Economic Impact Essay examples

The U.S government has been actively involved in overseeing emission standards for years. This corresponds with the statement made by the U.S Department of transportation that, “Transportation is the largest end-use sector emitting CO2”, and also the statement released by the NRCAN in which, “Fuel usage & carbon dioxide emissions have grown steadily over the past two decades.” These factors are only to be associated with your average four door sedan and/or light truck. These do not include your 18 wheelers, heavy trucks, or the gas guzzling vans that emit more carbon dioxide into the air and are also on the road more today than ever have been before. Cars are readily and easily obtainable more so now than ever have been. This creates more fuel to be burned up in which produces more toxins to be constantly released into the atmosphere. In fact, according to Scientific American “cars relate as much as 30 gallons of GHG, while only driving 3 miles.” These miles can be correlated with something just as simple as your average work commute. According to the United States Census Bureau, “Nearly 600,000 full-time workers had "megacommutes" of at least 90 minutes and 50 miles.” Those workers alone would each be releasing up to 500 gallons of GHG. These can be considered some of the bigger factors that the greenhouse gasses have taken a toll on.

The second largest source of greenhouse gas emissions in the United States is related to transportation, the burning of oil to produce energy in a combustion motor. The combustion process inside of engines is what produces the carbon matter that is emitted into the air through the exhaust system on gas-powered vehicles. Gas-powered transportation is accountable for 24 percent of the global carbon emissions; this should not come as much of a surprise given the amount of urban sprawl that is being seen in the United States and across the globe. In the past decade, the Environmental Protection Agency, the United States government, and major car manufacturers have been working in conjunction to find ways to provide a “greener” form of transportation (EPA, 2011). This has included testing the use of hydropower, ethanol, natural gas, biodiesel, and electricity as a means of powering vehicles, which has led to the introduction of hybrid vehicles. Hybrid vehicles run on electricity and gasoline, the byproduct of oil that is generally used in the engine combustion process of vehicles (U.S. Department of

Andrew Simms, a policy director and head of the Climate Change Program for the New Economics Foundation in England, presents his argument about the impact SUV’s have on our roadways, and the air we breathe. “Would You Buy a Car That Looked like This? “. The title alone gives great insight on what the article is going to be about, (vehicles). “They clog the streets and litter the pages of weekend colour *supplements. Sport utility vehicles or SUV’s have become badges of middle class aspiration” (Simms 542). Simms opening statement not only gives his opinion on how SUV’s are the new trend, but he also paints a picture of what we see every day driving down our roadways. Simms also compares the tobacco industry’s gap between image and reality

Charley Long, a truck driver, works for a seafood company in Mobile, Alabama. Charley helps to deliver fresh seafood to customers from Mobile with the company’s truck. Charley leaves Mobile every weekday at 4:00pm and arrives his last stop at 12:00 midnight. It’s up to Charley whether to drive straight back or spend a night along the road as Charley’s company doesn’t reimburse any his lodging and food expense. Charley sometimes sleeps in his cab in which is equipped with sleeping facilities, having one meal on his way. Occasionally, Charley stays in motels during which he will eat two meals. The IRS disallowed all his expenses generated in his trips, as IRS believes that his expenses are personal expenses.

For the better part of nearly 2 decades leading up to 2007 the automotive market was dominated by light trucks and suv’s. US auto makers were able to make very high profit margins off of these vehicles due to their price point while they could hardly break even on compact cars so the industry put very high focus on making them, causing them to become cheaper and sales to skyrocket. The general public ate it right up with low asking prices, loads of room, and perceived safety. Sales were at an all time high for entering the new millennium, surpassing minivan sales by 1994. It seemed like nothing could stop SUV’s from selling like hot cakes, that was until 2008.

Every day, millions of Americans turn on the engines of their cars and drive to school or work. What these people do not realize is that the vehicles they operate greatly pollute the planet. According to the Environmental Protection Agency’s recent website post, “Environmental Impacts from Automobiles”,

The Californian Air Resource Board (CARB) was enacted by the Californian legislation in 2002 to achieve the maximum feasible and cost-effective reduction of GHG’s from California’s motorcycle. CARB has proposed new near-term standards to be phased in from 2009 through 2012, and mid-term standards to be phased in from 2013 through 2016. The GHG emission standards will be incorporated directly into the current low emission vehicle (LEV) programs, along with other light-and medium-duty automotive emission standards. The LEV program applies to passenger cars, light-duty trucks, and medium-duty vehicles weighing 8,500 to 10,000 pounds, and it establishes exhaust emission standards. Accordingly, there would be a GHG emission fleet-average requirement

Economic systems are organized way in which a state or nation allocates its resources and apportions goods and services in the national community. An economic system is slackly defined as country’s plan for its services, goods produced, and the exact way in which its economic plan is carried out. There are three types of economic systems exist, they are command economy, market economy, and mixed economy. Command economy is also sometimes called planned economy. The expectations of this type of economy is that all major decisions that related to the construction or production, distribution, commodity and service prices are all made by the government. However, in market economy, national and state governments play a

In its essence, an incentive is a deliberate proposal calculated to make a person choose a certain action. Thus, the reason why incentives are so popular in society is because everything and

Even though SUVs are frequently marketed as safer than cars, they are in fact more dangerous.

It would also be in the best interest of the staff and faculty if they were involved in promoting a “team concept” by soliciting feedback down to the lowest level in the evaluation of newly implemented systems.

In the modern economic system presented in the world today, microeconomics, and the study of such, is a vital part of the budding economic scholar. In most circumstances, microeconomics is based on the cumulative study of how individuals and firms, or a combination of the two, make decisions regarding the allocation of resources, typically in markets where goods and services are bought and sold. This allocation, or optimization of limited funds through distribution, usually follows 2 standardized theories: the Consumer and Producer. Consumers usually choose to maximize their available preference in the market, with a limited income value or time aspect. This is evident in the world economy, with consumers always being fiscally motivated

Monetary and fiscal policy and their applications to the third world countries with a huge informal sector

As the United States unite in the global effort to monitor the use and waste of energy, fuel efficient or hybrid cars such as the Toyota Prius has dominated the market over the SUV’s who once adored every American driveway. With much doubt, in 2004, the Prius has become the leading selling vehicle in America. The sleek design has caught the eye and pockets of many Americans who prefer the “gas sipper” over the “gas guzzler.” (Kotler & Armstrong, Principles of Marketing, 2010)

The global economic environment has become more interlinked in the 21st century than ever before because more business enterprises have realized the importance of having trade relations within and outside their countries. Several prevailing factors that have a direct impact on the global economy influence greatly how the world business environment is likely to be at any given time (Harrison, 2010). This paper will examine the influence of factors on world economy. It will also examine how these factors shape global economic environment.