Strategies For Relieving The National Debt - 1041 Words

The Canadian government has many different strategies to relieving the national debt while being able to sustain the stability of the economy and its many markets. These different strategies include the government selling debts to the banks, wage and price increases, and fiscal and monetary policies. These policies are briefly mentioned and outlined in Chapter Eleven: Policy Matters. (DPE, 145,147) One strategy the government uses is selling their debts to other parties, usually the banks. It is a good technique because it keeps a constant cash flow within the controllers of our economy, being the government and the large banks. The government sells their debt away to the banks of Canada that way they have cash flow available for use. The†¦show more content†¦Also with the inflation on the price of goods, the percentage of tax charged on each purchase will increase creating more profit for the government. Now that the government has an increase in cash flow, they can use this money to pay off some of the national debt or decide to reinvest the tax dollars into the economy or infrastructure. However there is a downside to constantly using this strategy. The government would not want to inflate prices too often because it could create a large GDP gap compared to the GDP of other countries. This gap would make it more difficult to trade goods with other countries. The only way trade would be fair with a large GDP gap would be if two countries trade different good s with each other of equal relative value, thus making the balance of trade zero, as explained in Chapter Ten: International Cheques and Balances. (DPE, 129) The government can also use one of two discretionary policies, either fiscal or monetary. Fiscal policy is where the government either increases taxes and decreases government spending or decrease taxes and increase government spending. This is a technique that is rarely seen in Canada as our tax rates do not change often. However I feel as though if the government were to increase taxes and decrease government spending it would be beneficial to the national debt as the government would save money by decreasing their spendingShow MoreRelatedBurundi Legal Position Paper1308 Words   |  6 Pages Burundi’s Position on the Legal Aspects of Odious Debt Introduction Burundi, one of the world’s smallest nations, has just emerged from a 12-year ethnic-based civil war. The war started in 1993 and just ended in 2005, which then caused an alteration in the government political system to take on a democratic form. They are now in process of peace although they are still in the struggle of reviving their shattered economy and forging national unity. Burundi is a landlocked island surrounded byRead MoreTempur1414 Words   |  6 Pagesdistributes various luxury products made of viscoelastic memory foam. The company was founded in 1992 by Fagerdala World Foams in Denmark. In the 1980s, Fagerdala acquired the formula to create a stable, durable and commercially viable product from the National Aeronautics and Space Administration (NASA). In the early 1970s, NASA had developed this pressure-absorbing material to help cushion and support astronauts during lift-off. Fagerdala spent years perfecting NASA’s process; once completed, their consumer Read MoreMotivations of Pathological Gamblers1481 Words   |  6 PagesBased on information from the National Opinion Research Center (NORC), the National Gambling Impact Study Commission (NGISC) states that there are two and a half million individuals who fall into a state defined as a pathological gambler, another three million are considered problem gamblers, and roughly fifteen million more could be considered â€Å"at-risk† (NORC, 1999). A pathological gambler is one who has a severe uncontrollable urge to gamble despite harmful negative consequences or a desire toRead MoreEssay about Gambling Addiction2683 Words   |  11 PagesNeeds to gamble with increasing amounts of money in order to achieve the desired excitement * Withdrawal - Is restless or irritable when attempting to cut down or stop gambling * Escape - Gambles as a way of escaping from problems or relieving dysphoric mood (e.g., feelings of helplessness, guilt, anxiety or depression) * Chasing - After losing money gambling, often returns another day in order to get even (chasing ones losses). Chasing is a classical behavior pattern characterizingRead MoreImportance Of Countertrade Transaction On Export Trading Companies With Examples2347 Words   |  10 Pagesmomentum. The Post-Communist states that were short in the reserves of foreign currency made Countertrading crucial for them. COUNTERTRADE STRATEGIES There are four types of Countertrade strategies that companies can use in order to survive in this kind of market and increase their earnings. The strategies are †¢ DEFENSIVE: Companies with this Countertrade strategy do not Countertrade at all. They make Countertrade type of arrangements with the buyer countries. They are not obliged to have any CountertradeRead MoreDollar General Essay2851 Words   |  12 Pagesfinancial statements formed the basis for our recommendations. We considered