Micro Commentary Essay

782 words - 3 pages

2

IA Economics

IA - 1Alex de HemptinneIB Economics - HLMr. BarrosInternal Assessment 1Word count: 739U.S. sugar subsidies are a sour deal for taxpayersHarrop, Froma. "US Sugar Subsidies a Sour Deal for Taxpayers." NewsObserver. N.p., 24 Oct. 2013. Web. 14 Jan. 2014. <http://www.newsobserver.com/2013/10/24/3309351/us-sugar-subsidies-a-sour-deal.html>.The U.S. government has attempted to restore its economy after the great recession by helping out local sugar farm businesses. To do this they have made use of government incentives. Some of these include subsidies and price support systems. Subsidies are sums of money supplied by the government to lower the producer's production costs. On the other hand the price support system is a government system in which they maintain the price of a good, sugar, at a price higher than the equilibrium. These guarantee a constant income for the sugar producers. However this can create an impact in the large-scale sweets production.In the graph below (Graph 1) we can see how the price support system has affected the sugar market in the United States. The equilibrium price for the Domestic sugar market is higher than the international price market. However, the US government set a tax on the imports. With the import tax, the producer and consumer surplus decrease thus in the long run they're not actually making any profit. The consumer surplus is the amount that the consumer is willing and able to pay at a given time and the producer surplus is the amount that the producer is willing to receive at a given time. However this results in a deadweight loss, which is a loss of economic efficiency.In the following graph (Graph 2), one can state that there is a decrease in supply of sweets for the large scale candy making businesses. This is due to the high input prices of sugar. This significant increase in sugar prices causes the supply curve to shift leftwards, so at a given price less of the product will be produced, therefore raising the equilibrium price. This higher equilibrium price will affect also the quantity demanded by the consumers, which will decrease as the prices rise.The sugar market is relatively inelastic for every day sugar consumers as it is a necessity and something people use regularly. That means that a change in price...

Find Another Essay On Micro Commentary

Invisible Social Rules: Girl Code-- The Rules of Female Interaction

1497 words - 6 pages by offering critical commentary about their own bodies. Symbolic Interactionism From the perspective of symbolic interactionism, which is the sociological theory that focuses on the subjective meaning of human behavior on a micro-scale, body bashing allows the women involved to achieve a consensus regarding the definition of the situation. In other words, body bashing creates a bond between women that creates a shared understanding of the

Modern Sculpture Americanoom Essay

2149 words - 9 pages the end, every person seeks the same escape: selfish salvation. Both works can be analyzed from a micro and macro-level perspective, to imply specific social commentaries in regards to their corresponding countries and general society. It is nearly impossible not to be visually seduced by Americanoom’s bold statement. Its rough edges and harsh substance certainly seem to belong amidst its inevitably intriguing time period of assertion. The

Dramaturgical Analysis

1548 words - 6 pages individual. When “performing”, people are able to hide things about themselves that may not be consistent with the rituals of the audience. It would appear that many rehearse their performance, allowing themselves to correct any flaws in their performance before giving it. The theory of dramaturgy is considered a micro theory, under the category of “interpretive”, which also includes interactionism, ethomethodology, and phenomolohy. In The Presentation

Mass Media Mistakes: Implications of Archaeological Misportrayal

1429 words - 6 pages promote singular ideology through Web-based media. The growth of the internet has brought widespread access to individuals around the world. This has been beneficial to archaeology in some respects as there is a now a virtual world of archaeology online that gives people access artifact databases and individual micro-histories. In other regards, this electronic “mediascape” contains material that is highly partial and unstable. Similar to

Asian Business Environment-China

4764 words - 20 pages be designed. This process includes social innovation.During the transition, the most important change in the micro-management institution was the replacement of collective farming with a household-based system known as the household responsibility system (Fan 1991). The reform of the micro-management system has achieved its intended goal of improving technical efficiency (Fan 1991). Despite an improvement in productivity, the profitability of the

