Economics of Social Issues Assignment Example | Topics and Well Written Essays - 500 words

Economics of Social Issues - Assignment Example The total budget deficit does not reflect the effect of all expenses and revenues of the federal government. Some items of expense and revenue are marked as off-budget while others are on-budget. The total budget deficit is the combined effect of the off-budget and on-budget categories. The items that are not included in the on-budget category include the social security payments and unemployment benefits. For most of the past decades the on-budget categories have resulted in a deficit which has been offset by a surplus in the off-budget categories to result in a lower total budget deficit, as in 2012. Cyclical deficits are less of a concern than structural deficits because they are of a temporary nature while structural deficits can be more persistent and even lead to inflation. Cyclical deficits arise as the economy goes through different phases of the business cycle (Arnold, 2010, p. 236). They occur especially during the recession phase when the government has to increase spending on social support. Structural deficits are more permanent and reflect fiscal mismanagement despite the business cycle. If the government cannot derive a reasonable return on them, it may have to print more currency or take on additional debt to pay off the deficit. Budget deficits tend to result in a crowding out of private firm and as a result private sector investment is reduced (Arnold, 2010, p. 241). The government borrows from the private sector to fund its deficit spending and to pay off creditors. As a result, the private sector is left with fewer funds to invest. As this also reduces the employability of private firms, the number of jobs in the economy also reduces. The graph shows the effect of budget deficit on the loanable funds market. The government issues bonds to cover its deficit spending which increases the demand for credit and the demand

An Analysis-Synthesis Essay Example | Topics and Well Written Essays - 2000 words

An Analysis-Synthesis - Essay Example This paper will address the question, how can the Indian government best tackle the problem of parents selling their kids organs? Trafficking and selling of children or their organs is an issue that requires an urgent attention in India. This shocking trade still goes on up to date despite the barbaric nature it reflects. It is a more disturbing fact to establish that most of the children sold are sold at a price much lower than the cost of most animals. In India, children are treated like a commodity or good in a black market where the value is not much important as long as they are sold for a price. It is clear that these children are either relocated to certain parts of the country or moved across borders after they are sold. The children are solved for different purposes that include prostitution, forced labor, child soldiers or for organ removal (Nair, et.al, 2005). It is sickening to note that children are sold for organ removal to support the lives of other people, yet their own lives are considered useless. It is not sensible to support the life of one person by killing another person. The selling of the children is done through persuasion or coercion. In certain instances, children are gently persuaded by the members of their families or friends to comply and be sold by promising them a better life unlike the one they lead. In other cases, the children are coerced or forced into submission. In either case, children never have a bigger bargaining ground because in most cases they cannot make a decision on whether to be sold or not whether it is through persuasion or coercion (Nair, et.al, 2005). Rough estimates show that approximately 40 to 50 percent of human trafficking victims are children. More disheartening is the fact that that both the children and their families are mostly unaware of the danger because they honestly believe that they do this for children to have better lives in other countries where they will