...SECTION 3 OBJECTIVES In Section 3, you will What Factors Affect Supply? KEY TERMS change in quantity supplied, p. 146 change in supply, p. 148 input costs, p. 148 labor productivity, p. 149 technology, p. 149 excise tax, p. 149 regulation, p. 150 TA K I N G N O T E S As you read Section 3, complete a chart like this one showing each factor that causes change in supply. Use the Graphic Organizer at Interactive Review @ ClassZone.com Factor That Changes Supply Reason Why Supply Changes • explain the difference between change in quantity supplied and change in supply • understand how to determine a change in supply • identify the factors that can cause a change in supply Changes in Quantity Supplied KE Y CON CE P T S QUICK REFERENCE Change in quantity supplied is a rise or fall in the amount producers offer for sale because of a change in price. The supply schedules and supply curves that you studied in Section 1 were created using the assumption that all other economic factors except the price of tomatoes would remain the same. If all other factors remain the same, then the only thing that influences how many tomatoes producers will offer for sale is the price of those tomatoes. The supply curve shows that pattern. In Chapter 4, you learned the difference between change in demand and change in quantity demanded. Change in quantity demanded is shown by the points along an existing demand curve, while change in demand actually shifts the demand curve itself. Similarly, the...
Words: 3373 - Pages: 14
...Market and Non-Market Strategy to deal with Non-Market Issue By (Student Name :) Foundation Course- Tutor: Institution: Date: 1. Issue Greenpeace Company, Indian branch, has for the last one month suffered administrative and political fallout with the Indian authorities over what it calls ‘strangulation by stealth.’ (Bhalla 2015). According to Aulakh (2015), there is a public struggle between the Indian government and Greenpeace, who see it as a “threat” to national development. Further, a report from an intelligence unit from India showed how a campaigner from Australia working for Greenpeace was denied entry into the country sourcing him as a major threat towards the government. Bhalla (2015) further narrates how the organization faced closure due to foreign funding being blocked for a month and registration suspension for six months. In a statement to the newsrooms, the NDA responded to claims of the closure of Greenpeace foreign account. They claimed that the organization was violating the Foreign Contribution Regulation Act (FCRA) and tax laws (Singh 2015). The stated law scrutinizes NGO’S of ‘political nature’ and bars them from obtaining donations from the international partners (Bhalla 2015). Moreover, in January 2012, the NGO’s senior campaigner Priya Pillai was also stopped from boarding a plane to London. The government cited her as the source of problems it was facing at the time (Business Standard 2015). Needless to note, she was only fighting for the interests...
Words: 2841 - Pages: 12
...“Problems to solve by lucy kellaway & the Financial Times” Do I have to invite co-workers to my wedding? This is a very interesting question. When you see it if no one asks you to think about it one is likely to think “what a stupid question, that has an obvious answer”, but you would be wrong. A person that works in a company will most likely spend more time there then at home. It shouldn't be to much of a predicament if the person holding the wedding gets is friends with everyone at work, which might happen if you work for a small company, and the work space consists of a small work force. What if you don’t like some one in your work place? or even if one feels that the time they spend with their colleagues is more then enough? It really depends on the person who is about to take the ultimate step in a relationship. One can invite everyone and just have to deal with those who are not to their liking, which will prevent any future resentments. One can invite just the ones they get along with, this with the notion that others will find out about the happening, and might result in future quarrels in the future. A politically correct approach can be taken by not inviting their co-workers to the wedding using the expenses as an excuse. As a person that has never worked in an office environment, and hasn’t even pondered on the idea of getting engaged, it is hard to considered the approach that I would take. Based on school environment birthdays, I believe if I was eccomicly...
Words: 1275 - Pages: 6
...The issues that our company has to address is setting up a for profit business in a place where there are the many disasters and calamities that are affecting the area. Another issue is that there are environmental elements that cause damage to the island which can in turn jeopardize the economy due to the fact that the majority of the resources that are used to support the country come from agricultural means. Along with the many instances of environmental threats, there are also external and internal disasters that have affected the island. Upon arrival I am greeted with the aftermath of a set of disasters that has recently ailed Kava. The objective of the company is to set up business here and in doing so give some of what has been taken away back to the country. This is easily said than done. There are a lot of things to consider in solving the problem. The main concentration at this point will be organizational processes, human resources, and ethics. The organizational processes of the company are to flow together to do the best thing for the people involved in the company while also making profit. In order for us to be successful, our organizational processes need to aim for the most beneficial way to introduce and do business here in Kava. Having the company here will help to bring in a new additive to the economy. There will be new area of work opened to the people here The decision-maker weights the previously identified criteria in order The various key...