several alternative growth strategies for Dollar General to implement. Those strategies are, international expansion, continued domestic expansion, internal improvements, extending services, and taking the company private. We concluded that the most beneficial direction for the company is to go private thereby relieving pressure to meet short-term objectives. We also believe that Dollar General can benefit from increasingRead MoreThailand And The Philippines : Political System And Government Structures2270 Words   |  10 Pageskillings carried out under Duterte’s administration and his authoritative approach, he has a high approval rate becaus e a vast number of Filipino people support his stance on crime reduction. Thaksin, despite his economic success in relieving Thailand from its debt, is not widely favored due to corruption charges in terms of finances and human rights violations. In addition to this, he poses a threat to the monarchy due to the support he received from his economic accomplishments. Duterte’s approvalRead MoreRole of Co-Operative Banks in Agriculture Credit: Organization, Growth and Challenges2984 Words   |  12 Pages2009, further, National Sample Survey Organization (2003) in his â€Å"situation assessment survey† found that the ‘only 48.6 percent farmer households were indebted, of which only 57.7 percent were indebted to institutional agencies. In other words, only 28.04 percent of farmer households were indebted to institutional agencies. And further found that the ‘after nearly 37 years of nationalization and over 15 years of credit targeting for agriculture, in AP and Rajasthan the total debt of the farmer householdsRead MoreShaping a Path for Growth and Prosperity in Nova Scotia2195 Words   |  9 Pagestarget a new market in trade promotion or the adoption of a broader innovation strategy that focuses on science and technology across the economy. A key element of the growth commitment should be the recognition that Halifax will continue to strengthen its position within the provincial economy and that the prospects for Nova Scotia are now inextricably linked to the success of its largest urban area and what strategies could be adopted to ensure that Halifax maximizes its potential given the ongoingRead MoreFinancial Distress Air Line Industry3947 Words   |  16 Pagesvalue from creditors to shareholders. The result is a conflict of interest between bondholders (creditors) and shareholders. As a firms liquidation value slips below its debt, it is the shareholders interest for the company to invest in risky projects which increase the probability of the firms value to rise over debt. Risky projects are not in the interest of creditors, since they also increase the probability of the firm’s value to decrease further, leaving them with even less. Since these

Rock Bands Essay - 1700 Words

Along with the Beatles, The Rolling Stones are one of the most famous English rock bands to influence America. Introducing teenagers to African American urban blues, and transforming the urban blues into something like high-energized rock and roll are just some of the things the Stones brought to America (Kallen 10-11). The original line-up of the band included; Bill Wyman, Charlie Watts, Brian Jones, Mick Jagger, and Ian Stewart (Kallen 8-9). They have come a long way to get where they are now, and to this day they are still playing their music around the world. The Rolling Stones are an English rock band, they have been around since the early 1960’s. The band was brought together by Keith Richards and Mick Jagger. Richards and†¦show more content†¦In 1963 the band was hired to play at the Crawdaddy Club after a scheduled band had cancelled (Kallen20). After that night the Stones were regulars at the club every Sunday night (Kallen20). At first the band mostly attracted a quite, calm audience because they played jazz and blues while sitting on stools in the middle of the stage (Kallen20). As soon as Jagger broke out the tambourines and Jones started shaking his head of hair, the crowd wasn’t quiet for much longer. This is when the Stone’s started attracting groupies and dropouts. People came from everywhere to see them play, they got on top of tables and chairs (Kallen20). Around the time the Rolling Stone’s first started to get their name known and gain some popularity â€Å"Beatlemania† began to sweep the nation (Kallen24). Everyone knew who the Beatles were and everyone knew they were destined to be â€Å"the most popular rock and roll band of the decade,† Keith Richards stated that the Stones were trying to be the anti-Beatles (Kallen24). Richards said â€Å"we were playing the blues, they were singing pop music in suits.† (Kallen24). The Rolling Stones had their first tour to America in 1964. In Bill Wyman’s words† it was a disaster!