Write problem set Speech or Presentation Example | Topics and Well Written Essays - 500 words

Write problem set - Speech or Presentation Example this is because, the substitution effect changes. The quantity of capital is less with more wage rate In the long run, a decrease in the price of capital will lead to an increase in labor units. This is because the proportions have a substitution effect. The total effect will be less capital and more labor employment. a) According to the substitution effect, I would expect a company to have a high own wage elasticity of demand if the other factors of production such as capital can easily be used as substitutes for labor. This would make it easy for labor to be reduced or increased depending on its substitute’s quantities. b) If the product being produced in an industry has high price elasticity, then it means that the labor elasticity of demand will also be high. If an industry is producing coffee and the elasticity of demand for coffee keeps changing, then the own wage labor rate will also change relatively to the elasticity of demand of the product. c) When all the other factors of production have a high elasticity of demand, then it also means that the labor elasticity of demand will be high thus elastic. If a company’s capital demand keeps changing for example, then it means even labor demand will change as the two are co-related. A company will only be able to hire what it can pay for thus the elasticity. d) If the total cost of production of a company is highly contributed by labor, then the labor elasticity of demand will tend to be highly elastic. This is a scale effect that means that, the more labor in an industry contributes highly to more total costs in production, the more the company is likely to demand labor. If product cost is low for example and the company requires to spend less on production, they will cut on labor because it has the bigger percentage hence the

War on Terrorism Research Paper Example | Topics and Well Written Essays - 1000 words

War on Terrorism - Research Paper Example The invasion of Afghanistan is seen as the first action of this war, and initially involved forces from the United States, the United Kingdom, and the Afghani Northern Alliance. Since the initial invasion period, these forces have been augmented by troops from Germany, Canada, Australia, and New Zealand. In 2005-2006, Canadian forces there will be increased to over 2000 troops. Canada also supported coalition efforts in Operation Archer, Operation Apollo, Operation Altair, and Operation Athena as part of the ongoing support for Operation Enduring Freedom. The Canadian government, however, does not recognize Iraq as part of the informal network of support for the attacks of 9/11 and as such, has declined to send Forces to that theatre of operations, although scores of them are on assignment to US Forces - mostly assisting in AWACS operations. (Richard Miniter. October 2005) Support for the United States cooled when America made clear its determination to invade Iraq in late 2002. The United Kingdom, Italy, Spain, South Korea, Poland, and Australia joined the "coalition of the willing", unconditionally supporting U.S.-led military action. Other countries, including Canada, Germany, France, Pakistan, and New Zealand opposed military action and blocked American attempts to pass a UN resolution explicitly backing military action. Countries that did not participate in the invasion but who have made themselves parts of the reconstruction and peacekeeping efforts include Ukraine, the Netherlands, Denmark, and Romania. Many of the 'Coalition of the willing' countries also have sent troops to Afghanistan, particular neighboring Pakistan which has disowned its earlier support for the Taliban and contributed tens of thousands of soldiers to the conflict. Support for the "War on Terrorism": Supporters assert that democracy in traditionally authoritarian countries has a transformative power that will add to peace and stability. Supporters downplay civilian casualties by arguing that many who live near terrorist cells are likely to support them materially, although this would imply that western tax-payers should be considered legitimate targets by those opposing western military action. Some argue that war could act as a deterrent against terrorists, demonstrating to potential recruits that they would face certain retribution. This argument may hold less water in reference to suicide terrorism, or when terrorists expect to become martyrs, but can be argued to deter such attacks by weakening the logistical base which provides martyrs with explosives and points them toward effective targets. (Gary C. Schroen. May 2005) Some analysts argue that democracy in the Middle East will elevate Islamists, including radicals, who will use democratic institutions to gain power but then implement their autocratic agenda. Democracy can also lead to instability. In short, things may get worse before they get better, which may be bad news for the US. Many however believe that in the long run increased democratic governance or the break up of static autocracies will lead to a better outcome than the status quo even if the emerging governments initially oppose U.S. policies. Some furthermore argue that any type of somewhat democratic government would find more common ground with the U.S. than the existing ones even if rapprochement was gradual and difficult.