Thursday, January 30, 2020

Macroeconomic Situation Essay Example for Free

Macroeconomic Situation Essay The economic situation in the United States today could be considered as one of the deepest crisis the mankind has seen in so many years. The GDP growth rate of the country has decreased and ultimately got in the negative figures. The GDP growth rate in the year 2009 was -2. 4%, the inflation rate of the nation got around at 2. 2%. After the credit crisis and the subprime crisis, the overall economy was hampered with phases of rapid unemployment and bailouts for biggest financial sector companies. The overall trust in the service sector was reduced to a considerable level. The unemployment rate in April 2010 was estimated around at 9.9%. Due to continuous decrease in the growth rate of economy, the level of public debt also increased and reached $12. 28 trillion (January 2010) which is 84% of GDP. (â€Å"National Economic Accountsnd†) But after the deep recession period, the economy is finally showing some signs of relief and recovery now. Though the expected growth rates are still negative, still the cumulative growth rates are expected to be better in the coming financial year. Provided the amount of the economic unscrambling the nation had witnessed in winter 2008-2009, the recovery pattern is still very weak, most importantly in persistent financial difficulties. The US congress and Federal Reserve have taken a number of steps in order to ensure that the current financial condition could be stabilized and active efforts could be made towards recovery and growth. The most extraordinary of those were producing a Primary Dealer Credit Facility and helping the acquisition of Bear Stearns by J. P. Morgan Chase. The Federal Reserve along with the Congress has continued to use the conventional macroeconomic tools in order to combat the current situation. (â€Å"The Current Economic Situationnd†) The bailouts and government intervention into an otherwise free market are indications of such steps initiated by them. Taking account of the steps taken by Federal Reserve, the short term rates have fallen but still the amount of risk in the interbank loan market has not changed much over the time. References: The Current Economic Situation: Retrieved on 5th June 2010 from website: http://www. cbo. gov/ftpdocs/90xx/doc9078/Chapter2. 4. 1. shtml National Economic Accounts: Retrieved on 5th June 2010 from website: http://www. bea. gov/national/index. htm

Wednesday, January 22, 2020

Macbeth Vs Hamlet :: essays research papers

Thesis: Shakespeare used the same definition of tragedy when he wrote Macbeth, and when he wrote Hamlet; Shakespearean tragedies use supernatural incidents to intrigue the reader's interest, and his plays consist of a hero that has a tragic flaw (sometimes the want for the supernatural) which causes him to make a fatal mistake.I. Introduction II. Spirits III. Comparison IV. Conclusion Shakespeare always used the same elements of tragedy when he wrote his tragedies. These tragedies can be compared easily, especially Macbet and Hamlet. Shakespearean tragedies use supernatural incidents to intrigue the reader's interest, and they consist of a hero that has a tragic flaw (sometimes the desire for the supernatural) which causes him to make a fatal mistake. Shakespeare followed this pattern in all of his tragedies; therefore the similarities between Macbeth and Hamlet can easily be defined and discussed.Shakespeare immediately started Macbeth with a supernatural scene. The three witches s et the somber and evil tone of the plot. In Hamlet, Shakespeare also presented a supernatural occurrence close to the opening. The ghost of Hamlet's father presented itself to Hamlet with a chilling story. In both situations, the tragic hero was not sure whether the spirits were good or evil. The presentation of the supernatural began to lead to the final downfall of each of the characters. In Macbeth, the three witches caused him to think and do evil deeds. If he had never met the witches, he would not have been tempted to murder the king; therefore, he would not have placed himself in the position that he felt he needed to kill everyone who crossed his path. If he hadn't been so treacherous, Macduff would not have called for war, and he would not have murdered him. In Hamlet, if he had not seen the ghost of his father, he would not have known that the reigning king had committed murder to gain the throne.

