tag:blogger.com,1999:blog-59796800810277772432024-03-13T14:14:30.020-07:00dylanhcampbelleconDylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.comBlogger25125tag:blogger.com,1999:blog-5979680081027777243.post-12145149348887404572011-01-25T06:49:00.000-08:002011-01-25T06:49:50.514-08:00Post 24<span style="font-size: large;"><strong>4 Types of Unemployment</strong></span><br />
<br />
1. Frictional- I'm a first-time job seeker and lack the resources for finding a company that has a job that is suitable for me. As a result I do not go into a job, holding out for the better-paying one.<br />
2. Structural- I am very skilled at fixing machinery. A factory has fired workers, replacing them with machines, which do the job faster and more efficiently. A job has now opened for me to fix these machines when they break down or install new ones.<br />
3. Cyclical- I am looking for a job. A business that I am looking at is not hiring because there is not enough demand for labor and I have to wait a long time to get a job there.<br />
4. Seasonal- I am a lifegaurd and don't have a job in the winter. I am unemployed during the cold season and employed during the warm season.Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-89593578196830342362011-01-25T06:34:00.000-08:002011-01-25T06:34:06.366-08:00Post 25 (2)<strong><span style="color: red; font-family: "Courier New", Courier, monospace; font-size: large;">Groups Fighting Poverty</span></strong><br />
<br />
<span style="color: blue;">1)C.A.R.E.</span><br />
<span style="color: blue;">2)Feeding America</span><br />
<span style="color: blue;">3)ONE</span><br />
<span style="color: blue;">\</span><br />
I think that my school (Northern Burlington) should donate money to C.A.R.E. to fight poverty across the world. This money will help feed children all over the world who do not have money to spend. It is one of the largest donation sites for poverty and very well known also. I believe we as a school would help stop poverty the most by donating to this group.Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-71177096515551529672011-01-25T06:18:00.000-08:002011-01-25T06:20:11.958-08:00Post 25<strong><span style="color: blue; font-family: "Trebuchet MS", sans-serif; font-size: large;"><u>America on the Gini Index</u></span></strong><br />
<br />
The U.S. is 56 out of 130 countries on the Gini Index. Although it is on the upper half of the Index, you would think we would be a little more towards the top. I definitely think that we are a powerful country, but when you look at the index you see countries like Uzbecastan, Pakistan, Vietnam, and Japan have a better place on the index. You would think that the U.S. would have a better Gini than these countries. It just shows that we are not as high power as most Americans think. <br />
<br />
-View the Gini Index <a href="http://www.nationmaster.com/graph/eco_gin_ind-economy-gini-index">here</a>.<br />
<table border="0" cellpadding="3" cellspacing="0" class="body sortable" sizcache="2" sizset="650" style="width: 100%;"><tbody sizcache="2" sizset="0">
<tr class="graphHl" sizcache="1" sizset="275"><td class="td40"></td><td class="td155"></td><td class="td180"></td><td class="td70"></td><td class="td255"></td></tr>
</tbody></table>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-47530770112345651492011-01-24T06:22:00.000-08:002011-01-24T06:23:33.859-08:00Post 23<div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/_4Cj3a1AssCE/TT2LICgK4WI/AAAAAAAAABg/bOvyQTIJlJA/s1600/wanted.JPG" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="300" s5="true" src="http://3.bp.blogspot.com/_4Cj3a1AssCE/TT2LICgK4WI/AAAAAAAAABg/bOvyQTIJlJA/s400/wanted.JPG" width="400" /></a> </div>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-8026056907403427102011-01-19T06:36:00.000-08:002011-01-19T06:36:02.787-08:00Post 22<span style="color: #741b47; font-family: Georgia, "Times New Roman", serif; font-size: large;"><u><strong>15 Things I've learned</strong></u></span><br />
<br />
<br />
<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><strong><span style="color: red;">1.</span> Census Bureau conducts a monthly study called the Current Population Survey</strong></span><br />
<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><strong><span style="color: red;">2.</span> marginally attached workers are people who once held productive jobs but have given up looking for work</strong></span><br />
<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><strong><span style="color: red;">3.</span> frictional unemployment is unemployment attributed to workers moving from one job to another</strong></span><br />
<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><strong><span style="color: red;">4.</span> structural unemployment is unemployment that results from changes in technology or in the way the economy is structured</strong></span><br />
<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><strong><span style="color: red;">5.</span> aggregate supply is the total amount of goods and services produced throughout the economy.</strong></span><br />
