Market Equilibrium Process Essay Example for Free

Market Equilibrium Process Essay Relate the concepts of the market equilibrating process in the Weeks One and Two readings and learning activities to a prior real-world experience occurring in a free market. The experience does not necessarily have to be work related. Explain the market equilibrating process in relation to your experience. Include academic research to support your ideas. Consider the following components in your explanation: †¢ Law of demand and the determinants of demand †¢ Law of supply and the determinants of supply †¢ Efficient markets theory †¢ Surplus and shortage Use University of Phoenix Material: Appendix A to create graphs illustrating the equilibrating process in price relation to the shift in supply and demand. Deliver the content as a 350- to 500-word paper, 7- to 10-slide Microsoft ® PowerPoint ® presentation, 2- to 3-minute video, or 1-page comic strip illustration. http://academicwritingtips.org/component/k2/item/932-market-equilibrium-process.html Market equilibrium refers to the selling price â€Å"where the intentions of buyers and sellers match†. This means that the quantity sellers are willing to sell at a particular price matches the quantity buyers are willing to purchase at that same price, or, in other words, where the quantity demanded equals the quantity supplied. A surplus results when the price is too high (quantity supplied is more than consumers are willing to buy) and a shortage occurs when the price is too low (quantity demanded is more than quantity supplied). The equilibrium price changes when there is a shift in either supply or demand. The market is made up of two basic groups, households and businesses. These two units buy and sell goods and services from and to each other. The market system uses competition among buyers and sellers to regulate the price of available goods and services. Theoretically, this insures that no one buyer or seller will be able to monopolize the market because others can c ome in and undercut the price. Supply and demand are affected by changes in consumer preferences, number of buyers in the market, consumers’ incomes, the prices of related goods, and consumer expectations. The economy is currently in a recession, or depression depending on whom you ask, that has greatly affected these determinants of demand. Many industries and individual consumers have seen a steep decline in income due to this market low period. The recession has had a significant affect on the construction industry in which this author currently works. There is currently a surplus of commercial and residential properties on the market. This surplus discourages businesses from starting new construction projects. This has led to businesses reducing their workforces which has in turn led to consumers reducing their spending and has become a circle of lower buying and selling. The construction industry was not the only one affected by this cycle. Nearly all industries that depend on consumers discretionary funds, those not spent on necessities, were affected. Large manufacturers that have been around forever went bankrupt and small companies everywhere  suffered the same fate. The United States economy is market based. Sellers and consumers are free to trade in any way that works for them with relatively little interference from government. This system allows the price of products and services to be set by supply and demand and determines the allocation of limited resources. Suppliers and consumers are connected in a circle of buying and selling, and when there is a major shift in the economy all can be affected. References This is a hanging indent. To keep the hanging indent format, simply delete this line of text using the backspace key, and replace the information with your reference entry. http://www.e-m-h.org/introduction.html http://www.healthmr.com/resources/newsletter-archive/1011-fa-3-ways-to-increase-revenues-in-home-health-and-hospice http://academicwritingtips.org/component/k2/item/932-market-equilibrium-process.html http://ajrccm.atsjournals.org/cgi/content/full/165/6/750 http://en.wikipedia.org/wiki/Supply_and_demand

