Prices in gas have changed how much food cost since the transportation of these goods needs gas. This rising tide has also sent the price of rubber and plastic product soaring. Yet, the biggest problem due to these prices is car sales. Transportation of food in America is mainly by semi-trucks or trains. With the cost of diesel gas almost breaking five and a half dollars per gallon, many companies cannot afford to transport their product.
For a 250 million sq ft plant the rate per square feet comes to 0.25 whereas for an 80 million sq ft facility this rate is 0.43. The variable cost of this smaller plant is also about 150% of the bigger plant. So a new player trying to enter the industry with a smaller plant faces huge cost disadvantages. The other individual processes also seem to be scale intensive as evident from the importance of MES at each level of value chain. The government duties also make it difficult for small players to enter Canadian market.
The government gives out a lot of tax credit to help assist with the output of different air pollution like they give a tax credit for windows which would reduce the use of lights, and heat or air condition system running and burning a lot of pollution. Next they have put a lot of effort into the hybrid and electrical cars which are more environments friendly. The light bulbs are another way as they are more energy efficient which once again helps reduce the electrical company output of carbon dioxide. Us as human have to do our part also in saving our environment like instead of getting the plastic bags at the grocery store get one of the reusable bags, instead of throwing everything in the garbage start to recycle bottles, cans, paper, and plastic. Stop littering because if you litter by a forest it can start a fire if gets to hot and lighting strikes the paper and start a fire.
As the demand for one product decreases it can cause a chain reaction lowering the demand for products needed to produce the first product. This cycle will continue until the demand for manufactures goods increased and its citizen’s put more capital back into the economy. This theory is true for any reason that people stop buying goods, if the demand goes down so does the supply and the money spent on the supply. In effort to stabilize an economy that is stuck in the decreasing demand and supply cycle the government should increase spending and find ways to increase individual spending across the country. As the capital is put back into the economy the demand for supplies will go up.
Is the price elasticity of gasoline more elastic over a shorter or a longer period of time? Explain. It would be over a shorter period of time due to make sure policies set in place by the government are achieved. Consumption of gasoline has also decreased as people have increased their awareness to other means of car energy such as hybrids. 3.
Pro and Cons of using ethanol Pros: Ethanol is in demand by many user groups in the United States because of its many positive features, which include the following: Substantial domestic stock: Ethanol is a domestic resource and so does not necessitate U.S. dependence on other nations. Clean-burning: Ethanol does not release the types or quantities of polluting particulates and air emissions that other fossil fuels, such as petroleum and coal, emit when combusted. Ethanol can be mixed with biofuels to produce an even cleaner transportation fuel. Availability to end-use consumers: In addition to featuring in many industrial processes, ethanol is commercially available directly to end-users as a heating and cooking fuel, and for various other uses. Economic Growth- And since ethanol is home grown in the United States it means more and more job creation.
This affects rates on everything from mortgages to car loans. Fiscal policy is set by legislative action or executive order, so the auto industry plays a significant role in the U.S. economy. In October 2021, employment at auto and parts manufacturing and dealerships was more than 6.4 million, the health of the auto industry depends on the health of the economy. Monetary policy sets the tone for the economy so if interest rates are low, cars are more affordable, which usually means more auto jobs which is a good thing but if interest rates are high, dealerships have fewer auto jobs and more unsold cars . This leads to less tax paid by the industry and more unemployment insurance payouts, both of which affect fiscal policy.
Companies are forced to create safer products for the public to use, and also learn to make better with fewer resources. Corporations must invent new ways to cut down on their waste and work with less to create more. Corporations work diligently to cut down their use of water and electricity and other essential needs. They have educated the public about the importance of recycling used products and keeping their environment clean. Over consumption has led to many cures and medicines being created, and has made the world a better and safer place then it once was.
Some aspects of climate change may already be irreversible. Yet many scientists believe that by taking positive action now, it is possible to slow the pace of climate change and reduce further global warming. Changing our lifestyle and our behaviour will help reduce the human impact on the environment. Driving a car, using electricity to light and heat your home, and throwing away garbage all lead to greenhouse gas emissions. You can reduce emissions through simple actions like changing a light bulb, powering down electronics, using less water, and recycling.
The reasons this occurs is due to numerous factors like the number of companies going out of business, lack of job growth, future plans for job growth does not meet the need, founding father’s not allowing large business to come to town, education level of community, sales tax is high, and average household income is low. Another reason for the high unemployment rates in Mohave County is that there are some very rural areas and job availability is low. Some people actually make more living off the unemployment benefits then they would get paid at a minimum wage job. “Unemployment benefits range from $60 to $240 per week depending on a person’s previous income” (Pelham, 2011). “The average job growth is 1.46% lower than the Nation’s average.