Monday, January 13, 2020

Quasi Contract Essay

A legal agreement created by the courts between two parties who did not have a previous obligation to each other. A normal contract requires two parties to consent to mutually agreeable terms. Under a quasi contract, neither party is originally intended to create an agreement. Instead, an arrangement is imposed by a judge to rectify an occurrence of unjust enrichment. Investopedia explains ‘Quasi Contract’When one party knowingly receives something for nothing, the courts may impose a quasi contract. For example, if UPS delivers a new television to Zoe that she did not order and she keeps the television and does not attempt to return it to the company that mistakenly shipped it to her, a judge could impose a quasi-contract to force her to pay for the television. Zoe did not intend to purchase the TV, and the TV company did not intend to sell her a TV, but since she chose to benefit from the TV at the company’s expense, the court requires her to reimburse the TV co mpany to make the situation fair. Read more: http://www.investopedia.com/terms/q/quasi-contract.asp#ixzz2Gnf6KBD4 What does Quasi Mean? Source: http://answers.ask.com/Reference/Dictionaries/what_does†¦ The word quasi means almost, sort of, near, not exact, or imperfect. It is when something is close to the original, or has traits of the original, but is not 100% perfect in comparison. A few examples are knock off purses and counterfeit money. For m More  » What is a quasi contract? Source: http://www.ehow.com/facts_5139973_quasi-contract.html?r†¦ A quasi-contract contract exists when one party has conferred a benefit on another; the party who conferred had reasonable expectation of getting paid; the party did not act as a volunteer in conferring the benefit; and the party receiving †¦ More  » What does quasi contract mean? Source: http://www.audioenglish.net/dictionary/quasi_contract.h†¦ 1. a contract created by law for reasons of justice without any expression of assent More  » What does quasi mutual assent mean in relation to the  contract? Source: http://wiki.answers.com/Q/What_does_quasi_mutual_assent†¦ When one being induced into contract without formal acceptance but only show with signs and actions that she or he accepts the offerer’s contract. More What is genuine consent? It is consent given freely, voluntarily and intelligently. The definition presupposes that: (a) the person giving the consent is qualified to do so. A minor under 18 for example cannot give his consent to a contract unless assisted by a legal guardian. (b) the consent-giver is not under duress, fraud, intimidation, undue influence, mistake, force, violence or threat. For example, a person who married under pain of death can later impugn the marriage for lack of consent (c) that the consent-giver is of sound mind. A crazy person or one heavily intoxicated cannot give consent unless it is given during a so-called lucid interval. All contracts are agreement but all agreement are not contracts Answer; A contract is a legally binding agreement or relationship that exists between two or more parties to do or abstain from performing certain acts. A contract can also be defined as a legally binding exchange of promises between two or more parties that the law will enforce. For a contract to be formed an offer made must backed acceptance of which there must be consideration. Both parties involved must intend to create legal relation on a lawful matter which must be entered into freely and should be possible to perform. An agreement is a form of cross reference between different parties, which may be written, oral and lies upon the honor of the parties for its fulfillment rather than being in any way enforceable. All contracts are agreement because there must be mutual understanding between two parties for a contract to be formed. All parties should agree and adhere to the terms and conditions of an offer. The following cases illustrate ways in which all contracts are agreements; In the case of invitation to treat, where an invitation to treat is merely an invitation to make an offer. When a firm’s offer is accepted it results into a contract provided other elements of contracts are accepted. Considering person A buying a radio on hire purchase from person B who deals with electronics and its appliances. Both parties must come to an agreement on payment of monthly installment within specified period of time. Such an agreement result to specialty contract which a contract under seal. All contracts are agreement until avoided for example, avoidable contract where one of the parties can withdraw from it if s/he wishes. This occurs due to minor agreement and misrepresentation or undue influence. Considering a case where person A make contract with person B but during the contract period B realizes that he was engaged to perform an agreement under undue influence. Mathematical Proof of the Rybczynski Theorem Mathematical Derivation (Source: Steve Suranovic 2005) The Rybczynski theorem demonstrates the effects of changes in the resource endowments on the quantities of outputs of the two goods in the context of the H-O model. One can apply the theorem anytime some change in the model causes a change in one of the endowments. This could occur as a country invests and thus raises its capital stock, if immigration or emigration occurs or as population growth or growth of the workforce occurs for other reasons. We use the two resource constraint conditions which must be satisfied in an equilibrium. (5c)| | (5d)| | The asterisks indicate that these unit-factor requirements are the optimal levels derived from the cost minimization exercise and are functions of the wage, w, and the rental rate on capital, r. We will assume that wages and rents remain fixed which implies that output prices remain fixed as well. Differentiating (5a) and (5d) with respect to L yields, (8a)| | (8b)| | Writing these in matrix form yields, This expression can now be solved using Cramer’s Rule to get, (9a)| | (9b)| | Whether these partial derivatives are positive or negative depends on the  signs of the denominator. Assume the denominator of each expression is less than zero.   Ã‚  This means that the denominator is negative if and only if production of good one is capital-intensive and production of good two is labor-intensive. So, let’s suppose that good one is capital-intensive (good two is labor-intensive). Then, since each unit factor requirement is positive. This implies, that if good one is capital-intensive (good two labor-intensive) and if the labor endowment rises, then the output of good one would fall and the output of good two would rise if output prices of both goods remained the same. If we conducted the same exercise for changes in the capital endowment, and we continue to assume that good one is capital-intensive and good two labor-intensive, then we would show that,  if we assumed the converse, i.e., if good one were labor intensive and good two capital intensive, then the signs of all of the above derivatives would be reversed. These results lead to the following general statement of the Rybczynski theorem. If a factor endowment in a country rises (falls), and if prices of the outputs remain the same, then the output of the good that uses that factor intensively will rise (fall) while the output of the other good will fall (rise).

