Today‚ rising cost of living is an everyday theme. In the bus‚ at the office and at the market‚ almost all conversations revolve around the rising prices. Increase of general price levels is generally known as ‘inflation’. The common man feels the inflation when the prices of his consumer goods go up. He feels the rising cost of living with each increase of bus fare‚ bread prices and utility bill prices. The causes a lot of social problems which at its extreme form‚ cause social unrest. Over the
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income tax.” -Albert Einstein. Many lower class Americans feel they shouldn’t have to pay as much taxes as the upper class. A tax (from the latin taxo; “rate”) is a financial charge or levy imposed upon a citizen of a state or the functional equivalent of a state to fund public expenditures. It is not right for the American Federal Government to tax the rich more than everyone else to get America out of debt and to pay for our country’s needs because not all rich people were handed their money‚ there
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The Rising Cost of Universities As students are finishing up with high school‚ they come across a very important decision in their lives. Should they move on to a University and further advance their learning capabilities to one day work in a specialized job? Or go straight to the workforce with only a high school diploma? The problem these students face is that this decision is not entirely up to them anymore. In today’s economy students suffer from the rising costs of attending Universities
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the books. The rising price of textbooks is becoming an issue. Even though the school bookstore has to make a profit off of textbooks‚ the prices are too high considering the quantity of books students need for all classes. Why are the prices of textbooks so high? And‚ why are the prices growing as rapidly as they are? The overall cost of college is tremendously higher than what it was ten or fifteen years ago. And it is very rare that students and their families are able to pay for college
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Medical Costs and the Impact on Us Professor Robert Hudson from the London School of Economics define the indifference curve as a graph showing different bundles of goods between which a consumer is indifferent. That is‚ at each point on the curve‚ the consumer has no preference for one bundle over another. One can equivalently refer to each point on the indifference curve as rendering the same level of utility (satisfaction) for the consumer. Utility is then a device to represent preferences
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Advertising Tobacco and Alcohol to Children In his Theory of Moral Sentiment‚ Adam Smith said‚ "Man ought to regard himself‚ not as something separated and detached‚ but as a citizen of the world‚ a member of the vast commonwealth of nature and to the interest of this great community‚ he ought at all times to be willing that his own little interest should be sacrificed." These words should ring loud and clear in the ears of alcohol and tobacco marketing professionals. However‚ it seems more
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The skyrocketing costs of college can lead a parent to wonder if an investment in higher education still makes sense. This is especially true when the annual cost of attending a private college can easily exceed the annual salary a graduate receives during their first few years of work. For those parents who still have a number of years before their children reach college age‚ doing the math can make the dream of college sound more like a nightmare. For those within a year or two of college‚ the
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SOCI 38 Social Control Essay Assignment Topic chosen: Tobacco and alcohol Consumption of tobacco and alcohol has long been proven to be harmful to one’s health‚ however it should be considered one’s liberty to smoke or drink and such acts are not considered “illegal” under laws. However‚ many countries have implement social control mechanisms in regulating smoking or drinking behavior‚ which raises controversy in the sense that smoking and drinking could be seen as “norms” in social gatherings
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A Wage Increase In Our Pay How long do we have to live with just getting by? Each time we get paid‚ our hard-earned wage is used for bills‚ utility‚ fuel‚ and food. We don’t have enough money left over to get the things we want for our loved ones and ourselves. For example there are times when I want to see a movie‚ but I can’t because of all my money goes to pay bills. The reason we can’t get ahead in life is that the federal minimum wage is set at $7.25 per hour. Let’s unite and ask for a raise
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Rising Health Care Costs for Small Employers One of the biggest problems small employers face today is the steadily rising costs of health coverage for its employees. This paper covers how health care premiums have risen in double digits for the past five consecutive years‚ how many small businesses are forced to drop health care coverage for their employees because of the out of control costs‚ and what small businesses are doing to control the costs and still offer health care coverage to their
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