Words: 662 - Pages: 3
...going to be put under the microscope, divulging into the many aspects and rules of an expert witness and the opinion they give. A In the Criminal Procedure Rule, it terms an expert witness a person who is required to give expert evidence for the purpose of criminal proceedings, including evidence that is to determine the fitness to plead or for the purpose of sentencing. For example one may call on a police officer that is experience in collision investigations may offer his expert opinion on how the accident transpired. There are also times when an expert witness is not required, where a judge or jury can form his or her own views and inferences without the help of an expert. Expert witnesses can be called to testify on a variety of issues, such as DNA analyses, engineering, architecture, handwriting, fingerprints, psychologists, pathologist, etc. “When knowledge of a technical subject matter might be helpful to a trier of fact, a person having special training or experience in that technical field, is permitted to state his or her opinion concerning those technical matters even though he or she was not present at the event.” Expert witness will give an opinion of the facts that are presented in the relevant court case. It is known as...
Words: 1570 - Pages: 7
...CREATING SHARED VALUE BUSINESS POLICY ASSIGNMENT - 2 Executive Summary Creating Shared Value - Reinventing Capitalism By Michael Porter & Mark Kramer According to Michael Porter and Mark Kramer, "Creating Shared Value" can be defined as Policies and operating practices that enhance the competitiveness of a company while simultaneously advancing the economic and social conditions in the communities in which it operates. The concept of shared value which focuses on the connections between societal and economic progress has the power to unleash the next wave of global growth. Shared value involves creating economic value in a way that also creates value for society by addressing its needs and challenges. The purpose of the corporation must be redefined as creating shared value, not just profit per se. This will drive the next wave of innovation and productivity growth in the global economy. Moving Beyond Trade‐Offs Solving social problems has been ceded to governments and to NGOs. Corporate responsibilities programs a reaction to external pressure have emerged largely to improve firms’ reputations and are treated as a necessary expense. Fair trade aims to increase the proportion of revenue that goes to poor farmers by paying them higher prices for the same crops. Though this may be a noble sentiment, fair trade is mostly about redistribution rather than expanding the overall amount of value created. The Roots of Shared Value A business needs a successful community...
Words: 2467 - Pages: 10
...Social Problems in Societies Caroline Muthoni Kagane Kenyatta University Social Problems in Societies. A social problem is an issue that has an impact on members of society. It either affects members directly or indirectly. These are problems that a community agrees to be acceptable or unacceptable. Things like abortion, poverty, drug abuse and domestic violence can be listed as examples of social problems (Linda, David , & Caroline , 2012). Drug abuse is excessive, irrational and self-damaging use of a substance resulting to continuous craving, psychological damage, illusion or death. Drug abuse is a societal problem mainly affecting the youth both in school and out. Most youths engage in drug abuse out of peer pressure from friends who recruit each other into cults. The use of drugs in societies is high where the level of literacy is low. Nana (2006) notes that learned youths who are struggling to find good job after they are through with their education, get frustrated and engage themselves in use of drugs. This is one of the major problems in many societies where people cannot find job that match their level of education hence find comfort in use of drugs. Easy availability of drugs in today’s society makes it effortless for many people to get access to drug resulting to even small children using drugs. There are so many outlets where people can get drugs at a cheaper price hence so many people engaging themselves in drug abuse (Bosco & Moses...
Words: 667 - Pages: 3
...A social issue (also called a social problem or a social ill) is an issue that relates to society's perception of people's personal lives. Different societies have different perceptions and what may be "normal" behaviour in one society may be a significant social issue in another society. Social issues are distinguished from economic issues. Some issues have both social and economic aspects, such asimmigration. There are also issues that don't fall into either category, such as wars. Thomas Paine, in Rights of Man and Common Sense, addresses man's duty to "allow the same rights to others as we allow ourselves". The failure to do so causes the birth of a social issue. Personal issues versus social issues[edit] Personal issues are those that individuals deal with themselves and within a small range of their peers and relationships.[1] On the other hand, social issues threaten values cherished by widespread society.[1] For example, the unemployment rate of 7.8 percent[2] in the U.S. as of October 2012 is a social issue. The line between a personal issue and a public issue may be subjective, however, when a large enough sector of society is affected by an issue, it becomes a social issue. Although one person fired is not a social issue, the repercussions of 13 million people being fired is likely to generate social issues. Caste system[edit] Caste system in India resulted in most oppressed Untouchables on earth for the past 3000 years . UK recently banned caste system[1] and US is...
