Econ Essay Test

In the overall conduct of the government, there should be limits on their actions and what aspects of the nations power they can control. In specific, what control the government should have over the economy and the markest.

The government should have limitations on their national budget. In regard to the current National Debt, there is no reason to continue spending the way that the government has been spending for years now. They should be attempting to slow spending and lowering the deficit. The government should have the control to set a budget and spend it not the exact budget, then under the budget., because there is no point to a budget if people are constantly spending over it. There are reasons that people place budgets, it is to creats a guideline for businesses, like the government, to spend within their means. So, in the end there is no reason for the government to continue spending as much as we do, so we should spend below the budget and use the surplus to work on paying off our growing debts.

Another aspect of the economy that could be altered by the government for the good of the country is the current tax system. This does not mean change the entire tax code, simply make it more understandable and less dense. There is no reason for the tax code to be as long as it is, and there is no reason for there to be as many excemptions from the law as there are. The government should have the authority to reform the tax code to make them more understandable for they people that have to pay them. There is no reason that there should be a tax code so complex that no one person understands what all the codes are.

There happens to be another thing that the government is able to control, and that is the relations and laws placed on outside trading partners of the United States. The united States governing force should have the ability to tax and fine not only the companies that sell things to the united states, but also for compaines that sell out of the country to other nations. THe united Nations should find some sort of law or bill that can create more equal trading around the world. This goes for the transportation of a product, to the production and man power used to create a product, as well as the resources used in the product. There is no reason that something produced in China costs less than the same product produced in the united states other than that there are labor laws in the U.S. Therefore, the government should be able to set regulations for all companies that do business with the U.S.

back to the relations between the government and corperations, in that governments should be able to control the enforcement of the national laws on companies but they should not be able the bail out a corperation or company. There is no logical reason for a government to bail out a corperation unless they have planned actions to make their business more financialy stable. Under most circumstances, a company that goes under fails because the management is not efficent enough and they can not keep a company going. If the government simply give a company money to keep them afloat they're actually hurting the economy because they are giving money to a company that will most likley no be able to pay them back. However, there are exceptions to this, and if companies are capable of planing in order to improve their company then theoreticaly they should be helped.

Overall there are things that a government should do, and what they can do. In the end, it is all based on peoples opinions of the subject.

Manifesto

I believe that overall, the United States Government should be able to create a society in which they control certain aspects, but where they are not in control of everything. For example, I believe that the Government should be able to create laws and communicate with foreign countries for the betterment of our nation. However, it is also my belief that the government should have a means in which they regulate themselves and the actions of the many political branches that create the United States Government. It is my opinion that this committee create budgets that will be followed. They should also focus on other aspects of our society that actually need help like our public education systems, law enforcement, and other services that are receiving less and less funding per year. I do not believe that a society should be based upon the military of a country, and that the military should not be the main focus of the national budget.

In general, I believe that the government should not be allowed to bail out corporations because companies that need a bail out shouldn't be in business. Which would explain why they are in fact, going out of business. However, I think it would be wise for the American people, as well as the government, to focus on more local businesses to sustain an area instead of some superstore that if they go out of business could ruin many areas of the nations economy. Also, I believe it would help the condition of the american society if the government stop building all these houses that are then sitting vacant for years, simply to create jobs. It is pointless.

As I said earlier, I believe that the government should be regulated on its spending. I think that there should be punishments for the programs, organizations, or people that spent over the budget. Also, I believe that the government should work on spending under the budget in order to start paying off the national debt. It seems that the government would be more helpful to the american people if they could all agree on a plan to help not only lower the national debt but also contribute back to the suffering economy, whether it be higher taxes or lower spending.

Market Price

Learning Log 3. From Mr. McManamon, I learned how market price fits into the graphs we made for supply and demand. I did not really understand how people came to the price that they put on merchandise in stores, but I believe I understand now. It makes sense that where the curves meet is where the market price is because that is where sellers are going to make the most profit and where consumers will get the most for their money. Also, I wonder if a seller were to have a product at their store, and the value of the product goes up or down, do they simply change the price to match the change of the market? or do they enforce it on their next delivery of the product? just wondering... Also, how exactly do stores compete with each other if they each sell the same product at relatively the same price?

I understand the overall concept of where the Supply and Demand curves meet is where the Market Price is. I also know how to make Supply and Demand curves, which is helpful for this concept.

As with all my examples, the student store! So, for each of our products we've now had time throughout the year to judge what the demand of the high school is. From that, each of the groups have to judge what they need to supply in order to meet the demands of the students of Tualatin High School. All this must be done while also making a profit which comes from meeting the supply to match demand. Victory.

Supply!

Learning Log 2

So I knew that Supply was how much a company could produce and distribute, but i didn't know how that connected to the demand curve. I think its fascinating that the demand curve and the supply curve come together to produce the market price. I still wonder how the company prices things based on the materials used to make them and how the add in the transportation cost but I think we're going to learn about that later and that that cost is currently just added into the curves we're making.

I understand why companies supply the amount they do because they are hoping to sell their product at the price they set. But they can't always do that and need to supply less for lower prices in order to try and get the consumers to want to buy their product at a higher price. This doesn't always work in the eyes of the consumer because they can substitute some products for alternates that don't cost as much which then causes the substitute company to need to supply more which then helps the substitute company.

Last week, the coke group in the student store didn't order more coke products because there appeared to be enough to make it through the next week. However, the next couple days used up the rest of the supply we had and then people were demanding more drinks for the next few days until the order was placed and delivered and places in the store for sale.

Learning Log 1

So, I'm not exactly positive about what I'm writing, but I'm going to talk about demand and economics. Before we started this unit I knew about demand and that consumers had to demand something for it to be made, because if people don't demand it then people won't buy it and you won't make a profit. I didn't really know about demand schedules and TRT's but I feel like it could be useful in the future to know so I'm glad I learned it. I don't really have any questions that I feel really need to be answered, I feel like I understand everything I need to understand.
Again, not exactly sure how to show that I understand demand so I'm just going to go for it. Demand occurs when people feel like they need something like candy or clothes. Somethings are necessary to continue functioning at a normal level and this is called Inelastic demand. There are also things that an elastic demand and those are things that are not constantly demanded or can be replaced by a substitute which is often the same product, just a different price and a different brand. There are also ways to test whether or not things are being sold at the right price for profit, such as the Total Revenue Test.
For example, in the student store every class we are required to take inventory. This tells us what is selling and what is making a profit. However with the cookies that are sold at lunch, we are writing down how much of each type of cookie sold to determine what sells the most. Also in the store, last week the new shirts came in and on that single day alone, the store made over $1000, compared to other days without shirts that made around $200. In all, the more people demand the more things are given and the prices must be judged accordingly to how things are selling and what things are wanted.

BLUR!!... HUMOR!!

the outsides are my blur project and the middle is my humor! arn't they so cute?!

multi exposure project. just got it back today, the words may be a little hard to read but they say "chase your dreams".(Right) and Spencer is at the lacrosse meeting! (Left)