The Zodiac Killer And The Misfit - 1358 Words

Myranda Elkin Dr. V. Hunt ENC1102 13 November 2016 Righteous Degenerate What do Adolf Hitler, The Zodiac Killer and, The Misfit all have in common? They are psychopathic murderers. Psychopaths do not feel therefore they cannot have morals in the same way normal people do. In â€Å"A Good Man is Hard to Find† by Flannery O’Connor the character known as the Misfit loses the battle with his conscience and is proven to be immoral. According to the Oxford Dictionary, morality is, â€Å"a particular system of values and principles of conduct,† held by a person or society (Oxford). These principles have to have a standard. The standard of morality is like a scientist’s control for their experiment, it is something they compare their results to. Dr. Elizabeth Mitchell states, â€Å"without a divine source of morality, there can be no objective morality, only popular opinions† (Mitchell 2012). Since Flannery O’Connor was a Christian, her standard or source for morality was God. Christian belief systems are directed by Ch rist and they strive to be like him – righteous. In â€Å"A Good Man is Hard to Find,† O’Connor included elements of Christianity, and we know it is a universal theme throughout all of her short stories. Throughout the story, The Misfit says that he is unsure as to why he has been sent to the penitentiary. He states that he did not kill his father like the head doctor said. This makes the reader think that maybe he is innocent. He even goes so far as to compare himself to Jesus.