Legislation and the Teaching Occupation

2383 words - 10 pages who will be affected. The fifth chapter of The Governance of Curriculum is a commentary from the perspective of Ken Nelson, chair of the Minnesota House Education Finance Committee. He points out that most attempts come up short due to too much micro-management. Such attempts can be stifling to the creativity and motivation of educators. Nelson argues for a broader approach to educational legislation, one that allows room for educators to

Social Media Integration

1962 words - 8 pages updatable, unlimited in commentary, you can gauge popularity instantly, mixed media possibilities and offers a freedom to participate (Stokes, R., 2010). The following are some aspects of social media. Social networking sites: Social networking sites are one example of social media. The building of these social networks requires the use of software (Stokes, R., 2010). Social networking sites purpose is to create profiles in such sites and form

Effective Use of Technology by Terrorists

2165 words - 9 pages realities like “Second Life.” Second Life is a video is an online world where you can be whoever you want to be and can do things you would do in real life. It is basically like a real world simulator. What the terrorist do with these online virtual realities is that they use them to plan their attacks and use it for the recruitment of fellow terrorist. They also use micro-blogging websites and services like twitter and such to be able to do

Protest Against the WTO in Seattle

2359 words - 9 pages commentary and reports. Several micro-power broadcast stations were used to reach all over the world by anyone with Internet access. However, many people around the world did not have access to the Internet and computers. Thus, Indymedia used the Internet to send audio files and text files that were rebroadcast on local radio stations and printed into flyers and newsletters so everyone could be informed. The information sent around the world by these

Botulism or Sausage Poisoning

1878 words - 8 pages for development of infant botulism. 3.4 Intestinal botulism in teens and adults Colonization of C. botulinum type B and rare type A cause the intestinal botulism following intestinal surgery and antibiotic administration which can change the gut’s micro-flora. Normally, intestinal botulism caused from other species of toxigenic clostridium other than C. botulinum such as C. baratii, C. butyricum, C. difficile and C. perfringens. 3.5

The World of Information Management Professionals

2615 words - 10 pages observed appear to be professionals in a very wide range of businesses and organizations and spread over a very wide geographic area. Businesses represented include Advanced Micro Devices, Inc., Ameritech, Astorino (an architectural firm), Concept Searching, Inc., FBL Financial, Firelock Fireproof Modular Vaults, Freeport-McMoRan Copper & Gold, Montaña & Associates (a law firm), National Records Management and Library Placement Firm, SBC Global

Similar Essays

The Causes And Effects Of Micro Leakage In Posterior Composite Restorations; How Can Dentists Minimize These Phenomena

1242 words - 5 pages CAUSES OF MICRO-LEAKAGE Material An article written by Bagis et al. compared micro-leakage between silorane-based resin composite and nanohybrid-based resin composite restorations. The results of the study concluded that the enamel and dentin margins for silorane-based resin composite restorations showed no leakage. The nano-hybrid-based resin composite restorations presented with varying levels of leakage. Applying the findings of this study, a

Education And The Inequalities Of Place

918 words - 4 pages status vary based on place. Inner city and rural students disadvantaged in this sense. Thus, achievement and attainment are affected by family and school resources through educational investment in these institutions. (P 2135) Critical Analysis: Using theoretical and empirical data is a strong point in this article. In order to support their arguments they use the micro level researches which are done already by other scholars. Also, through the

Watson's Role As A Narrator In Sir Arthur Conan Doyle's Sherlock Holmes

3455 words - 14 pages discourse, fails as an accurate observer because the information he obtains not only is unreliable, but stems from the misperceptions of the masculine discourse. Although varied, a majority of secret histories have an active narrator, which provides a running commentary throughout. Hattige provides a perfect example of such commentary with an extensive preface from the translator. The text as it is framed for the English reader has a preface which

Regime Change In Conveyancing: The Dawning Of The Electronic Conveyancing National Law A Victorian Perspective

695 words - 3 pages of a common electronic platform for conveyancing matters between seven (of Australia’s eight) jurisdictions. Devised as the centrepiece of the micro-economic reform package agreed to at COAG’s 2008 meeting, the creation of the Electronic Conveyancing National Law (‘ECNL’) was one of a tranche of reforms placed under the umbrella title of creating a seamless national economy. Designed as the national extrapolation of the system already in place