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According to the speakers there is a “shadowy-underworld market” where the real market price is derived. When a black market exists, the cost to the government can be measure in terms of foregone tax income. Moreover, information regarding black markets is unavailable to the policy makers. Therefore the income derived from black market operations is excluded from national accounting such as calculation of the GDP. Predictability of the economic data can decrease due to black market operations. Therefore, the efficiency and effectiveness of the government policies also decreases. These can be considered as the social costs of black market operations. Unavailability of information is a typical characteristic of the black markets. According to the speakers there are agents who buy the tickets to basket ball games and resell them at a higher price and earn a profit. It is unclear how many middle men are involved in the market chain and whether LeBron James’s income reflects the actual price of tickets sold in the secondary market. Nevertheless the speakers claim that like in other markets “risk and uncertainty” affect the secondary market operation of basket ball tickets in the USA.
The second approach discussed in the podcast involved utility concept. It measures the sold benefits as well as the non market values. Example, the local community gains utility when LeBron James lives in their city. Therefore, he adds value to the Gross National Happiness of the economy. Moreover, viewers gain utility by meeting friends, and associates at the basket ball games. Therefore, LeBron James adds various utilities to the economy that cannot be quantified absolutely. In economics utility is measured by a hypothetical unit called the utile. The absolute utile value which is gained by watching LeBron James playing basket ball is impossible to define however, a
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It will be dealing with all types of foods and soft drinks. However, it will concentrate more on fast foods and snacks since they are usually on higher demand at Cambridge streets. It will be supplying high quality snacks, hotdogs and soft drinks among other types of foods.
As a result, three parties are involved in the corporate sponsorship of events and they include the audience, event organizers and the corporate institutions themselves. A critical analysis of these three parties raise the question of the importance of having corporate sponsorship, which acts as the motive for carrying out this research to assess and evaluate its importance from the dimensions of three stakeholders.
The chapter also deals with the issues and factors pertaining to the rise of diabetes especially among South Asian women. For this purpose, the chapter will consists of critical and analytical analysis of the past published data and information in a succinct manner.
G. & Ayanian, J. Z. (2010). This report is about a study which was performed with a strong background of increasing awareness of clinicians about the racial disparities that exist in the health sector. It aimed at improving communication so as to enhance the diabetes care among the black patients in eastern Massachusetts.
According to the discussion during influenza pandemic individuals falling ill commonly seek assistance from the health care provider that provides their normal health care needs. This means that health care providers must be prepared to face the extra rush of patients during an influenza pandemic.
The revenue growth of the company will be analyzed based on the natural year total in order to eliminate the effect of seasonality of the results. The three natural years of IBM that will be evaluated are 1997, 1998,
pes to both genders, during the rise of feminism in the 1950’s and 1960’s with the increasing number of women writers and literary critics (Griffith, 2010; Wolfson, 1999). As such, literary gender criticism in literature aims to find out how the writer’s gender and
Due to the cultural beliefs and stereotypes of different American people, the immigrants were not friendly received and, in this respect, conflicts emerged. During the 20th century, a lot of the immigrants came from the western and northern Europe
“Modern Family,” involves the main character Jay and his family with the developing of conflicts constantly observed in the family on matters pertaining to work-family balance.
First, the family lacks sufficient economic resources as the members live in the suburban areas
It discusses how the changes in weather seasons affect different animals living on land (BBC 1).
One of the most remarkable points that made an impression me is the fact that emperor penguins and Polar bears can survive for four months without food during
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