Words: 789 - Pages: 4
...the ordinary lay person enabling him/her to give testimony regarding an issue that requires expertise to understand. Experts are allowed to give opinion testimony which a non-expert witness may be prohibited from testifying to. 2. Both sides had to bring in experts in regards to the chemicals that the wells were contaminated with. Then they had to bring in experts in ground water movement, they had to prove chemicals were dumped, and had to prove the chemicals made the people sick. Proving of causation was the reason why so many experts were called on. Every aspect of the evidence had to be proven to be as solid as possible to be allowed in court. 3. Hydrogeologist, Geologist, Engineering Geologist, Soil scientists, Geochemist 4. The first issue is money. Experts are paid for their time and even though it creates a substantial incentive for the expert to advocate a party's position that is not supported by available research and data. This problem is particularly acute with the professional witness, who makes her living testifying as an expert. A professional witness is highly motivated out of self interest to develop relationships with lawyers because those relationships are the expert's lifeblood. The more effective the expert is in advancing the lawyer's case, the greater the likelihood the expert will be retained again. The Safeguards of the Adversary System is the second issue. The jury is not competent to resolve inconsistencies in expert testimony...
Words: 577 - Pages: 3
...Social Problems Holly Regan HSM/240 January 17, 2014 Terra Harris Social Problems Some words may have alternate meanings, become more defined or even more complex within the context of human services. The definition of problem within the context of human services has a few specific meanings such as any specific thing, matter, person, or situation that is difficult to deal with, solve or overcome and a source of perplexity, distress or vexation. According to our text it states an example of the defined word and its proper use, which can and will vary according to the circumstances of the problem. An example could be by identifying drug abuse by noting the use, intentional exposure to, or ingestion of any illegal chemical substances used in a nonmedical way, (Chambers and Wedel, 2005). This also can be defined in another way people are more prone to hearing and can identify better with, addiction; the problem would be better known as addiction instead of using. The definition of policy within the context of human services is a program of actions adopted by the individual, government agency or organization or is based on the specific set of principles, a specific course of action or a selected method chosen from alternatives as a guide to determine present and future decisions along with a plan which embraces the general goals of acceptable policies and procedures. The example of proper use of policy involving a drug addict leads most often to a situation needing...
Words: 747 - Pages: 3
...Forensic Psychology Abstract: U.S. Supreme Court Rules in Kumho Tire Co. v. Carmichael Case (No. 97—1709. Argued December 7, 1998–Decided March 23, 1999) On March 23, the U.S. Supreme Court ruled in Kumho Tire Co. v. Carmichael, No. 97-1709, that all types of expert evidence are subject to the relevance and reliability ‘gatekeeping’ function that the Supreme Court had articulated with respect to scientific evidence in Daubert v. Merrell Dow Pharmaceuticals, Inc., 509 U.S. 579 (1993). The Court further held that trial judges have substantial discretion or ‘considerable leeway’ to determine how to evaluate relevance and reliability and to make a determination on whether to admit the expert evidence. While this decision will make it more difficult when judges are hostile to the type of expert testimony being offered by plaintiffs, there were some helpful aspects to the Court’s opinion that lawyers for plaintiffs should know and emphasize: • The Court rejected arguments that all, or even one, of the four Daubert factors (testing, peer review, error rates, and scientific acceptability) must be satisfied for the testimony to be admissible, noting that even in scientific evidence cases the Daubert factors ‘do not all necessarily apply’; • The Court endorsed the idea that expert testimony from reliable fields of study that conforms with the standards used in that discipline should be admissible (In doing so, the Court was allowing...