Rates of Reaction - Sodium Thiosulphate and Hydrochloric acid Essay

Rates of Reaction - Sodium Thiosulphate and Hydrochloric acid In this piece of coursework, I will study how concentration affects the rate of reaction. I will do so by timing the reaction of Sodium Thiosulphate with an acid. In this coursework, I will include background knowledge, prediction, safety, results, calculations, graphs, an analysis, conclusion and an evaluation. In my evaluation I will comment on how reliable my results were and how I could have improved my coursework in any possible way. The definition of rate of reaction is ‘The speed at which a chemical reaction takes place’. The factors that affect the rate of reaction are:  · Use of a catalyst  · Temperature  · Surface area  · Concentration I will be investigating Concentration in this experiment. In a higher concentration there are more Sodium Thiosulphate particles. This means there is a higher number of collisions which will have enough energy to react. This causes the rate to increase. The time it takes for a change to take place can be measured and can be estimated. For a reaction to take place 2 reactants must collide and the collision must have enough energy. Prediction I predict that as the concentration of the Sodium Thiosulphate increases the rate of reaction will increase. This can be proved by relating to the collision theory. I predict that as concentration is increased the amount of time taken for the reaction is halved. Safety Issues There are many safety issues that need to be considered while doing this experiment. These include:  · Wearing safety goggles at all times. If acids or any other chemicals are spilt, they would cause serious damage to the skin and eyes.  · Ties and long hair should be kept away from the experiment.  · If an accident ... ... my evidence of this experiment is reliable because I did it with precision and carried it out carefully. I thought that I might have some anomalies but there were not any. I can prove this by using my prediction earlier in the experiment. I said that â€Å"as concentration is increased the amount of time taken for the reaction is halved.† I would have been perfectly right but I made a mistake while measuring. To improve my results, I would use a wider range of concentration and different acid solutions. This would help me to find a pattern and come to a firm conclusion. Overall I think that this experiment was a success as I have proved that concentration does affect rate, and I have also found that when the concentration is doubled the rate of reaction is halved. To draw a firm conclusion I would need to get more results, less inaccuracies and better measuring methods.

Black people Essay

THE SOCIAL CONSTRUCTION OF RACE/ETHNICITY IN THE FILM GLORY ROAD Race and Ethnicity have been socially constructed to pertain to certain qualities and attributes that have been generalized to the entire race or ethnic group. A few such constructions may include a belief that Asian people are smart yet physically small, Africans are physically blessed while not as mentally gifted and that white people are somewhere between the two. It is also socially constructed that Muslims are angrier people and that Hindus are strictly cultural. These attributes based on ethnicity and race have been falsely constructed by the society due to roles adopted or forced upon by these various social groups based on historic events. I have chosen to depict the race and ethnic construction in a 20th century American society through the movie Glory Road. Glory Road is a movie based on a true story that revolves around the difficulties and hardships faced by the basketball team of the Texas Western University. The movie shows how the team was a victim of an extremely harsh form of racism. It follows the story of a coach named Don Haskins who is responsible for recruiting a team of African-American players in addition to the existing ‘white’ players to play for the University team. In this movie, it has been clearly shown that African-American students, or ‘negro’ students as they are referred to in the movie are looked down upon by the society consisting of a majority of ‘white’ people. The white people believe themselves to be superior to the blacks and thereby treat them with extreme hostility. This was a continuation of the racial inequality that stemmed from the system of slavery in America. As the team of ‘negro’ players begins to gain popularity, the dissent in the dominantly white society escalates rapidly. Hostile crowds receive the team as they travel across the country playing basketball. These crowds throw things at them, vandalize their motel rooms with blood smeared walls and even go to the extent of brutally hurting one of the ‘negros’ when he goes to a restroom. It can be understood, that the negro player has been socially constructed to be inferior simply due to their ethnicity. They are believed to be less intelligent and are even compared to monkeys by a rival coach in the movie. However, due to the recent success of this dominantly black team, the whites begin to feel inferior to them and thereby retaliate physically through violence. The plot of the movie is created due to a break in the conventional social construction that the basketball team of a University is comprised of white students. White students who were trained by a white coach and studied in a University filled with white students. This was the norm that was being challenged by the coach Don Haskins who simply wanted to give these ‘negro’ students an opportunity to receive an education. Racial inequality in the education system is depicted in the movie through scenes that emphasize a majority of college students being white and the surprise on their faces when they see a black student in their school. Forms of personal racism are also shown in the movie such as stereotypes, prejudice and discrimination. Members of the board for Texas Western even exhibited quiet racism. They did not outwardly show their discontent for coach Haskins’ movement but they did feel uneasy about it. However, their uneasy feelings began to change when they heard of the team’s success, which leads us to believe that they were racist only for as long a time period as there was no direct benefit to them as individuals. The competing social construction would be one in which there was no differentiation based on the race/ethnicity of the players belonging to the team. It would be a construction where the blacks were not suppressed and thought to be inferior to whites. I believe that an example of a competing social construction would probably be the construction of our society today, where students are not discriminated based on their ethnicity but are encouraged to participate and selected based on their individual skills and talents. The potrayals in the movie directly correspond to the norms of our present day where people believe African Americans to be more athletically inclined but less intelligent than white people. This norm is harmful and beneficial to both parties. It means that a black person is more like to be hired for an athletic position but less likely for a working job and the exact opposite for a white person. Studies in the present day have indicated that a black person is only 33% as likely as a white person to get a job even if they both apply with identical credentials. It has been shown that the unemployment of black people is twice as high as that of white people (Newman, 166). The times are rapidly changing. Movies such as glory road bring to light the inhumanity that has been dominant in societies of the past that lead to discomfort and a hostile environment. People are more aware of things such as an abolition of discrimination and a promotion of equality as they aim towards times of peace. History was made in 2008, when a man of black origin was made President of the same country in which blacks were hated just a few decades ago. The name of this man was President Barack Obama. It represented a transition to a time with more equality and less racial discrimination. These are direct results of the efforts of movies such as glory road and also the efforts of various activists through the generations. Even though race and ethnicity were socially constructed, the norms are beginning to change in our modern world where every person is given an equal opportunity to achieve the goals they dream of.