<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><strong><span style="color: red;">6.</span> a supply shock is an event that increases the cost of production for all or many firms.</strong></span><br />
<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><strong><span style="color: red;">7.</span> To construct the consumer price index, the Bureau of Labor Statistics selects a sample of commonly purchased consumer items, called themarket basket.</strong></span><br />
<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><strong><span style="color: red;">8.</span> The worst degree of inflation is called hyperinflation</strong></span><br />
<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><strong><span style="color: red;">9.</span> The poverty threshold is the lowest income level that a family needs to maintain a basic standard of living.</strong></span><br />
<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><strong><span style="color: red;">10.</span> Poverty thresholds are adjusted annually based on changes in the consumer price index.</strong></span><br />
<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><strong><span style="color: red;">11.</span> To measure the amount of inequality in the distribution of income, economists plot a Lorenz Curve.</strong></span><br />
<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><strong><span style="color: red;">12.</span> The data used to plot a Lorenz Curve can also be used to compute the Gini index.</strong></span><br />
<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><strong><span style="color: red;">13.</span> The heavy corporate downsizing of the late 1980s and early 1990s increased unemployment and resulted in many workers settling for lower-paying jobs.</strong></span><br />
<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><strong><span style="color: red;">14.</span> rapid changes in technology have led to a drop in demand for lower-skilled workers.</strong></span><br />
<span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><strong><span style="color: red;">15.</span> One suggestion for improving income equality is raising the minimum wage.</strong></span>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-4370874703750524752011-01-17T14:47:00.000-08:002011-01-17T14:47:49.883-08:00Post 18<span style="color: #274e13; font-family: Arial, Helvetica, sans-serif; font-size: large;"><strong>*3 sites that I wish I could use on mid-term</strong></span><br />
<br />
1.<a href="http://ecedweb.unomaha.edu/home.cfm">http://ecedweb.unomaha.edu/home.cfm</a><br />
<br />
2.<a href="http://money.howstuffworks.com/recession4.htm">http://money.howstuffworks.com/recession4.htm</a><br />
<br />
3.<a href="http://www.shmoop.com/economics/">http://www.shmoop.com/economics/</a><br />
<br />
I would like to use any of these 3 sites during my mid-term exam for economics. Each one gives a different look on economics and are very helpful. The first website is a link that has information for anyone from K-5 to college. I know that for 6-12 grade the site has just about everything needed to pass an economics test with flying colors. It has every section of it you could imagine.<br />
I find the second site to also be very helpful, especially during mid-terms. It has a couple of links that give you info on recession and supply and demand. It lets you know how this stuff works and what it is, along with some other things too.<br />
The final site I would like to use on my exam may have a funny name, but it works. It has links that give you info on macreconomics, supply and demand, taxes,and many other things about economics. It's as easy as clicking on the thing you want to know or learn and it gives you everything from the definition to even more links that can help.Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-68384605981655794392011-01-11T06:48:00.000-08:002011-01-11T06:49:35.664-08:00Post 19<div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/_4Cj3a1AssCE/TSxtn4N1pwI/AAAAAAAAABY/BxG641gAUzE/s1600/gdp.jpg" imageanchor="1" style="cssfloat: left; margin-left: 1em; margin-right: 1em;"><img border="0" height="295" n4="true" src="http://1.bp.blogspot.com/_4Cj3a1AssCE/TSxtn4N1pwI/AAAAAAAAABY/BxG641gAUzE/s400/gdp.jpg" width="400" /></a></div>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-19517866228250652372011-01-10T17:13:00.000-08:002011-01-10T17:13:58.114-08:00Post 17 (2)1. This graph shows that as inflation rate goes down, the unemployment rate goes up, and vice versa. It is a little vague and not very clear but simple and gets to the point.<br />
<br />
2. Graph 2 is a little more detailed than Graph 1 while still getting to the point. It gives you a clear understanding of how the business cycle works, and is also simple enough to understand.<br />
<br />
3. The last Graph is pretty much the same as Graph 2. It may be a little more interesting and colorful. I find it to be a little easier to understand while still being a little more detailed. It is made so that anyone could get how the business cycle works.<br />
