Case Study #2 Example | Topics and Well Written Essays - 1250 words

#2 - Case Study Example Gasoline is most commonly used as a fuel in vehicles which makes it one of the most important commodities in human life today. One of the characteristics of a necessary item is that its price should stay within the affordable limits of the general public, so that they are not deprived from its usage under any circumstances. But, gasoline price is found not to adhere to this rule and had often been subjected to wide variations, a consequence of similar variations in oil prices. The impact of such price movements is more intensely felt in the Western economies where almost every household owns a car. The following diagram is evidence of the wide fluctuations in gasoline prices in USA over five years (2004-2008). In fact, the mean and standard deviations of the gasoline prices, which are 251.38 (cents per gallon) and 62.15, over the five year span being considered, are also evident of wide variations in the same. The present study tries to investigate the causes and effects of wide fluctuations in gasoline prices in context of the US economy. USA being one of the highest GDP earning nation in the world and also the one with the highest per capita income, is a good ground for the study since oil has become more like a mode of daily life for the Americans. Hence, any fluctuations in the price level of the same, will have a widespread impact on the lifestyle of the nationals. The research outcome will help the residents of the country to get more aware of the possible impact of a rising oil price and thus they will be in a position to anticipate beforehand how they might be affected when subjected to such price fluctuations, and thus shield themselves accordingly. The fluctuations in oil prices and hence that of gasoline could be owed to a large proportion of oil being produced in the Middle East nations which, having formed an organization in themselves (OPEC) enjoy almost a monopoly power over the price movements of the

A picture of reading Essay Example | Topics and Well Written Essays - 250 words

A picture of reading - Essay Example They turned their flashlights on. They each went separate ways, imagining different lands and living in different societies. Luke went to a faraway island because of a sunken ship, while Jenna went to Mars as the first girl astronaut. The photo shows the prestige of reading to children who grow in an environment where they have access to books. The reading is happening inside their home, which suggests, that their parents or someone in the family values reading enough to provide them books. The setting is important in showing that parents have a large role in encouraging their children to love reading. Also, in this photo, reading has become an act of bonding and going to different adventures. It shows that girls and boys alike can enjoy reading because they can read the books they like. Brothers and sisters can enjoy reading together. They may not be directly playing with one another, but they can talk about the stories later. The photo shows that reading is good for creativity and

World War 3 Essay Example | Topics and Well Written Essays - 1250 words

World War 3 - Essay Example Moreover, reviews by other authors such as Irvin Howe revealed that Mills article lacked sufficient evidence and factual arguments. Despite such critics, Howe was castigated by student Movements who supported Mills views at the time. The article written by Mills came in the wake of nuclear arms production which he believed was setting the stage for an eminent global war. Interestingly enough, his book received record positive reviews from activists with sales totalling one thousand copies. This was due to the general atmosphere at the time by supporters that a nuclear disaster was imminent. An in depth analysis of Mills theories concerning his believe of a nuclear World War 3, provided sufficient grounds for criticism by Ted Goertzel. One theory that Mills advanced revolved around the role of the power brokers in America and Soviet Union. To this end, Mills believed that the executive and military stakeholders in Pentagon were a dominant force in America’s political sphere. Furthermore, he equally believed that the Kremlin leaders of the Soviet Union were also fomenting its nuclear power for pursuing an impending Armageddon (Groertzel 242). To this end, Mills argued that both power brokers in America and the Soviet Union were manipulating the minds of innocent civilians through the media and consequently leading them towards a nuclear warfare. However, Goertzel disputes this line of thought due to several reasons. Foremost, Goertzel argues that Mill’s failed to justify his theory of military domination in the United States economic sphere. To this end, Goertzel stated that one measure of examining control of power by a specific group was through its control of national income and resources. Thus, if Mills theory on power control by the military was true, it would have reflected on the country economic indicators. Consequently, to poke aspersion into Mills theory, Goertzel draws in statistical evidence from the Gross