Production Possibility Frontier ( Ppf ) Essay - 952 Words

1. Production Possibility Frontier (PPF) is a graph that shows the potential combinations of goods that an economy is able to produce given available technology and factors of production. ïÆ'Ëœ Its slope is negative, shape is concave or bowed, points inside are inefficient, a point on the PPF are efficient and attainable, point above are unattainable and also require economic growth. ïÆ'Ëœ Economic growth is achieved by increasing the economics’ growth, ability to produce. 2. Opportunity cost is the value of next best option. Giving up one thing to do something else. ïÆ'Ëœ Parts of opportunity cost are explicit costly (money spent along the project to make it happen, for the task to be done perfectly money and labor need to be involved, e.g. Boss paid workers for their project, students pay tuition to enroll in class and all other amenities involved.) and implicit cost (one’s time value or origin in the next best alternative. The time incorporated in order to run out the next best option). 3. Macroeconomics deals with large scale phenomena. Microeconomics deals with the options of small economic unit. ïÆ'Ëœ Microeconomics involves supply and demand in an individual market, individual consumer behavior, and externalities arising from production and consumption; while, macroeconomics involves monetary/fiscal policy, reason for inflation and unemployment, and international trade/ globalization. ïÆ'Ëœ Microeconomics discusses topics like individual labor market, consumer behavior, and theoryShow MoreRelatedMicroeconomy Homework1744 Words   |  7 Pagesboth countries D) good Y is the same for both countries Production Possibilities Frontier Questions 16 to 18 refer to the figure below 16) Point C on the production possibilities frontier in the above figure illustrates A) a point that achieves production efficiency B) a combination of goods and services that cannot be produced efficiently C) a point that achieves greater production efficiency than point A and B D) a production point that underutilizes resources 17) In the above figureRead MoreIb Work822 Words   |  4 Pagesof Beckham uses economic resources to produce tea and crumpets. Use the following production possibilities frontier for questions 3–4. 3. Economic growth is best represented by a movement from k. A to B l. B to C m. C to D n. D to E o. E to A 4. The shape of this PPF tells us that p. economic resources are perfectly substitutable from production of tea to production of crumpets. q. citizens prefer that an equal amount of tea and crumpets beRead MoreAssignment Questions On Economic Principles1049 Words   |  5 Pageseconomists to make decision of the alternative use of scarce resources. By using production possibility frontiers (PPF) can be illustrated the opportunity cost to result a clear simple way to effects of making economic choice. A PPF is show the consumers goods and consumers services at the same time. B) Suppose that the two goods that the country AMP produces Apples and Mobile phones. If the production possibility frontiers (PPF) were a straight line, the additional of the unit of mobile phones requiredRead MoreEconomics687 Words   |  3 Pages a. Use a production possibilities frontier graph to illustrate the trade-off to an economy between producing consumption goods and producing capital goods. Is it likely that the production possibilities frontier in this situation would be a straight line or bowed out? Explain briefly. b. Suppose a technological change occurs that has a favourable effect on the production of capital goods