Sunday, January 5, 2020

Love Marriage vs Arranged Marriage! - 635 Words

Education and media played a vital role in changing the perception of the Indian mind. Love marriage is supposed to provide freedom and more independence as compared to arranged marriages where the girl/boy is chosen by the parents. The usual question of love marriage voters against arranged one is that how can anyone marry the person whom they don’t know? Amid popular love lore like Soni Mahiwal, India always had a long tradition of arranged marriages. With the advent of the British and the subsequent introduction of British education system more Indians got educated. Education and exposure to the media, started to make people to think and realize they need not be bound by tradition and they can choose their own marital partners†¦show more content†¦If they them self chosen their partner and had a perfect tuning then why this unhappy end of the relation after marriage? Perhaps to avoid this kind of ending, now-a-days youngsters prefer arranged marriages. It is thought that arranged marriages happen only in the east but this was not always so arranged marriages were happening even in Victorian Europe. The best part in an arranged marriage is that parents and the family is happy and they them self arrange the marriage. There is no tears and no battle for their permission. Arrange marriage offer more protection and security to the women. There is not much pressure on the women to look like models. Parents employ maturity and wise judgment when choosing suitable spouses for their children. Caste system gave birth to arrange marriages, as the upper caste families didn’t want their children to marry outside their community and caste. In some case, by love marriage people lost all things like parents, society and religion. But after World War II and industrial revolution people’s perception started changing and they became familiar with the concept of love marriages. Slowly but steadily, love marriages are acceptable in Indian society also. To decide which one is ideal is an unending debate. Love or arranged both is based on empathy, responsibility, commitment, love and concern. A marriage needs a lot of dedication and effort to sustain theShow MoreRelatedArranged Marriage vs Love Marriage1619 Words   |  7 PagesArgumentative Essay Arranged Marriage Vs Love Marriage Marriage is a relationship that bind of a spouse in formal event and registered by law as to declare a husband and wife. Marriage is key to form a family into larger as a basic unit in social system. Marriage also bind of the emotional relationship where both spouse are sharing their life together as to form a family. 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They soon decided to get married and in the course and preparing for their wedding, many comical interactions take place between the couple, Toula’s big Greek family, and Ian’s small family. In the end, the wedding is successful and both familiesRead MoreMarriage Is The Formal Union Of A Man And A Woman1661 Words   |  7 PagesMarriages in Different Cultures Introduction The official definition of marriage is â€Å" the formal union of a man and a woman, typically recognized by law, by which they become husband and wife.† In the United States, a marriage between man and woman, man and man, and woman and woman is recognizable. It is a union between two people who vow to stay with each other through thick and thin. They have many expectations and hope for the best. In different cultures, marriages are performed in different