Increase In Demand Advantages And Disadvantages

The work and services provided by the State of Florida include services for children and families, such as services concerning adoption, child abuse, children with disabilities, food stamps, and marriage/divorce. They also provide services involving colleges and universities, courts and corrections, environmental and wildlife preservation/protection, healthcare administration, highway patrol and safety, utility regulations, transportation, revenue (taxes), and a host of other areas. In order to pay for all of the services which they provide, Governor Rick Scott has created a budget of $78.4 billion for the state of Florida in the 2015-2016 fiscal year (Scott, 2016, p. 13). This budget also includes the employment of 113,687 people who compromise the total state workforce (Scott, 2016, p. 14).

Sunshine state, or that’s what they call it. Florida is one of the fifty states in the united states. It’s located in the southeast region of the united states. Florida has a population of 19.89 million. Each year this number increases more and more because people from all over the world move there. People move to Florida for many reason; to study work, to have a better life, or for other reasons. Living in Florida has several advantages that attract people to move and live in it.

After Hurricane Katrina, ten months later, jobs plummeted to an average loss of 95,000. “During the month of November 2005, employment had dropped to 105,300 below the previous year’s figure.” (Dolfman pg. 7) Furthermore, Hurricane Karina in doubt did cause more damage to the economy than expected. The hurricane “affected 19% of U.S. oil production.” (Dolfman pg. 7) Hurricane Katrina completely destroyed 113 offshore oil and gas platforms, occurs damages to457 oil and gas pipelines, and spilled as much oil compared to the Exxon Valdez oil disaster. This devastating event “caused oil prices to increase $3 a barrel,” and gas prices sky-rocketed to $5 a gallon. (Dolfman pg. 7) Lastly, Hurricane Katrina’s impact struck Louisiana’s sugar industry, totaling an estimate of $500 million in “annual crop value.” (Amadeo)

Florida is Spanish for “Land of the Flowers”. This state is bordered by the Gulf Of Mexico, Alabama, Georgia, and the Atlantic Ocean. Florida has the longest coastline in the contiguous United States. The climate varies from subtropical in the north and tropical in the south. The coastline is approximately 1,350 miles long. Due to Florida’s location along the coast, it is a main target for severe tropical storms. Homeowners insurance rates are expensive in Florida. This is because the state has been hit the most by hurricanes and tropical storms than any other state in the US. Florida is also a victim of tornadoes. The state average for a home policy is an estimated $1,952.

After Hurricane Sandy there was a bunch of damage done to theses states : Jamaica, Cuba, Dominican Republic, Bahamas, and the U.S. (“Superstorm Sandy”). “The hurricane left an estimated 200,000 people without shelter” (“Superstorm Sandy”). The property damage was an estimate from between $30-$50 billion (“Superstorm Sandy’’). Many people had no home for a long time nothing to come home to or

How are stakeholders affected by this issue? In other words, what populations or other entities are affected by or contributing to this issue and how are they affected? How may this issue be affecting populations specific to Florida?

a billion in losses to boats in southeast Florida. The damage to Louisiana is estimated at $1

In the article “Pummeled Florida Staggers Toward Long Recovery” by Alexander Burns, informs the reader that Florida took most of the hit from hurricane Irma and it will take a long time for everything to be better. Beside Florida, three other states were on alert of strong winds and a tornado. To start with, hurricane Irma cause heavy rains, so that caused severe damages with the water and an amount of people weren’t able to evacuate. Due to this, the damages are going to cost repairs. Also, it turned off power lines. In consequence places are on alert. This is a awful event and it will take about a week, so we need to be alert.