† When they first arrived in the U.S. they didn’t have a hit song or anything like they did back in London. They did gain some fame however, when they guest appeared on a couple television shows such as; Hollywood Planet and TheShow MoreRelatedEssay on Rock Bands1708 Words   |  7 PagesThere have been all kinds of different types of rock bands throughout the years. Most of the bands have had a different type of style. All of these different types of style are what has shaped today’s music. Some of the bands from the earlier times were: The Beatles, AC/DC, Guns and Roses and the Bee Gees. The Beatles were the greatest and most powerful act of the rock era. They introduced more innovations into popular music than any other rock band of the 20th century. The Beatles grabbed a holdRead MoreThe Arctic Monkeys Rock Band741 Words   |  3 Pageswith ‘AM’. It feels like only yesterday that the band released their debut album  Ã¢â‚¬ËœWhatever People Say I Am, That’s What I’m Not’  which destroyed previous records selling 363,795 copies in the first week - provoking indie lovers to jump on the ‘I knew them first!’ bandwagon. This was 7 years ago and the group have only gone from strength to strength – gaining more and more support from typical Brits clinging on to the most successful British band in this genre since Muse who have not appeared sinceRead MoreBand Music : Rock And Roll Music1383 Words   |  6 PagesRock and Rolls Music The United States is the origin of rock and roll music. It evolved as a popular music in the 1940’s and 1950’s from a combination of Afro-American genres such as jazz, blues, country music, gospel music. Rock and roll music has some elements that are evident in blues and country music of 1920’s. However, Rock music attained its status and name in 1950’s. Saxophone and Piano were the first instruments to be used in the performance of rock and roll music but were later supplementedRead MoreAmerican Rock Band Paramore As A Case Study2319 Words   |  10 Pageschoose an American rock band Paramore as a case study. I will first start with an overview and a brief history of the band, afterwards I will focus on the main four music business areas, which are Artist Management, Record Companies, Music Publishing and Live Performance, examining how they operate in the industry and their relationship between each area and with the band. Finally, I will finish up with a conclusion and my own views. Body Text: The American alternative rock band Paramore was formedRead MoreThe Band Of The Rock Band Radiohead1504 Words   |  7 PagesOn A Friday was the first name of the English Rock Band Radiohead. The name On A Friday represented the day the members got together to practice. The band members all met at the Abingdon School, a independent school for boys, in the town of Abingdon, Oxfordshire, United Kingdom. Thom Yorke - lead vocals, guitar, piano and keyboards, Jonny Greenwood - lead guitar, keyboards and other instruments, Ed O’Brien - guitar and backing vocals, Colin Greenwood - bass and Phil Selway - drums, percussionRead MoreThe Rock Band Named Genesis Released A Song Called Land Of Confusion1533 Words   |  7 PagesIn 1986, a British rock band named Genesis released a song called Land of Confusion. It makes the listener imagine, and take another look at the world and how it is being run. Despite having a high tempo and a loud melody, it’s not a song someone can generally dance to. The song’s â€Å"pop rock† style gives an â€Å"upbeat† variety of rock music. Pop rock in nature uses only electrical instruments, which gives the song a â€Å"synthetic† sound. Phil Collins’ voice has a â€Å"metallic† sound which suppresses his BritishRead MoreThe Rock And Roll Band1361 Words   |  6 Pagesas the World’s Greatest Rock and Roll band, the song â€Å"Rollin’ Stones† written by Muddy Waters is what stemmed into the band s name. The Stones recorded and sold what is estimated to be more than a quarter million album s until the early 1980s when Jagger and Richard had a fight over musical direction and the group grew apart from each other and did not record any music for years. Soon after The Rolling Stones were accepted into the Rock and Roll hall of fame in 1989, the band got back together andRead MoreThe Rock And Roll Bands1942 Words   |  8 Pages pop, reggae, and rock and roll. Rock and roll has continued to grow since the 1950s. Some of the most iconic music comes from the 1980s, especially from the hair-bands. Guns N’ Roses, a one of the most popular rock and roll bands ever, produced some of the best rock and roll the world has seen. Back in 1985, two local bands from Los Angeles, California, combined to make Guns N’ Roses. Axl Rose manned one of the bands, Hollywood Rose, and Tracii Guns manned the other band, L.A. Guns. At theRead MoreAnalysis Of Michael Jackson s The Rock Band Nirvana s Sophomore Album1680 Words   |  7 Pagesnumber one spot on the Billboard music charts, replaced by grunge rock band Nirvana’s sophomore album, Nevermind, bringing alternative rock to mainstream and commercial success. Nirvana had started out in Seattle’s underground music scene and consisted of lead singer and songwriter Kurt Cobain, bassist Krist Novoselic and drummer Dave Grohl. Their sound was a subgenre of alternative rock known as grunge, a combination of punk rock and heavy metal characterized by heavy feedback and nihilistic lyricsRead MoreWho is the former lead singer, rhythm guitarist and main songwriter of the rock band Three Days1000 Words   |  4 PagesWho is the former  lead singer,   rhythm guitarist  and  main songwriter  of the rock band  Three Days Grace? Who was the  runner-up on the  eighth season  of  American Idol? Who is the lead vocalist of  pop rock  band  Maroon 5? I received the  Brit Awards  Critics Choice award and won the  BBC  Sound of 2008. Who I am? I sang this famous song La coppia piu bella del mondo? Who I am?   I am known as  founding member and lead singer of  both  3LW  and  The Cheetah  girls. Who I am? The studio album  And the Story