Words: 395 - Pages: 2
...by Mr Hawchar and procedures that Dasreef could take in reducing the risk of injury. The case originated in the Dust Diseases Tribunal where the judge relied on the estimate of the expert evidence in calculating the levels of silica Mr Hawchar was exposed to. This led to a finding that the level of exposure exceeded the applicable standard and was appealed by Dasreef before the Court of Appeal as to the admissibility of the expert’s report. The Court of Appeal dismissed the appeal on the basis that the estimate provided in the report was drawn from the expert’s experience, and thus admissible. The admissibility issue of the expert evidence was then brought to the High Court before the judges, French CJ, Gummow, Hayne, Crennan, Kiefel and Bell JJ with Justice Heydon dissented from the majority. It should be noted that the majority analysed the admissibility issue under the Evidence Act while Justice Heydon took a different approach by taking into account the common law requirements. The following sections discuss the admissibility requirements identified by the High Court. Relevance According to paragraph 31 of the case, the majority stated that the relevance of the expert evidence...
Words: 1116 - Pages: 5
...English final Name Professor Course Date Part I Anna Wintour, the editor in chief of the American Vogue Magazine is one of the characters depicted in the film The September Issue. The film is a documentary by R.J Cutler and his crew as they followed the daily routine of Wintour, which includes consulting with designers such as Oscar Del La Renta. In the film, Cutler gains access to her home and viewers can see her climbing chauffeur driven luxury cars. As the film opens, Wintour explains that fashion can make people nervous at time. In the film, Wintour lives to her reputation of being cold and detached. Wintour’s character is further highlighted by her relationship with Grace Coddington, Vogue’s creative director. According to The Independent (2014), Coddington’s character is opposite that of Wintour because she is approachable and cheerful. Wintour’s attitude towards her subordinates is further shown by the way she treats Coddington. She sometimes embarrassingly rejects her concepts and remains devoted to her lead feature: Sienna Miller. One of her signature looks is cutting her hair into the bob hairstyle, which she has retained since the 1960s. The September Issue follows Wintour during her shows and it highlights her demanding nature when she got the Milan Fashion Week moved another date to suit her schedule. This shows that Wintour not only runs a fashion magazine, but the entire fashion industry. At one instance, she meets the leading designer of Yves Saint Laurent...
Words: 2925 - Pages: 12
...Matter of Opinion I do not agree with the article and I would like to explain why. First let’s take a look at the statement “entitled to an opinion”, what does it mean to be entitled? Entitlement is simply staking claim, so when someone says they are “entitled to their opinion” what they are saying is they are claiming the opinion as theirs. We can assume this to be true because they have stated an opinion and now they are stating that the opinion is theirs, while this should be the end of the story it is far from over. Part of the problem with this article is the fact that the author is stating his opinion that “people are not entitled to their opinions” as fact, however he contradicts himself. Fact either is or is not true, so either people are entitled to their opinions or they are not, he can’t have it both ways, but this is exactly what he is trying to do when he specifically states in the article that there are some opinions that just can’t be argued, such as those involving personal preference (Stokes, 2012, para 7). It makes sense then that if an opinion cannot be argued against for reason of logic then the person of the opinion must be entitled to it. My argument does not stop there however, let’s just assume people who have opinions on their personal preference are not entitled to them and move on to what I believe the author was really trying to convey, people should not have an opinion unless it is based in fact and they can back it up. What about Juries? Are...
Words: 731 - Pages: 3
...This paper synthesizes the basic facts of United Stated vs. Dube. It explains the role of lay witness testimony, and distinguishes from expert witness testimony. Moreover, it addresses potential problems with lay witness testimony. Finally, we’ll take a closer look at how it impacts final holding and its relevant significant on the case. John Doe Sr. MBA Graduate Student Trident University ABSTRACT The case of United States vs. Roland William Dube, Jr., 520 F.2d 250 (1st Cir. 1975) Defendant-Appellant, United States Court of Appeals, First Circuit Court, was argued in May 5, 1975 and decided in June 30, 1975. Dube’s appeal lasted a short 30 days, significantly shorter than cases today. The case of United States vs. Roland William Dube, Jr., 520 F.2d 250 (1st Cir. 1975) Defendant-Appellant, United States Court of Appeals, First Circuit Court, was argued in May 5, 1975 and decided in June 30, 1975. Dube’s appeal lasted a short 30 days, significantly shorter time than cases heard today. Defendant Dube was tried on an indictment charging him with robbery of a federally insured bank. He did not deny that he committed the robbery, but introduced the testimony of a psychiatrist and a psychologist that he was insane when he committed the offense, (OpenJurist, 1st par). In this case, according to information taken from the case files, found in OpenJurist.org, the prosecution did not present expert testimony instead relied on cross-examination and the lay witness...
Words: 792 - Pages: 4