but not on consumption goods. Show the effect on the production possibilities frontier. c. SupposeRead MoreEconomic Models Are False And So Government Should Ignore Their Predictions1469 Words   |  6 Pagesmonitored to understand and predict for the future benefit that is where the economic models are helpful. There are several economic models that helps in predicting economic activities among them is production possibility frontier model (PPF). Production possibility frontier model shows the maximum production capacity of the business by utilizing all the available resources like manpower, land, capital and other resources (Khan, n.d., para. 4).This will help to maximize the employment and utilizationRead MoreHow Freely Operating Market System1109 Words   |  5 Pageswhich is a production possibilities frontier (PPF). Production Possibility Frontier (PPF) A production possibilities frontier shows the combination of the production between two products (Spaulding, 1982). An economy can achieve the maximum potential level of output for two goods or services when all its resources are fully and efficiently employed by using a production possibilities frontier (Sumanasiri, 2014). Figure. 4 A production possibility frontier (PPF) As we canRead MoreMacro Eco1739 Words   |  7 Pagesshirts with inputs of labor. Econoland has 1000 hours of labor available. A haircut requires  ½ hour of labor, while a shirt requires 5 hours of labor. Construct Econolands PPF. Answer 1: To construct Econolands Production Possibility Frontier (PPF) we first need to understand what is a PPF. A production possibilities frontier (PPF) is a graph showing the different quantities of two goods that an economy can efficiently produce with limited productive resources. Points along the curve describeRead MoreQuestions On Business Economics And The Production Possibilities Frontier As A Result Of Workers Moving From Their Domestic Countries1837 Words   |  8 PagesK140882 EXECUTIVE SUMMARY The report deals with issues that arise in the production possibilities frontier as a result of workers moving from their domestic countries to foreign countries for better work opportunities. Major focus of this report is on change in PPF curve due to emigration and how production is being affected due to it. The main issues discussed in the report are how change in technology or resources mediate PPF curve outward or inside and how environment is being affected by that.Read MoreEfficiency Gain of International Trade Essay1745 Words   |  7 Pagesshapes of the production possibility frontier, and briefly discuss the factors contributing to their shapes. The shape of the production possibility frontier (PPF) of a country depends on: (1) its factor endowments and (2) the production functions of the various commodities. The plausible shapes of the production possibility frontier include: Linear Suppose there are constant returns to scale in both industries and only one factor, then the production possibility frontier is a straightRead MoreHow Will The Frontier Be Affected By A Positive Change?1274 Words   |  6 PagesQuestion One a. Why is the PPF concave to the origin? The production possibilities frontier is concave to the origin as it represents the increase opportunity goods along with the outputs of goods which is increasing. This is due to the law of opportunity goods – with one increase or production, an increase in opportunity costs follows (Layton, Robinson and Tucker, 2016). b. How will the frontier be affected by a positive change in technology for the product on the horizontal axis? The points represented

