available to mankind. Contents Introduction. A Society in Crisis ..................................................1 Chapter One. Why We Do the Things We Do .............................7 Chapter Two. What We All Want ...............................................29 Chapter Three. Simple as ABC ...................................................45 Chapter Four. Character Reigns .................................................63 Chapter Five. The Current Dilemma ..........................................79 Chapter Six. Government, Politics and Power ............................93 Chapter Seven. The Foundationsof the American Dream .........116 Chapter Eight. Working For a Living .......................................126 Chapter Nine. Law, Order and Crime ......................................138 Chapter Ten. Welfare,Entitlements and Society ........................148 Chapter Eleven. A Time for Truth ............................................160 Chapter Twelve. America and the World ..................................186 Summary – The Road Ahead ....................................................206 Author’s Biography ................................................................
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...businesses they will work in. However older workers would struggle with manual labour jobs, so they couldn’t be employed to do this. The way these types of companies would work around having older workers is to find a physical fault with their performance so they can be fired. They have to do this because they are not allowed to fire someone just because they are old, this is due to the Equality Act which makes them unable to discriminate. Finding a medical reason such as poor sight or bone problems is how businesses work around this. If discrimination does take place against older workers then these workers will be less motivation and inclined to go to work so this is why discrimination in the work place should not happen, this can be negative for the business. (http://www.theguardian.com/business/2015/jun/11/ageing-uk-population-increase-strain-government-spending-obr-warns) This article shows supporting figures that the aging population will cause more strain for the economically active workers and the economy. Another result of the aging population is...
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...Nihilism!!! What is Nihilism? A common (but misleading) description of nihilism is the 'belief in nothing'. Instead, a far more useful one would substitute 'faith' for 'belief' where faith is defined as the "firm belief in something for which there is no proof." A universal definition of nihilism could then well be the rejection of that which requires faith for salvation or actualization and would span to include anything from theology to secular ideology. Within nihilism faith and similar values are discarded because they've no absolute, objective substance, they are invalid serving only as yet another exploitable lie never producing any strategically beneficial outcome. Faith is an imperative hazard to group and individual because it compels suspension of reason, critical analysis and common sense. Faith is "don't let those pesky facts get in the way of our political plan or our mystically ordained path to heaven"; faith is "do what I tell you because I said so". All things that can't be disproved need faith, utopia needs faith, idealism needs faith, and spiritual salvation needs faith. Fuck faith. The second element nihilism rejects is the belief in final purpose, that the universe is built upon non-random events and that everything is structured towards an eventual conclusive revelation. This is called teleology and it's the fatal flaw plaguing the whole rainbow of false solutions from Marxism to Buddhism and everything in between. Teleology compels obedience towards the...
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...CHAPTER ONE 1.0. INTRODUCTION 2.1. BACKGROUND OF THE STUDY The United Nations convention of the rights of the child states that every child has the right to an education that develops their personality, talents, mental and physical abilities to their fullest potential. On the contrary to this right, the UN (United Nations) convention estimated that 1.3 million American and also Nigerian students drop out of school. The problem of high school dropout has generated increased interest among researchers, policy makers and educators in recent years. “Dropout” may refer to dropping out of school or one who quits from school (Wikipedia, The Free Encyclopedia, 2000). Dropout rates of teens in secondary school are of great interest to educators across the country. An analysis has been done by researchers to identify the risk factors related to high school dropout rates. The analysis shows various factors for dropping out of school which include: school related, family related and job relates causes as well as influences from peers and residential mobility. These risk factors are then related to what educators can do to improve been programming efforts as well as decrease high school dropout rates (National Educational Longitudinal study, 2000). Dropping out of school is an issue faced by many teens today. According to the United States Department of Education, National Center for Education Statistics (2011), it enumerated some factors which causes dropout among secondary school...
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...MBA505 INTERNATIONAL BUSINESS MANAGEMENT REV11A CHAPTER 1: ASSESSING THE ENVIRONMENT POLITICAL, ECONOMIC, LEGAL, TECHNOLOGICAL CHAPTER SYNOPSIS This chapter explains the elements of International Business Management. It gives a sound understanding of factors such as Political and Economic Environment, Legal Environment, and Technological Environment. Also, it covers the effects of Regional Trading Blocks, Information Technology, The Globalization of Human Capital, The Global Manager’s Role CHAPTER OUTLINE The Global Business Environment Regional Trading Blocks Information Technology The Globalization of Human Capital The Global Manager’s Role The Political and Economic Environment The Legal Environment The Technological Environment ISSUES FOR REVIEW AND DISCUSSION I. The Global Business Environment A. Global management Global management is the process of developing strategies, designing and operating systems, and working with people around the world to ensure sustained competitive advantage. 1. Globalism “Global competition characterized by networks that bind countries, institutions and people in an interdependent global economy.” 2. Evidence/Indicators of Globalism The growth rate of the trade of goods has grown faster than the world production of goods. The European Union has now caught up with the United States to share the position of the world’s largest investor. 2011 AMERICAN CITY UNIVERSITY Page 1 of 28 MBA505 INTERNATIONAL BUSINESS MANAGEMENT ...
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...Table of Contents Title Page.................................................................................................................................i Table of Contents....................................................................................................................1 A. Inroduction.........................................................................................................................2 B. Definition...........................................................................................................................3 - 4 C. Issues..................................................................................................................................4 - 8 i. LGBT parenting..........................................................................4 ii. Adoption.....................................................................................4 - 5 iii. Surrogacy and fertility treatment................................................5 iv. Organizations..............................................................................5 - 8 v. Health..........................................................................................8 - 9 D. History..............................................................................................................................9 - 11 i. Ancient......................................................................................
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...many decisions. It must decide which members of the household do which tasks and what each member gets in return: Who cooks dinner? Who does the laundry? Who gets the extra dessert at dinner? Who gets to choose what TV show to watch? In short, the household must allocate its scarce resources among its various members, taking into account each member’s abilities, efforts, and desires. Like a household, a society faces many decisions. A society must decide what jobs will be done and who will do them. It needs some people to grow food, other people to make clothing, and still others to design computer software. Once society has allocated people (as well as land, buildings, and machines) to various jobs, 3 Consider why trade among people or nations can be good for everyone Discuss why markets are a good, but not per fect, way to allocate resources Learn what determines some trends in the overall economy 1 TLFeBOOK 2 4 Ten Principles of Economics PA R T O N E INTRODUCTION scarcity the limited nature of society’s resources economics the study of how society manages its scarce resources it must also allocate the output of goods and services that they produce. It must decide who will eat caviar and who will eat potatoes. It must decide who will drive a Porsche and who will take the bus. The management of...
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...onoECONOMICS RESOURCE | 1 ECONOMICS RESOURCE | 1 ECONOMICS 2009-10: FUNDAMENTALS OF ECONOMIC THINKING Table of Contents Preface to the Economics Resource .................................................................................. 5 Fundamentals of Economics ............................................................................................ 7 The Basic Economic Problem—Scarcity ............................................................................................ 8 Production of Goods and Services .................................................................................................... 10 Increasing Costs ............................................................................................................................... 12 The Factors of Production ............................................................................................................... 14 Benefit-Cost Analysis – Marginal Decision-Making ......................................................................... 15 Marginal Utility and Waffles ............................................................................................................ 17 More on Marginal Utility and the Effect of Prices ............................................................................ 19 Individual and Social Goals .............................................................................................................. 20 Positive and Normative Economics...
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