<br />
<span style="color: purple; font-size: large;"><strong>*Dylan's Award*</strong></span><br />
-this award goes to my favorite visual out of the 3. The one that I believe to be the BEST visual is..<br />
<br />
<em><strong><span style="font-size: large;"><span style="color: purple;"> *</span><span style="color: purple;">GRAPH #3!!!*</span></span></strong></em><br />
<span style="color: blue;">I think this graph deserves my reward because it gives good info while keeping it simple. It was more detailed than the other 2 graph but still very easy for anyone to understand. It was also a little less boring because of the color.</span>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-70868810049199970052011-01-10T16:56:00.000-08:002011-01-10T16:56:41.879-08:00Post 17 (1)1.<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/_4Cj3a1AssCE/TSXUGNh30fI/AAAAAAAAABM/n5_SBCVY4kw/s1600/fig09.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="309" n4="true" src="http://3.bp.blogspot.com/_4Cj3a1AssCE/TSXUGNh30fI/AAAAAAAAABM/n5_SBCVY4kw/s320/fig09.jpg" width="320" /></a></div> 2.<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/_4Cj3a1AssCE/TSXUHHMGk6I/AAAAAAAAABQ/0kkaqTRQlvk/s1600/837_em837_figure11.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" n4="true" src="http://3.bp.blogspot.com/_4Cj3a1AssCE/TSXUHHMGk6I/AAAAAAAAABQ/0kkaqTRQlvk/s320/837_em837_figure11.jpg" width="320" /></a></div> 3.<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/_4Cj3a1AssCE/TSXUI8VBL0I/AAAAAAAAABU/uxFoJ5JLYWI/s1600/Business-cycle-graph-better.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="241" n4="true" src="http://2.bp.blogspot.com/_4Cj3a1AssCE/TSXUI8VBL0I/AAAAAAAAABU/uxFoJ5JLYWI/s320/Business-cycle-graph-better.jpg" width="320" /></a></div>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-35600469770569672372011-01-10T16:52:00.000-08:002011-01-10T16:52:47.187-08:00Post 14<span style="color: red; font-family: "Courier New", Courier, monospace; font-size: x-large;"><strong><u>VIDEO</u></strong></span><br />
I found a very helpful video on the business cycle to share with my people. It gives a general understanding for what it exactly is and some facts about it.<br />
-click here <a href="http://www.youtube.com/watch?v=CjwA8-xDFL4">Business Cycle Video</a> to watch a informative video on the business cycle. His English accent can only make it better!Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-60778026534719162552011-01-06T06:25:00.000-08:002011-01-06T06:25:59.531-08:00Post 16<strong><u><span style="font-size: large;">Chapt. 10 Visual</span></u></strong> <div class="separator" style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/_4Cj3a1AssCE/TSXQnU7UB9I/AAAAAAAAAA4/o4NPbfERm10/s1600/Picture1.jpg" imageanchor="1" style="clear: right; cssfloat: right; float: right; height: 458px; margin-bottom: 1em; margin-left: 1em; width: 575px;"><img border="0" height="320" n4="true" src="http://4.bp.blogspot.com/_4Cj3a1AssCE/TSXQnU7UB9I/AAAAAAAAAA4/o4NPbfERm10/s320/Picture1.jpg" width="290" /></a></div>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-16753372768279068902011-01-04T06:26:00.000-08:002011-01-04T06:40:27.709-08:00Post 15<strong><span style="color: #b45f06; font-family: "Courier New", Courier, monospace; font-size: large;"><u>Indicators</u></span></strong><br />
<br />
<strong><span style="color: #b45f06; font-family: Georgia, "Times New Roman", serif;">Leading</span></strong><br />
<span style="font-family: Georgia, "Times New Roman", serif;"><span style="color: black;">1.production</span><span style="color: black;"> workweek</span></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">2.<span style="color: black;">building permits</span></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">3.<span style="color: black;">unemployment insurance</span><span style="color: black;"> </span><span style="color: black;">claims</span></span><br />
<strong><span style="color: #b45f06; font-family: Georgia, "Times New Roman", serif;">Coincident</span></strong><br />
<span style="color: black; font-family: Georgia, "Times New Roman", serif;">1.gross domestic product (GDP)</span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">2.<span style="color: black;">employment</span><span style="color: black;"> levels</span></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">3.<span style="color: black;">retail sales</span></span><br />
<span style="color: #b45f06;"><span style="font-family: Georgia, "Times New Roman", serif;"><strong>Lagging</strong> </span></span><br />
<span style="color: black; font-family: Georgia, "Times New Roman", serif;">1.labor costs</span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">2.<span style="color: black;">business</span><span style="color: black;"> spending</span></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;"><span style="color: black;">3.the </span><span style="color: black;">unemployment rate</span></span>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-66843292579354212822011-01-03T06:46:00.000-08:002011-01-03T06:46:30.053-08:00Post 12<strong><span style="font-size: large;">GDP = <span style="color: #cc0000;"><u>Faulty</u></span></span></strong><br />