Group Counseling For Children And Adolescents - 1630 Words

Group Counseling Individuals with learning disabilities have a particularly high incidence of mental health problems and are often assigned what is known as dual diagnosis. The lack of research in counseling this client group and the need for counselors to show that they are not discriminatory in their practices and are compliant with anti-discriminatory legislation adds to the case for placing inclusion/exclusion in counseling in the public arena (Pattison, 2006, p. 547). Introduction Are group counseling sessions used in a school environment the best strategies to help children and adolescents with special needs learn the social skills they will need in life? An article in the peer-reviewed journal Education suggests that indeed, group counseling is an effective way to teach social skills. This paper reviews the article and comments on the learning that was accomplished and discusses in the article. Group Counseling with Students who have Special Needs Derk Stephens and colleagues explain that there are a number of deficits that children and adolescents with special needs that contribute to their struggle to learn. Those deficits include: hyperactivity, distractibility, impulsivity, anxiety, emotional liability, low self-esteem, aggressive behaviors, difficult recognizing the emotions of others along with behaviors that are considered socially unacceptable (Stephens, 509). When children with special needs go through a day exhibiting some of theseShow MoreRelatedThe Juvenile Justice System795 Words   |  4 Pagesdiversion programs, which helps adolescents who have been arrested for first-time misdemeanors. These diversion programs use group counseling as a mandatory component of sentencing demonstrates initial success in reducing recidivism rates in national outcome studies. The goal of these diversion programs is to keep adolescents out of the juvenile justice system whenever possible (Lipsey, Howell, Kelly, Chapman, Carver, 2010). These diversion programs divert adolescents from entering the juvenile justiceRead MoreThe Juvenile Justice System778 Words   |  4 Pagesprograms that are used to help adolescents who have been arrested for first-time misdemeanors. These diversion programs use group counseling as a mandatory component of sentencing demonstrate initial success in reducing recidivism rates in national outcome studies. The goal of these d iversion programs are to keep adolescents out of the juvenile justice system whenever possible (Lipsey, Howell, Kelly, Chapman, Carver, 2010). These diversion programs divert adolescents from entering the juvenile justiceRead MoreGroup Counseling824 Words   |  3 PagesIntroduction Group counseling can be appealing, but it involves solving a problem common in the group. The goals should be listed to ensure that the counselors achieve their goals, proper research and evaluation should be done before choosing a group. Observation is also critical because it helps the counselor aware of the group process. Group process is a sub- conscious process that takes place within a group as a whole; it involves personal and interpersonal process. Groups involve integrationRead MoreEssay about Consultation and Advocacy in Counseling1478 Words   |  6 PagesConsultation and Advocacy in Counseling Donna Boyett COUN 5004 Survey of Research in Human Development for Professional Counselors August 4, 2012 195 Wayfair Lane Hinesville, GA 31313 Telephone: (912) 980-1231 Email: Donna.Boyett@hotmail.com Instructor: Kathy Blaydes Abstract This paper discuses the importance of social justice advocacy and consultation in the counseling profession. The introduction is an explanation of social justice advocacy, and the different ways counselors advocateRead MorePsychology : A Human s Mind1399 Words   |  6 Pagestaught into and gathered from experiences as a child. As children grow older, they soon start deciphering this information to decide for themselves which of their actions are right and wrong. What draws me to study psychology is this mental processing, and how it affects a person s current and future character; particularly children. Childhood is a stage when a person s individual identity begins to form; Children, more so than any other age group, are easily influenced by their surrounding environment;Read MoreImpact Of Obesity On The Health And Development Of Children And Adolescents1519 Words   |  7 Pagesprofound impact on the health and development of children and adolescents. There are immediate and lon g term health risks, such as, asthma, sleep apnea, orthopedic complications, acid reflux, cardiovascular disease and insulin resistant type 2 diabetes. Severely obese adolescents can suffer serious morbidity. In fact, there are few organs systems that obesity does not affect. Of equal concern, are the teasing, discrimination, and bullying of obese adolescents (Must, 2011). While treatments such as behavioralRead MoreA Research Study On Group Therapy1178 Words   |  5 PagesThe number of children and adolescents who suffer from anxiety have increased tremendously over the past several years. The two treatment options that can be offer to an individual dealing with anxiety is medication and therapy. Out of the two, therapy has been known to be the most effective. Although people are more familiar with traditional therapy, group therapy has become just as prolific. Group counseling is a special type of therapy composed of a small group of individuals under the guidanceRead MoreCounseling Research1570 Words   |  7 Pagesintervention focused on an adolescent with any kind of phobia based on the Solution-Focused Brief therapy. Not to retract in time, but to help the client come up with a possible solution of their phobia within a short amount of time. Different researches show the different ways and strategies of information gained by different counselors. Discuss the importance using research to advance the counseling profession (2 paragraphs) There are many things that research brings to the counseling world; it providesRead MoreThe Ethics Of The Counseling Profession1371 Words   |  6 PagesThe counseling profession can be an excellent, rewarding, and challenging field. The purpose of counseling is to help individuals understand and clarify their own values and beliefs across a lifespan. Counseling also help individuals to become self-sufficient by implementing interventions and strategies that involves goal-setting skills that is meaningful to an individual. Individuals who may seek counseling are individuals who encountered marriage and family issues, stressful or traumatic eventsRead MoreThe Issues Of The Field Of Psychology987 Words   |  4 Pagesinternet is almost mandatory to establish and maintain healthy relationships (Greenfield and Yan, 2006). This is especially true amongst children, adolescents and teenagers. The need for psychologists have never been greater in order to assess how individuals are abl e to acclimate to this societal change. Traditionally, there are two methods in which children, adolescents and teenagers communicate via the internet, through social media and video games. Each primary method presents their own unique social