The Dangers Of Cigarette Smoking Essay - 1669 Words

People smoke cigarettes for various reasons. Some smoke only when they are drinking alcohol and others smoke regularly. The level of smoking among the regular smokers varies from individual to individual. There are those who smoke a cigarette or two during the day and their others who smoke at least a pack a day. How people start to smoke varies. The main entry point however is peer pressure. Many smokers came to be introduced to the habit at a young age in either high school or in college or to better state it, while in that age group. Over the years, cigarette smoking has become associated with lung cancer, other forms of cancer and health issues. The number of deaths that come as a direct result of smoking has been very high. The families of those affected are left without their loved ones and with their financials significantly depleted from attempts at treatment. It is these health concerns about cigarettes that makes it an interesting topic that needs to be looked at from a historical microscope. Origins of Cigarette Cigarettes seem to have originated from parts of Mexico and Central America in the 9th century (Proctor, 2012). Some of the famous tribes and people known to have smoked cigarettes are the Aztecs and the Mayas. According to Proctor (2012) they smoked tobacco and other drugs with psychedelic effects when they performed religious rituals. This is actions have been depicted on their temples and pottery. In North America, tobaccos started being grown as aShow MoreRelatedThe Dangers Of Smoking Cigarettes786 Words   |  4 PagesDangers of Smoking Cigarettes are everywhere. They’re sold in almost every gas station, pharmaceutical store, and even ordinary grocery stores in the United States. Cigarettes have endorsements from celebrities, big tobacco companies, advertised on billboards, and through commercials. Smoking is a problem because it causes diseases which cost billions of dollars a year in healthcare. It is also the leading cause of diseases and deaths in the US. Smoking cigarettes is an unhealthy habit that unfortunelyRead MoreThe Dangers Of Cigarette Smoking1417 Words   |  6 Pagesrisks of smoking (Doll 1998). Links between smoking and malignancy of the lip and mouth were made as early as 1795 (Sà ¶mmering), with more recent studies linking smoking with lung cancer and vascular disease (Doll 1950, Doyle 1962). Smoking was initially an accepted ‘social norm’ in society, viewed simply as a glamourous habit, with little attention paid to tobacco’s addictive nature (Cummings 2016). The conc ept of physical, and more so psychological, addiction in relation to cigarette smoking is a relativelyRead MoreThe Dangers Of Smoking Cigarette Smoking Essay1627 Words   |  7 Pagesbecome popular around the globe, such as cigarette, cigar, e-cigarette, and chewing tobacco. The origin of the tobacco plant was in North and South America where the American Indian utilized tobacco for religious and medical purposes. Later on, many forms of tobacco have been created and harmful substances have been integrated in. After world war 1, the use of cigarette became significantly notorious. Several decades later in 1964, the hazards of smoking cigarette became known to the public (Boston universityRead MoreThe Dangers of Cigarette Smoking1040 Words   |  5 PagesCigarette smoking is a dangerous habit that most users regret starting on. Nowadays, smoking can cause health problems for any human. Whether or not cigarette smoking should be banned completely, has become an object of controversy in many countries. Some people think that smoking cigarettes are a helpful way to reduce