Principles of Economics Essay Example | Topics and Well Written Essays - 1000 words - 2

Principles of Economics - Essay Example There are economics variables and principals of solving the problem of alcohol abuse. First, by increasing the prices of alcohol, the authority will require that the goods will not be easily affordable, and it would require people to stop in order to afford it. The government would be required to accumulate tax on a product that is used in fermentation or to increase the tax of finished products. Increase in tax will force producers raise the prices of alcohol. Lastly, economist suggests that by limiting the place and time used in taking alcohol can minimize the cases of alcohol abuse. Authorities in many countries have passed legislation that increases the time costs used in taking beverages. High costs licences are levied to those that require more time to develop their businesses and also restricting certain area by increasing the cost of doing business (Cook, 2002). Alcohol abuse can also be mitigated through packaging. The government through legislation can control the least amo unt of alcohol that can be packaged in a container. The aim of control is to minimize the affordability of beverages. Large amount of alcohol would be more expensive than when packaged in smaller packets (Cook, 2002). Question 2 Prescription drugs are those drugs that require a prescription from a doctor before one can use them. This problem has affected the free flow of drugs, therefore, affects the supply and demand of other goods. Prescriptions drugs are taken with other goods. Example, doctors prescribe drugs and encourage meals that increase the health of patients to help them recover from their ailments. Therefore, prescription drugs complement other product like food, fruits and beverages. Increased use of prescribed medication increases the demand for food, fruit and beverages and reduction of the same reduced the need of food, fruits and beverages (Anderton, 1977). Prescription drugs change the demand and supply of other drugs. Patient who would rather buy drugs over the co unter do not do so when they seek medication from doctors. Therefore, increase in prescription drugs reduces the provision of other drugs in the market. Prescription drugs increases the demand for medical service. Specialized medical doctors earn a lot when more patients seek their services. As more and more cases that need patient to seek medical attention, the demand for those services increases. However, decrease in the supply of prescription drugs has a negative impact on doctor’s services. Question 3 Elasticity is the sensitivity of supply and demand to changes in the affecting factors. Elasticity can also be defined as the degree of variation of demand when price change or the amount of change in supply when price changes. Elasticity is a key factor to consider when there is a shift in supply because it determines the degree of a change in the quantity supplied. Elastic demand curve has little effect when there is a shift in the supply curve. Inelastic demand curve has a large magnitude on the shift in the supply curve (Stonebraker, 2013). On the other hand, elasticity of supply is a factor to consider in the shift of the demand curve because it elasticity help determine the extent of the quantity demanded in a given time. A shift in the supply curve when is less when the demand curve is relatively elastic. Inelastic demand curve has a significant change in the quantity demanded in case of a shift in demand curve. The principal of elasticity of demand and supply in the shift of

A Second Look At The History Of Christianity Annotated Bibliography

A Second Look At The History Of Christianity - Annotated Bibliography Example The primary focus of this paper is to take a second look at the origins of Christianity specifically in the teachings of Jesus Christ and study this in the light of the historical flaws in the life of the church. What was the original message of Jesus Christ and did he really plan to build a big institutionalized church named after him? Did Jesus Christ really want to have more than 41,000 feuding denominations all claiming to be Christian churches and almost all claiming to be the only way towards salvation? Is Jesus Christ now smiling at how the Catholic Church, the Mainline Protestant Churches, the New Religious Movements, the Pentecostals, the Evangelicals, the Fundamentalists, the liberation theologians not to mention fanatical sects and cults are now behaving? What really happened to the history of the church and is there a possibility that all these churches be One? Although there are now different versions and translations of the Bible, it cannot be contested that Christ want s all to be one, just as he and the Father are one. In the Gospel of John chapter 17:21, Jesus prays, â€Å"that they may all be one. As you, Father, are in me and I am in you, may they also be in us, so that the world may believe that you have sent me" (International Council of Religious Education, 1977). The fact remains that christian churches are divided. This is not to mention the 30 years war betweeen the Protestants and the Catholics, the Wars during the Reformation, and the countless martyrdoms on every side all in the name of Christianity. The fact remains is that these shisms are not simple differences as they have already led to bloodshed and religious discrimination and even major wars. Simply look at the illustration below (The Pew Forum on Religion & Public Life, December 19, 2011): The Protestants, claiming that they have found the original message of Christ, were not exempted from division. See the figure below (Protestant Branches, 1997). To date there are about 41 ,000 registered Christian sects and denominations all claiming to be unique, different, and having the right path to salvation (The Pew Forum on Religion & Public Life, December 19, 2011). In fact most of these organizations would affirm the call for unity. There is also a recent encyclical by Pope John Paul II entitled Ut Unum Sint meaning, â€Å"That All may be One† calling for oneness and ecumenism. This encyclical recognizes that Christian prejudices have become too heavy a burden and outlines the processes towards mutual respect and unity among the different Christian denominations. (Paul, 1995). Despite Jesus’ prayer for unity, Christian churches became divided. Here is a detailed study of the various divisions that occurred within the Christian churches. In a sense, it is going to be a second look at church history and in the end, this paper will ask the question if it is possible to overlook the differences for the sake of a higher principle which is the messag e of the Gospel and Christian unity. The Debate between Saint Peter and Saint Paul James Dunn gives an enlightening discussion on the early church specifically on the debate of Saint Peter and Saint Paul. Both of these saints believe that the second coming of Christ will come within their lifetimes but both advocated different pathways. In his book, Jews and Christians: The Parting of the Ways, Dunn relates how Saint Peter wishes the Gospel to be preached to the Jews first and how Saint Paul advocates the preaching of the Gospel to the gentiles. It must be noted however that Saint Peter was not exclusivist. He only wanted to preach to the Jews first as a matter of priority but he is open to convert other people besides Jews. Besides the issue of who to prioritize the preaching of the Gospel to, considering the imminence of Christ’s Second Coming, there are also major cultural differences among the two