Business Economics Market Economy Format

Question: Describe about the Business Economics for Market Economy Format. Answer: Introduction The demand and supply framework control a market of any economy. The report aims to discuss the economic issues that prevail in an economy and their impact on the demand and supply. In order to analyze the impact, the microeconomic and the macroeconomic concepts are focused. Furthermore, the microeconomic and the macroeconomic environment affect the business activities mainly. The price of the coal in an economy is determined by the supply demand theory. However, even though coal is a necessary commodity the price of the oil has reduced to half in a span of two years. The lower coal price significantly affects the countries that take part in the trade of coal. Nevertheless, certain industries are better off due to the fall in the price level of coal while others are worse-off. Understanding the microeconomic and the macroeconomic concepts in details using demand and supply In a perfectly competitive market of the economy, the price of every goods and service is determined by the action of an invisible hand or the demand and supply theory (Mankiw 2014). Supply is the amount of the good, the suppliers are willing to offer to the customers and demand is the amount of good the customers are willing to purchase and pay for. The demand curve and the supply curve indicate the amount of good demanded and supplied in an economy (Duarte and Lima 2012). The interaction of both the curves determines the equilibrium quantity and the equilibrium price of the good. The market economy experienced the reduction in the price of the coal over the past two years, which was at its height then. Coal is one of the necessary commodities as it is consumed at the huge amount by the industries and for the domestic purpose. The price of the coal is determined by the supply demand theory, according to which rise in the demand for coal will cause the price level of the coal to fall. According to the law of demand, the relation between the price of the good and the quantity of good demanded is inversely proportional to each other (Borucke et al. 2013). When a good is more necessary, the good becomes less elastic in nature. In the opinion of Rios, McConnell and Brue 2013), the low elasticity of the price of coal indicates that the changes in the price of coal will not affect the quantity demanded coal in the economy. Since coal is a necessary good, the demand for it is high. Based on the indifference curve analysis, when the price of coal falls (other factors r emaining ceteris paribus), a new equilibrium is obtained. A consumer purchases more of coal than before. Thus, in this case, a rise in the demand for the coal reduces the price level. Effects of the microeconomic and macroeconomic environment on the business activities in an economy All the business activities taking place in an economy is significantly influenced by the microeconomic and macroeconomic environment on which the industry operate. There is either a direct or an indirect impact on the business as the decision-making is influenced (Hillberry and Hummels 2013). The reduction in the coal price has a great impact on the market for coal. All the economies related to the trade and consumption of oil is affected by the change. However, some are in a gaining position while others lose from the situation. Effects of low coal price on the coal importing countries such as Japan and India: Coal is among one of the major global industries where countries all over the world take part in the trade. Thus, changes in the coal price have an impact all over the globe. The countries such as Japan and India imports coal from economies that have a comparative advantage in coal production. As the price of coal falls, the importing countries are at an advantageous position. The nation can purchase the larger amount of coal from the exporters at a given unit of price (Soderbery 2015). The number of quantity increases as the price level decreases. Thus, importing countries such as Japan and India are in a better-off condition as the GDP increases. Effects of low coal price on coal exporting countries such as Australia and Indonesia: The reduction in the price of coal is a major issue for the countries that exports coal to other countries. The fall in the price results in lower GDP as the revenue collected from the trade decreases (Feenstra 2015). Exporting countries, such as Australia and Indonesia are worse-off as they export more amount of coal at given price. The revenue earned for a unit of coal is less when there is a reduction in the coal price. The economic condition of the exporting countries decreases causing adverse economic impacts such as low GDP, per capita income, and low national income. Effects of low coal price on countries having huge coal production and domestic consumption such as USA and China: Countries such as USA and China have the huge amount of coal for its economies and the domestic consumption of coal by the countries are large. A fall in the price level of the coal is beneficial for the economy as the purchasing power of the consumers' increases. Coal being a necessary good supports the aggregate demand to rise. The lower price allows the consumers to obtain more a unit of coal at a lower price. Depending on the demand of coal, a small reduction in the price might lead to huge increase in the demand (Chambers and Hayashi 2014). Thus, these countries are at a beneficial zone as the revenue from the coal market increases causing GDP to rise. Discussion on the winners and losers at industry level due to falling in the coal price Apart from the countries gaining and losing in the coal trade due to a low price of oil, there are also industries and business that either gain or lose from the low coal price. The industries within an economy is at gain when the industry or the business for which coal the direct cost (Hudson 2016). The transport industry, steel industry that depends on coal for fuel is the major gainers. The low input cost helps to reduce the price of the product offered by the company and thereby increases revenue through increased demand. The other industries benefitted from the reduced coal price are the industries that are reliant on the consumer spending. The reduced expenditure on the coal increases the disposable income of the customers and therefore they can spend more on other products. Not all the business in the economy is benefitted from the reduction of coal price. The coal producers and the industries supporting the energy sector suffer from the fall in the share price and low profitability (Cornot-Gandolphe 2013). The industrial companies that supply materials for coal mining also suffer from lower income. Moreover, the higher coal price induced more investment of capital in the coal production. The fall in the price reduced the level of investment. Application of the economic concepts using analytical skills to range the economic issues The exporting economies and the industries supporting coal production are the ones who suffer from the low price level of coal. Therefore, these economies and the industries need to apply strategies that help to manage the situation and reduce the adverse impacts. The strategies include designing, conducting and interpreting the research and the statistical analysis carried out on the operating market. Application of evidence-based approach to address the problem is effective (Levchenko and Zhang 2016). In order to lay audiences, new research findings and complicated ideas regarding coal market has to be communicated. The Proper economic concept of the economic concepts supports effective dealing with the economic issues arising from drastically fall in the price level. The effective application of the economic concepts using the analytical skills helps the mangers to handle the situation of recession and make a concrete plan for the business (Zeng et al. 2015). Conclusion The demand and supply theory infer that even though coal is a necessary commodity of every economy used for the industrial and household purposes, the price of it reduces because it has lesser price elasticity. The law of demand supports the fact as the lower price gives rise to higher demand. From the above study, it is clear that the price is an important factor in the market. The low price level is effective for the importing countries while the exporting countries are at the loss. On the other hand, the fall in the price of coal affects the industries and business in different ways. Business those uses coal as direct cost considers low coal price as blessings and the companies dependent on coal production considers the scenario as a curse. Nonetheless, the economic issues occurring from the low price of coal can be overcome by implementing and following analytical strategies. References Borucke, M., Moore, D., Cranston, G., Gracey, K., Iha, K., Larson, J., Lazarus, E., Morales, J.C., Wackernagel, M. and Galli, A., 2013. Accounting for demand and supply of the biosphere's regenerative capacity: The National Footprint Accounts underlying methodology and framework.Ecological Indicators,24, pp.518-533. Chambers, C.P. and Hayashi, T., 2014. Gains from Trade. Cornot-Gandolphe, S., 2013. Global Coal Trade. From Tightness to Oversupply. Duarte, P.G. and Lima, G.T. eds., 2012.Microfoundations reconsidered: the relationship of micro and macroeconomics in historical perspective. Edward Elgar Publishing. Feenstra, R.C., 2015.Advanced international trade: theory and evidence. Princeton university press. Hillberry, R. and Hummels, D., 2013. Trade elasticity parameters for a computable general equilibrium model.Handbook of Computable General Equilibrium Modeling,1, pp.1213-1269. Hudson, M., 2016. The global coal market. Supplying the major fuel for emerging economies, edited by Mark C. Thurber and Richard K. Morse, Cambridge, Cambridge University Press, 2015, xx+ 702 pp.; index, US $155 (hardback), ISBN 978-1-1107-09242-6.Environmental Politics,25(4), pp.757-759. Levchenko, A.A. and Zhang, J., 2016. The evolution of comparative advantage: Measurement and welfare implications.Journal of Monetary Economics,78, pp.96-111. Mankiw, N.G., 2014.Principles of macroeconomics. Cengage Learning. Rios, M.C., McConnell, C.R. and Brue, S.L., 2013.Economics: Principles, problems, and policies. McGraw-Hill. Soderbery, A., 2015. Estimating import supply and demand elasticities: Analysis and implications.Journal of International Economics,96(1), pp.1-17. Zeng, W.M., Liu, D.N., Liu, J.P., Tang, T.Q., Yang, X.G. and Fan, M., 2015. The Mechanism Design to Direct Power-Purchase Transaction Considering Market Supply and Demand. InAdvanced Materials Research(Vol. 1070, pp. 1477-1480). Trans Tech Publications.