<br />
The method of measuring national welfare by means of GDP is said to be very inaccurate. GDP does not cover everything needed to make an accurate estimate. Gross domestic product does not take into account much of the production that has economic value. Volunteer work nor unpaid domestic services make it into these accounts. Also, our standard of living, general level of economic well-being, and benefits don't make it into the calculation either. Many think Gross National Product (GNP)is much more of an accurate way to measure the national welfare. GNP is the market value of all goods and services produced in one year by labor and property supplied by the residents of a country. Unlike GDP, GNP allocates production based on ownership. Net national product is another way to calculate. NNP is the total market value of all final goods and services produced by residents in a country or other polity during a given period. It is basically GNP minus depreciation.Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-90729736924606744902011-01-03T06:26:00.000-08:002011-01-03T06:28:40.748-08:00Post 11<em><strong><span style="font-size: large;">How to Calculate Gross Domestic Product</span></strong></em><br />
<br />
<span style="color: #674ea7; font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">GDP = private consumption</span><span style="color: #674ea7; font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"> + <span style="color: #674ea7; font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">gross investment</span></span><span style="color: #674ea7; font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">+ government spending</span><span style="color: #674ea7; font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">+ (exports</span><span style="color: #674ea7; font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"> − imports</span><span style="color: #674ea7; font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">)</span>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-79458972069184103352011-01-03T06:19:00.000-08:002011-01-03T06:19:37.767-08:00Post 10<strong><span style="color: blue; font-size: large;">Macroeconomics</span></strong><br />
<br />
<span style="color: #f1c232;"> </span><span style="color: #134f5c;">I think macroeconomics will be about a much larger scale of economics. It will be about the world wide economy, from regional to global economy. This study being so big and broad makes it very interesting. I hope to learn, more specific details about how it works, what it deals with exactly, and if there is anything it does not apply to.</span>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-88525164275879969462010-12-23T05:49:00.000-08:002010-12-23T05:49:21.215-08:00Post 13<span style="font-family: Georgia, "Times New Roman", serif;"><span style="color: #38761d; font-size: large;"><strong><u>What I've learned</u></strong></span></span><br />
<br />
<span style="font-family: Georgia, "Times New Roman", serif;"><span style="color: #38761d;">1. Government transfer <span style="font-family: Arial; font-style: normal; font-weight: normal;">payments are not included when calculating government purchases.</span></span></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;"><span style="color: #38761d;">2. Barter transactions, housework, and do-it-yourself home repairs are examples of nonmarket <span style="font-family: Arial; font-style: normal; font-weight: normal;">activities.</span></span></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;"><span style="color: #38761d;">3. indirect <span style="font-family: Arial; font-style: normal; font-weight: normal;">taxes are taxes included in the final price of goods and services.</span></span></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;"><span style="color: #38761d;">4. The process macroeconomists use to track production, income, and consumption is known as national income accounting <span style="font-family: Arial; font-style: normal; font-weight: normal;">and provides information about a country's economic activities.</span></span></span><br />
<span style="color: #38761d; font-family: Georgia, "Times New Roman", serif;">5. War is an external factor that can affect the business cycle.</span><br />
<span style="color: #38761d; font-family: Georgia, "Times New Roman", serif;">6. Business cycles are fluctuations in a market system's economic activity.</span><br />
<span style="color: #38761d; font-family: Georgia, "Times New Roman", serif;">7. Lagging indicators change months after an upturn or downturn in the economy has begun.</span><br />
<span style="color: #38761d; font-family: Georgia, "Times New Roman", serif;">8. Without long-term economic growth, a country's standard of living decreases.</span><br />
<span style="color: #38761d; font-family: Georgia, "Times New Roman", serif;">9. A country's tax base expands when economic growth exists.</span><br />