Rock Music and Peer Mentor Essay Example For Students

Rock Music and Peer Mentor Essay In a study that examines the effect of a peer mentor on the emotional status of patients, what is the dependent variable? Hat examines the effect of a peer mentor on the emotion In a study that examines the effect of a peer mentor on the emotional status of patients, what is the dependent variable? Anal tutus of patients, w In a study that examines the effect of a peer mentor on the emotional status of patients, what is the dependent variable? Hat is the dependent variable? B In a study that examines the effect of a peer mentor on the emotional status of patients, what is the dependent variable? In a study that examines the effect of a peer mentor on the emotional status of patients, what is the dependent variable? In a study that examines the effect of a peer men In a study that examines the effect of a peer mentor on the emotional status of patients, what is the dependent variable? Tort on the emotional status of ere mentor on the emotional status of patients, what is the dependent variable? In a study that examines the effect of a peer mentor on the emotional status of patients, what is the dependent variable? In a study that examines the effect of a peer mentor on the emotional status o In a study that examines the effect of a peer mentor on the emotional status of patients, what is the dependent variable? F patients, what is the dependent variable? In a study that examines the effect off peer mentor on In a study that examines the effect of a peer mentor on the emotional status of patients, what is the dependent arable? The emotional status In a In a study that examines the effect of a peer mentor on the emotional status of patients, what is the dependent variable?

Who Won The War And Peace Essays - Slavery, Reconstruction Era

Who Won The War And Peace Who Won the War and Peace? There is an issue that followed the Civil War that can only really be addressed in retrospect. Who won the Civil War? Not necessarily the war itself, but who won the peace. There is not really a single or definitive answer because the effects and the outcomes of the war are still being determined. This question is nebulous in the fact that certain aspects can be attributed to the South winning some aspects of the war and the North others. Also, do we include the impacts on former slaves as a Northern victory or do consider them to be their own side during this conflict. Many people will say that the North undoubtedly won the war, but the South's social hierarchy did not really change that much after the war. The former slaves went on many times to work for their former owners achieving not much more than when they were slaves. The South implemented many unjust laws to still allow the whites to stay ahead and to keep the blacks poor and dependent. Overall, though, I believe that the N orth and the former slaves won because of the outcome of the Civil War. Although the effects of the war were not immediate for the slaves and abolition did not automatically mean freedom and equality for slaves, the war and the legislation that followed it set the groundwork for the advancement of black people. The thirteenth through the fifteenth amendments helped to pave the way for blacks to enjoy the same opportunities as whites. Obviously the North achieved its objective of reuniting the country and preserving the Union. There are many factors to which one can say that the North actually won the peace. First I will talk about the North achieving peace and the objectives that they wanted when it comes to reuniting the union. It is clear that the United States was reunited because of the Civil War. With the reentry of the Southern states came certain concessions that the each state had to make. The most important was the adoption of new state constitutions that made clear that the national constitution had precedence over any local law. This made the fact clear that there are state's rights, but they cannot negate national policy. To those in the North that were worried about the fate of the Union, the Civil War proved to be a victory. Amendments: The addition of three amendments to the constitution after the Civil War should be considered to a victory for the Northern and African American cause for the Civil War. These newly added documents protect the rights of all the citizens of the United States. Not only do they protect the rights of these people but they also establish who is a citizen and who is protected by the constitution. Most importantly it allows freedom to those who were mot protected before the Civil War, namely the former slaves. The Thirteenth Amendment: This amendment specifically outlaws the institution of slavery and involuntary servitude. This means that the Emancipation Proclamation was formally made law by United States government. The South was made to accept the new reforms to the constitution in order to be allowed back into the Union, so therefore they had to accept the fact that they could no longer depend on the use of slaves to advance economic growth in the South. Not only did this amendment not allow slavery but it also made clear that due process must be given to anyone who is subjected to involuntary servitude. No longer could blacks or anyone for that matter be made to work against their will. This policy could be enforced by additional legislation by Congress. This amendment was an obvious victory for those who were slaves before the war. From a Northern white perspective this could serve as victory for all those who opposed slavery before the war. The Fourteenth Amendment: This amendment specifically grants due process to any citizen of the United States. A person who is a citizen, including all those who were once slaves, cannot be deprived of anything unless they are duly convicted. This means that all former slaves have all of the rights