Saturday, February 29, 2020

Economics Essay Example | Topics and Well Written Essays - 2250 words - 5

Economics - Essay Example According to an academic understanding, term aggregate is recognised on the basis of demand and supply which include Aggregate Demand (AD) and Aggregate Supply (AS) (Gwartney & et. al., 2012). In this essay, the discussion highly focuses on the concept of Aggregate Supply (AS). The discussion also incorporates an analysis of three key factors that might cause the AS curve to shift using appropriate graphical illustrations. Additionally, the discussion includes the example of the UK in terms of analysing the major influencing factors on the country’s aggregate supply portfolios. The concept of Aggregate Supply (AS) in economics principally represents the existing relationship among the price and the quantity level with the total amount of goods or services supplied. In general, the concept of AS refers to the overall supply of commodities and services produced within a particular nation (Mankiw, 2014). The changes in the AS curve are generally influenced by a number of factors of a particular nation. However, the change in the AS curve shift is primarily influenced by three key factors that include economic growth, change in input price and substitution effect of goods/services of that particular country. The positive growth rate in an economy is resulted by the increase in productive resources including labour and capital of a country. The availability of abundant labour and/or capital resources helps to produce extensive numbers of final goods and/or services as well as provide support to increase the annual GDP growth rates. In this regard, a positive growth rate of economy of a country is represented by a shift towards the right of the AS curve. On the other hand, the lower growth rate of economy represents shift towards the left side of the AS curve (Mankiw, 2014). In relation to the current economic performance of the UK, the country has been witnessing unabated fluctuation

Wednesday, February 12, 2020

Culture, Technology, and Expansion Discussion Essay

Culture, Technology, and Expansion Discussion - Essay Example in which a whole range of political and social patterns as well as institutions that have been conventionally considered part of the European history were formed. During this period, a range of cultural identities and political boundaries were developed in many European countries that included Germany, France, Italy, Iberia, British Isles, Scandinavia and Eastern Europe. The time from 1000 to 1300 was when there happened a chain reaction in terms of advancements in the society, political life and economy which led to the development of new traditions in art and literature, scholarship, philosophy and religion. A vast majority of these trends have become intrinsic features of the contemporary European culture. Technology played a very important role in this cultural expansion. The rapid change of economy in the medieval Europe can fundamentally be attributed to the innovations in agriculture, expansion of territories and identification of newer construction techniques for the development of cities which was not achievable without the advancement of

Saturday, February 1, 2020

Case study exam Assignment Example | Topics and Well Written Essays - 1000 words

Case study exam - Assignment Example The father is normal. Greg’s sister is carrier. Greg’s aunt has DM and is married to an unaffected man. Greg’s mother is both a DM carrier as well as a hemophiliac carrier. There are third chances that Greg may be a carrier for DM (Love, 391). You must provide names for each member if they are known. I don’t know who you are referring to in the paragraph above. Please label each circle and square represented with name of the individuals that are described in the family history Greg and Olga. Olga’s maternal grandmother is a carrier while her sister was hemophiliac. Olga’s mother is a hemophiliac carrier whereas the uncle is hemophiliac. The hemophiliac gene was carried from the mother to Olga. Olga is therefore a hemophiliac carrier with Frank being a hemophiliac and the other brother being normal. The genetic disease DM and one causing blood clotting factor VII have the pattern of inheritance identified in question 2. Hemophilia disease associated with deficiency in blood clotting factor VII is sex linked and therefore carried by the sex genes whereas DM is an autosomal dominant gene and not sex linked.  I disagree. First, not all of these people carry the gene for DM. Second what does it mean that DM is an autosomal dominant disease? If you look at the description, Angie is not affected by DM and only one of the uncles (Ernie, or Al) is affected by DM. Go back and review the idea of autosomal dominant diseases and revise these genotypes accordinglhy. Both Kyle and Sean were unable to suffer from the disease since the hemophiliac receive gene is often carried in the X chromosome. The two boys inherited their X chromosome from their mother who was normal and their Y chromosome from their father who was hemophiliac. Hemophiliac recessive gene is never carried in the Y chromosome. I agree Frank inherited his X chromosome from the mother and a Y chromosome from