<span style="color: #38761d; font-family: Georgia, "Times New Roman", serif;">10. The amount of capital stock per worker is called capital-to-labor ratio.</span>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-47233659192506145242010-12-20T06:47:00.000-08:002010-12-20T06:47:20.364-08:00Post 9<div style="text-align: center;"><strong><span style="color: #cc0000; font-family: "Courier New", Courier, monospace; font-size: large;"><u>"How Technology Makes the </u></span></strong></div><div style="text-align: center;"><u><span style="color: #cc0000;"><strong><span style="font-family: "Courier New", Courier, monospace; font-size: large;">World </span></strong><strong><span style="font-family: "Courier New", Courier, monospace; font-size: large;">a Better Place"</span></strong></span></u></div><div style="text-align: center;"><br />
</div><div style="text-align: left;"><span style="font-family: "Trebuchet MS", sans-serif;"><span style="color: black;"> </span></span><div style="text-align: left;"><br />
</div></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-family: 'Arial','sans-serif';"> <span style="font-family: "Trebuchet MS", sans-serif;"> We have all come to rely on technology for just about everything and would be lost without it. Technology, like the internet, keeps everyone up to date, knowledgable, and organized. If the internet did not exist today we would not be able to do the things we do today to learn in school. Web sites like Prezi, Zooburst, and Study Stack help students learn in various ways and make learning easier for many too. Technology is used to learn, play, or make anything you desire. The possibilities are endless with today's technology and it’s only becoming more advanced each day.</span></span></div>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-71528436555291595662010-12-20T06:14:00.000-08:002010-12-20T06:14:41.033-08:00Post 8<strong><span style="color: blue; font-size: large;"><em>Malcolm Gladwell on the Spaghetti Industry</em></span></strong><br />
<br />
<span style="color: blue; font-size: large;"><strong><em> </em></strong><span style="color: #20124d; font-size: small;">In this video Gladwell made several good points to what people want and how they don't really know what they want until they try it. Also, he talked about Howard Moskawitz who was a man who helped food businesses succeed in the market. He would let them know what the people like by conducting experiments and polls.</span></span><br />
<span style="color: #20124d;"> Companies compete in this way all the time! They try to come up with new and better ingrediants that the mass population will enjoy. They try to raise demand for their product and make it seem better than the rest. If the prices are close between two similar products, most people will go with the higher priced one, assuming it is of higher quality. It is somewhat of a trick that businesses use to get people to get there product sold. These businesses are competeing over something other than price, which is Monopolistic Competition.</span><br />
<br />
Video:<br />
<a href="http://www.ted.com/talks/malcolm_gladwell_on_spaghetti_sauce.html">http://www.ted.com/talks/malcolm_gladwell_on_spaghetti_sauce.html</a>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-83558413831940578192010-12-10T06:28:00.000-08:002010-12-10T06:28:03.755-08:00Post 7<strong><span style="color: #351c75; font-family: "Trebuchet MS", sans-serif; font-size: large;"><u>The 4 varieties of Monopoly</u></span></strong><br />
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<span style="color: #cc0000; font-family: Trebuchet MS;"><strong>1.</strong>natural- one variety of natural is the gas you use to run your car.</span><br />
<span style="color: #cc0000; font-family: Trebuchet MS;"><strong>2.</strong>geograhical- an example of this is a general store in a remote area.</span><br />
<span style="color: #cc0000; font-family: Trebuchet MS;"><strong>3.</strong>technological- an example of technilogical would be <em>Google</em> or any other search engine.</span><br />
<span style="color: #cc0000; font-family: Trebuchet MS;"><strong>4.</strong>government- the U.S. Postal Service would be one example of this. </span>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com1tag:blogger.com,1999:blog-5979680081027777243.post-64586603439276965102010-12-09T06:44:00.000-08:002010-12-09T06:44:45.211-08:00Post 6<span style="color: #e69138; font-family: "Courier New", Courier, monospace; font-size: large;"><strong>Play the GAME!!!</strong></span><br />
<br />
For Anti-Trust Laws Game click the link!<br />
<a href="http://goo.gl/eYlUR">http://goo.gl/eYlUR</a>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-28394831427382137342010-12-07T06:21:00.000-08:002010-12-07T06:21:53.386-08:00Post 5<span style="font-size: large;"><span style="color: #b45f06;"><strong><span style="font-family: Times, "Times New Roman", serif;"><em>GE</em></span> <span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;">Should Be Broken Up</span></strong></span></span><br />
<br />