Economics for Manager

Questions: 1). We have demand equation: P = 6 Q and supply equation: P = Q. Calculate the equilibrium price, equilibrium quantity and the total surplus. Suppose government imposes lump sum tax 1$ per unit of output. Derive the new supply curve (assuming linearity) and also calculate the new equilibrium price and quantity. Is there any dead weight loss? Given the above demand equation, calculate the price elasticity of demand when Q = 5. 2). Suppose a monopolist faces a demand curve P= 10-Q. The monopolist incurs average cost (AC) which equals his marginal cost (MC). Let assume that AC=MC=8. If the monopolists marginal revenue (MR) is given by the equation MR=10-2Q then answer the following questions: Suppose this monopolist is not allowed to discriminate the price then what will be his profit maximizing output level? What will be the monopolists total profit and price at the profit maximizing output level? Suppose this monopolist knows exactly whose reservation price is what and starts price discrimination (first degree) then what will be the output level the monopolist produce and what will be total profit at that level of output? 3). Do you think Law of minimum wage is a problem? Explain. Answers: (1). The demand equation is, P= 6- Q and supply equation is, P=Q. At equilibrium the demand and supply is equal (Baumol and Blinder 2015). Therefore, 6- Q = Q 2Q = 6 Q= 6/2 = 3 By putting the value of Q = 3 (Equilibrium quantity) in the demand function or supply function, the value of P (equilibrium price) will be equal to 3. The total surplus (Revenue) is equal to PQ = 3 3 = 9 Suppose the government imposes lump sum tax of $1 per unit of output, then the new supply equation assuming linearity will look like P= Q+ 1 Therefore, the equilibrium condition will be 6- Q = Q+ 1 6- 1 = 2Q Q = 5/2 = 2.5 Hence, the new equilibrium quantity is 2.5 unit and putting the value of Q in the new supply equation, the equilibrium price will be P= 3.5. The total surplus (Revenue) is equal to PQ = 3.5 2.5 = 8.75 Therefore, the loss of revenue can be considered as deadweight loss. The amount of deadweight loss is 9- 8.75= .25. Another way of calculating dead weight loss can be obtained from the above diagram. ABC area is the dead weight loss. The area of ABC triangle is double of two small triangles within it. Hence, area of ABC triangle will be, 2 [ (3.5 3) (3-2.5) ]= 2 0.125 = 0.25. The price elasticity of demand = (Nicholson and Snyder 2014) The demand equation is Q= Q-P = -1 When Q= 5, then P= 6- 5 = 1. Therefore, the price elasticity of demand will be = -1 1/5 = -1/5 (2). The demand curve of the monopoly P= 10-Q. This is also the Average Revenue Curve. The Average Cost and Marginal Cost is equal to 8. The marginal revenue is 10-2Q. When the monopolist is not allowed to discriminate price, then the profit maximizing output is decided at a price level where, MR = MC (Rader 2014). 10-2Q = 8 2Q = 2 Q= 2/2 =1 Hence, without price discrimination the monopolists profit maximizing output level is 1. The price of monopolist will be P= 10- Q = 10- 1 = 9. The area colored in green is the monopolists surplus. The amount will be the difference between the revenue and cost. The monopolists revenue is P Q = 9 1= 9. The total cost = AC Q = 8 1 = 8. Therefore, the profit will be 9-8= 1unit. Since the monopoly knows the reservation price and starts price discrimination of first degree, then the final output will be higher. Here the quantity will be set where the AR curve equals the MC curve. Therefore, 10- Q = 8 (since, AR =MC) Q = 10-8 = 2 However, the first-degree price discrimination is known as perfect price discrimination (Rayna, Darlington and Striukova 2015). The monopoly will charge the price, which is the maximum price the consumer is willing to pay. Hence, the reservation price is 10, which is the intercept of AR curve. The monopolists profit is the area ACD. The profit of the monopoly will be (10-8) 2 = 2 unit. (3). If the minimum wage is set below the equilibrium wage of market, then imposing the minimum wage is not an issue for the firm or for the economy. This is because; if the minimum wage is below the market wage, then the firm can increase the wage rate to maintain the equilibrium in the market. However, the problem arises, when the minimum wage is set above the market price. This is because the, at the point of minimum wage above market wage rate, the demand for labor is less than the supply of labor. At this wage rate, the firm will demand less. Therefore, due to minimum wage, the problem of unemployment takes place (Meer and West 2015). More people are willing to work at this higher price but the firms reduce their demand in order to reduce their labor cost. This can be represented in the following diagram.