Much of the eastern Florida Panhandle observed tropical storm force winds, downing power lines and trees, some of which fell on cars, roofs, and streets. Along the coast, winds blew water away from land, rather than generate storm surge, with water receding more than 10 ft (3.0 m) in some areas.[259] In Taylor County, damage was mainly limited to downed power lines and trees, with a few falling onto houses. Three homes suffered major damage and two homes experienced minor damage.[212] At the height of the storm, all electrical customers in the county – a total of 12,916 – were left without power.[104] Two indirect deaths occurred, both by carbon monoxide poisoning from a generator. In Madison county, trees and power lines were toppled across the county, two of which obstructed traffic on Interstate 10. Falling trees damaged two roofs. Throughout the county, 12 homes were damaged, with 3 sustaining major damage.[212] In Jefferson County, sustained winds reached about 40 mph (64 km/h) and gusts topped out at 60 mph (97 km/h). Winds uprooted or damage 338 trees, with 1 hitting a house and several falling onto roads. The storm also downed 224 power lines,[260] which at one point left 8,113 customers – 100% of the county – without electricity.[104]

Katrina affected US imports because of infrastructure damages and reduced economic activity. In 2005, the United States imported approximately $1.7 trillion in goods. This means that there was a 0.25% decrease in imports growth for 2005. The United States current elasticity was at 1.3, which implies that imports dropped another ⅓ of a percent by the end of the year. Therefore, US imports fell an extra $5.6 billion. However, imports increased by the same amount in 2006, demonstrating that the effects Katrina had on US imports were not permanent. Correspondingly, in 2005, exports in the United States only grew by 10% but in 2004 and 2006, they grew by 13%. The reason being that the Mississippi river was clogged and it prevented goods from being

Florida's workers were affected greatly by Hurricane Irma. They worked less shifts to properly prepare for the storm and lost productivity. The main industries that were affected in Florida were tourism

Florida has over 19 million residents with a large transient population. For many people, the state's attractiveness has to do with its weather; others may be drawn to it by the opportunity to work in Florida's tourism industry or in aviation and aerospace, both of which are highly productive and profitable. Few states offer the consistently warm weather and the variety of lifestyle options that you can find in the sunshine state. If you are considering a move to Florida, one of its top cities may be ideal for you.

Florida is one of the seven state that doesn’t has Income Tax. Alaska, Nevada, South Dakota, Texas, Washington and Wyoming are the other six states. Even thou Florida doesn’t has an income tax, there are many others taxes influencing our economy. The state has to pay their bills too! Mayor’s taxes that are collected in Florida are: sales tax, use tax, intangible tax and corporate income tax.

A sudden increase or decrease in the supply of a particular good is also known as a supply shock. A supply shock is an event that suddenly changes the price of a product or service. This sudden change affects the equilibrium price. The two types of supply shocks that exist are the Negative Supply shock and the Positive Supply shock. A negative supply shock, which is a sudden supply decrease, will raise the prices and shift the aggregate supply curve to the left. A negative supply shock can cause stagflation due to the combination of raising prices and the falling output. Meanwhile a positive supply shock, an increase in supply, will lower the price of a good and shift the aggregate supply curve to the right. A positive supply shock could be advancement in technology which most certainly makes production more efficient which thus increases output. For example a positive supply shock could be shown in the early 1990s when communication and information technology exploded which resulted directly in productivity increase, and an example of a negative supply shock would be that of the high oil prices associated with Arab oil embargo of the early 70s is the classic example of this occurrence. Any other factor could also produce this effect. Such as if

Gas Prices affected by Geopolitics and Supply problems Along with the demand for oil rising, many disruptions to the supply have created bottlenecks. For example, the war in Iraq has resulted in reducing oil production there, as has also happened in Nigeria due to rebel activity. The continuing nuclear weapons wrangle with Iran, the government increasing its control over industry in Russia, and the oil companies being nationalized in Venezuela has given rise to misgivings about future supplies.In recent years, refining crude oil in the US has also become more expensive, with experts citing two main reasons for this: congressional mandates resulting in shifting towards the production of more environmentally clean gasoline blends, and the oil refineries on the Gulf Coast being devastated by Hurricanes Katrina and Rita in the year 2005. In addition, the production of crude oil in America has also become costlier since the places that have been easiest to drill have largely gone dry.This means that oil companies have to go increasingly into offshore oil producing areas such as the Gulf of Mexico, which cost much more to drill in. With oil companies having to access harder to reach locations, which makes it costlier to produce oil, and simultaneously them being forced to reduce their