<span style="color: black; font-family: Verdana, sans-serif;"> I believe GE should be broken up. They are a major business that is well known for making everything from refrigerators to cell phones. If they were to be broken up more smaller businesses would be able to be noticed. Therefore, prices would drop on some of those neccessities like water systems and washers and dryers. Families would be able to save a BOAT LOAD of money!</span>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com1tag:blogger.com,1999:blog-5979680081027777243.post-17524285527630448802010-12-03T06:22:00.000-08:002010-12-03T06:22:24.989-08:00Post 4<strong><span style="color: #a64d79; font-family: "Courier New", Courier, monospace; font-size: large;">8 things learned</span></strong><br />
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<span style="color: black; font-family: Courier New;"><strong>1.</strong>Pure Competition is an ideal market structure.</span><br />
<span style="font-family: Courier New;"><strong>2.</strong>Under Pure Competition, sellers offer identical products.</span><br />
<span style="font-family: Courier New;"><strong>3.</strong>If sellers compete on factors other than price, they are engaging in nonprice competition.</span><br />
<span style="font-family: Courier New;"><strong>4.</strong>Oligopoly is the most common non-competitive market in the U.S.</span><br />
<span style="font-family: Courier New;"><strong>5.</strong>Collusion sellers secretly agree to set prices or levels for their products.</span><br />
<span style="font-family: Courier New;"><strong>6.</strong></span><span style="font-family: "Courier New", Courier, monospace;">The Federal Trade Commission Act was passed in 1914 to investigate charges of unfair methods of competition and commerce.</span><br />
<span style="font-family: Courier New;"><strong>7.</strong></span><span style="font-family: "Courier New", Courier, monospace;">Standard oil was the best-known monopoly to be broken up as a result of the Sherman Antitrust Act.</span><br />
<span style="font-family: Courier New;"><strong>8.</strong>Another word for the huge monopolies that dominated the era of "big business" is trusts.</span>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-78299590040510690322010-12-02T06:31:00.000-08:002010-12-02T06:31:59.636-08:00Post 3<span style="color: blue; font-family: Georgia, "Times New Roman", serif; font-size: large;"><strong>5 Things and their Market Structure</strong></span><br />
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<span style="font-family: Georgia;"><span style="color: #0b5394;"><strong>1. Running Shoes</strong>-Monpolistic Competition- There are a lot of different companies that make running shoes. They have some control over price and they each try to put emphasis on their brand names. It would be pretty easy to start in the business.</span></span><br />
<span style="font-family: Georgia;"><span style="color: #0b5394;"><strong>2. Car-Oligopoly</strong>- Their are few number of car companies that are well known and it would be extremely difficult to start in this business. They typically try to give you a great deal. </span></span><br />
<span style="font-family: Georgia;"><span style="color: #0b5394;"><strong>3. Electricity</strong>-Pure Monopoly- There is only one company that is well-known and it would be impossible to start in the business. It is a public relation.</span></span><br />
<span style="font-family: Georgia;"><span style="color: #0b5394;"><strong>4. Clothes</strong>-Monopolistic Competition- There are a lot of different clothes brand, which try to put emphasis on their brand name. It would be easy to start in the business. </span></span><br />
<span style="font-family: Georgia;"><span style="color: #0b5394;"><strong>5. Farmed Goods</strong>- Pure Competition- Their is a very large number of firms which produce this. They have no control over price and it would be very easy to start in the business. </span></span>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com1tag:blogger.com,1999:blog-5979680081027777243.post-78276075668543925442010-12-01T06:37:00.000-08:002010-12-01T06:37:10.052-08:00Post 2<div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/_4Cj3a1AssCE/TPZdd_YeNJI/AAAAAAAAAAM/C4PjuJ-6-60/s1600/Picture1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="223" ox="true" src="http://3.bp.blogspot.com/_4Cj3a1AssCE/TPZdd_YeNJI/AAAAAAAAAAM/C4PjuJ-6-60/s320/Picture1.png" width="320" /></a></div>Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0tag:blogger.com,1999:blog-5979680081027777243.post-21672982013894341452010-12-01T06:28:00.000-08:002010-12-10T06:33:20.266-08:00Post 1This is my Intro! My name is Dylan and I am being forced to do this blog by Mr. Campbell. My favorite hobby is to run. I run for my high school team and plan to run in college. This blog is basically about Economics and the four market structures. It will give you an understanding for the different traits of each of the market structures and how they work. Good bye... and enjoy the blogger.Dylan Hhttp://www.blogger.com/profile/07111115713346084842noreply@blogger.com0