Month: May 2012

Essay: No Child Left Behind Act

Sample Essay - No Child Left Behind Act Graduation rates are key measures of a nation’s economic health. This is a critical indicator for parents, as well as policymakers in examining how the education system is performing. Essentially, if there are many graduates, it shows that the current education system is working well. With a 44% annual dropout rate, the State of New Mexico has one of the highest high school dropout rates in the United States. In New Mexico, high school dropouts earn only $12,000 per year while college graduates earn $30,000 per year. (more…)

Essay: Competing in the international labor market

Sample Essay Workers are trying to get the best education from the best of places, regardless of location, in order to compete effectively in the international labor market. Going back to the issue of outsourcing, companies do it to reduce their costs of production and to get a competitive advantage in terms of quality and service. May call-centers have sprouted up to cater to the growing need for better and cheaper services, so that today companies that are based in the UK have a call center in Bangladesh where the customer services rep responds to the queries of a UK client based in Bangladesh, without the customer realizing that he has called another part of the world. (more…)

Essay: Countries high on IDV

Sample Essay Summarizing what each of these dimensions entails, PDI measures how the weaker members of a cultural group or institution are treated and how they perceive the power distribution. It could be equal or unequal and this illustrates how a society’s weaker individuals accept that power distribution. Some societies might accept it as a part of life and some may view it as a weakness. No matter what the case, inequality exists and it is how the members perceive it and whether or not they want to change it that quantifies this dimension. Moreover, where PDI is high, senior members have more power and exert more influence, and are respected and awed by the weaker or less significant members. (more…)

Essay: Studying in a foreign country

Sample Essay Studying overseas is a phenomenon that has gained momentum ever since communications and transportation has become cost-effective and its use has become widespread. This study aims to understand why students chose to leave their friends and family behind. Moreover, through this exercise, we aim to realize the problems faced by international students and what their perceptions are regarding their experience abroad. (more…)

Essay: Elasticity of demand and supply

Sample Essay The elasticity of demand (supply) is measured by the percentage in quantity demanded (supplied) divided by the percentage in price. When the incidence of tax is superimposed on the model, there is a change in price dependent upon the type of tax imposed. If the tax incidence is borne by the supplier then the prices don’t change and demand elasticity is intact. However supply elasticity changes as the cost of production rises and suppliers restrict supply as it is now more costly to produce. If the tax incidence is passed on to consumers then the quantity falls. If demand is very elastic, quantity falls more than the change in price and revenue decreases. (more…)