Summa Theologica and Natural Law

In his famous work Summa Theologica, Thomas Aquinas discusses such a concept as natural law or a system of rules which has to guide the actions of people irrespective of their culture, nationality, or religion. Moreover, in the author’s opinion, this set of rules is unchangeable.Advertising We will write a custom essay sample on Summa Theologica and Natural Law specifically for you for only $16.05 $11/page Learn More This paper is aimed at discussing Aquinas’s ideas in more detail. In particular, it is vital to show some of limitations of Aquinas’s ideas that are based on the assumption that omnipotent God has designed rules that can be intuitively comprehended by every human being. One of the arguments that the author makes is that â€Å"the normative force is the same for everyone and known by all† (Aquinas 112). This statement implies that every individual has an inherent understanding of the natural law, especially if one is speaking about ethical principles. Therefore, the actions of an individual should be evaluated according to these principals. It is possible to dispute this claim because this approach does not explain why the laws can differ dramatically in various countries or cultures. Aquinas says that â€Å"man is inclined to natural law† (Aquinas 112). However, he does not tell why this universal inclination did not lead to the creation of the state in which natural law is observed by everyone. This is one of the paradoxes that should not be overlooked. Furthermore, in many cases, people, who possess the knowledge of the natural law, can commit cruel crimes. This is one of the main objections that one can raise. Certainly, Thomas Aquinas might have responded to this objection. In particular, he could have said that a person can violate the natural law because of ignorance. Furthermore, in his work, the author speaks about the so-called â€Å"evil disposition† (Aquinas 113). Th is means that a person can be inclined to evil. Furthermore, Aquinas speaks about passions that prevent people from understanding the natural law. Nevertheless, Aquinas’s theory overlooks the complexity of human behavior. The problem is that a person’s actions can be both moral and immoral. So, one cannot speak about the so-called evil disposition. It is unlikely that this disposition exists. Moreover, intelligence does not mean that an individual will always comply with the principles of natural law. Such an assumption can hardly be called realistic. Despite these limitations, the ideas of Thomas Aquinas have profound theological implications. His conception of natural law implies that there are certain rules and principles that should be observed by every individual regardless of his/her religion, country, or culture.Advertising Looking for essay on philosophy? Let's see if we can help you! Get your first paper with 15% OFF Learn More Currently, the con cept of natural law guides the work of policy-makers and lawyers. Later the works of Thomas Aquinas influenced many philosophers who tried to identify a set of principles that could be applicable to every community. Therefore, his pioneering work should not be disregarded by people who study the history of religion or theology. This discussion indicates that the idea of natural plays an important role in the religious views of Thomas Aquinas. His belief in the omnipotence of God requires the system of ethical rules that every person has to follow. However, there are certain inconsistencies in his theory. For instance, one can speak about the complexity of people’s behavior that can involve both ethical and unethical actions. Furthermore, the author does not prove that the inclination to natural law is universal. Works Cited Aquinas, Thomas. â€Å"Summa Theologica.† Philosophy: An Innovative Introduction. Ed. Michael Boylan. New York: Westview Press, 2010.111-113.Print. This essay on Summa Theologica and Natural Law was written and submitted by user Elite to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.