stress for the moment. In my point of view, tobacco smoking has seriously negative effects such as smoking-related cardiovascular diseases, respiratory diseases, cancer and it costsRead MoreA Study On Death Rates Essay1554 Words   |  7 Pagesbeing accompanied by Lagavulin 21 scotch or smoking a cigarette after a fulfilling dinner. Stress fallows everyone and ways to coping the pressure can be tremendous and dangerous to our health for example smoking of the cigarette. Smoking is a kind of reliance depending upon the opiate effect of nicotine on the brain and tangible framework. Cigarette smoke is tremendously hurtful to your health. There is no sheltered approach to smoke. Supplanting your cigarette with a stogie, channel, or hookah wouldRead MoreEssay On Cigarettes Should Be Banned707 Words   |  3 PagesIf you had the chance to save your own life, or even the lives of everyone around you, would you take it? Choosing to light another cigarette is choosing to commit another murder and taking another stab at your lungs. Smoking is the cause of one in five deaths each year in the United States alone. Since cigarettes can be considered a mass murder, they should be banned. They are dangerous to smokers and everybody around them, and that makes them vulnerable to secondhand smoke. Smokers are more proneRead MoreEffects of Banning Smoking Advertising Essay1657 Words   |  7 PagesEffects of Banning Smoking Advertising Cigarettes are some of the most abused drugs in the world and the effects associated with smoking have greatly influenced the intervention of health professionals concerning the legality of smoking advertisements. Ethical and legal issues have come up over the essence of restricting or completely banning cigarette advertising to reduce the number of affected individuals. Cigarettes have since time immemorial been established to cause a wide range of infectionsRead MoreElectronic Cigarettes Vs. Conventional Cigarettes928 Words   |  4 PagesAn e-cigarette is a device that some are using as their alternative to smoking a traditional cigarette. Using electronic cigarettes is commonly known to the younger demographic as â€Å"vaping†. The theory? It’s a stepping stone to ultimately stopping the addictive habit of smoking altogether; by offering an alternative that is supposedly less damaging in the long run. According to the National Institute Drug Abuse website (2015 ), the outer structure can either resemble a â€Å"traditional† cigarette orRead MoreTobacco And Its Effects On The American Economy968 Words   |  4 Pageshand-rolled a cigarette or stogie. On the normal, individuals smoked around 40 cigarettes a year. The principal business cigarettes were made in 1865 by Washington Duke on his 300-section of land ranch in Raleigh, North Carolina. His hand-rolled cigarettes were sold to warriors toward the end of the Civil War. It was not until James Bonsack concocted the cigarette-production machine in 1881 that cigarette smoking got to be broad. Bonsack s cigarette machine could make 120,000 cigarettes a day. He startedRead MoreThe Cipollone Vs. Liggett Group, Inc. Case Against Three Tobacco Companies749 Words   |  3 PagesCipollone, due to lung cancer. Mr. Cipollone claims that the tobacco companies had failed to inform his wife of the risks that came with smoking. The jury agreed that the tobacco companies had failed to warn smokers of the dangers prior to 1966. â€Å"The jury also found that Mrs. Cipollone had voluntarily and unreasonably encountered a known danger by smoking cigarettes and that this conduct by Mrs. Cipollone proximately caused her lung cancer and death† (CIPOLLONE v. LIGGETT GROUP, INC†). It was decided