Preview

science

Powerful Essays
Open Document
Open Document
2051 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
science
Assignment Type: Individual Project Deliverable Length: 10–PowerPoint Slides
Points Possible: 150 Due Date: 2/16/2013 11:59:59 PM CT

You are between jobs and have decided to relocate to a city west of the Mississippi River, but you are unsure of what size or type of city you and your family can afford to live in.
Choose 4 cities west of the Mississippi River, each of a different size, and research the housing prices for a 3-bedroom, 2-bath condo for each city. Determine how supply and demand can affect the prices of these homes. In a PowerPoint presentation, submit data findings that include economic factors within that area that may influence your decision, or factors that have prohibited an area to be chosen.
Present the data in the following format:
1 slide of housing data findings. Provide the housing prices of each chosen city west of the Mississippi for a 3-bedroom, 2-bath condo or house.
2 slides of your preferred city to relocate with your reasoning for this choice
1 slides: Explain at least 2 reasons why housing prices vary from city to city
3 slides: Explain 3–4 ways in which supply and demand affect the prices of the homes
3 slides: Include any supply and demand figures or calculations to support your reasoning
Cite sources using APA style. Economic Systems
Every country has an economic system that is a complex combination of laws, customs, and organizations including businesses and government. Economic systems produce what the society wants and needs—sometimes effectively and often poorly.
Economic systems can be divided into two fundamentally different camps: demand economies and command economies. Demand economies are driven largely by consumer wants while command economies respond to the directives of the country's government, ruling party, or leader. Each country's economic system, be it command or demand, must answer three basic questions:
What is to be made (e.g., schools or prisons? airplanes or

You May Also Find These Documents Helpful

  • Good Essays

    Psy/315 Week 4

    • 631 Words
    • 3 Pages

    3. Consider the percent change in housing values over a five-year period for regions of the United States, as shown in the following table. Draw a box plot.…

    • 631 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    1. Explain two ways in which the builders of houses in the factory towns kept costs…

    • 1276 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    (Pittis, 2015) In fact, due to Baby Boomers are looking for getting the maximum value from their single-family homes, a future increase in this specific market will make prices to reach a maximum value at certain point, resulting in a period of decline. (Ireland, 2015) For instance, Edmonton will present a reduce in housing prices due to both the large supply of homes in the market and economic issues related to the decline of Alberta’s oil extraction. As Pittis (2015) states, the combination of both factors will cause a reduction in the housing demand since there will be fewer buyers compared to the number of Boomers competing to sell their homes. In Ontario, there will be similar consequences, however, they will vary depending on where and what type of house is in the market. (Pittis, 2015) For instance, inner Toronto may not be hardly affected because its convenient place allows a limited number of single-family homes with a high demand from buyers. In contrast, sixty-four percent of inhabitants in the Great Toronto Area demonstrate being worried about a possible downturn in the real estate prices. (Ireland, 2015). In London, for instance, the vast space for construction will not provide the city with an scarcity value, reducing even more the housing prices in the area. (Pittis,…

    • 1686 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    If the availability of the apartments were good and in a preferred location, this could have a direct effect on the increase in demand. When consumers look for a place to live the size of the home is crucial in their decision making as well of the economic conditions in the area. With the location, size and economic conditions all factoring into the decisions, the price of the apartments must be determined accordingly.…

    • 788 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Explain how the strength of the economy as a whole could affect the marginal benefits and the marginal costs associated with a decision to purchase a home.…

    • 291 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    science

    • 251 Words
    • 2 Pages

    Describe the function of the ecosystem: How do the abiotic and biotic components interact in biogeochemical cycles? Describe both the carbon and nitrogen cycles…

    • 251 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Scarcity and Economics

    • 686 Words
    • 3 Pages

    Economic system is a manner in which a nation uses its resources and manages production and distribution. In other meaning is an organized way in which a state or nation allocates its resources and apportions goods and services in the national community. The following are the types of economic systems;…

    • 686 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    There are many articles on economic aspects going on in various markets. The Housing Market Paradox is an article on the US News website by Andrew Soergel (Economy Reporter) dated September 20, 2016. In the article, the economist explains how there were low mortgage rates in the past and also interest rates which were near-zero which on his opinion theoretically would have created a housing market characterized by a perfect storm. The housing market prices just like the price of good and the services of other free markets are solely driven by the economic aspects of demand and supply. For instance when the demand rises and/or the supply drops, it is certain that the prices would go up.…

    • 367 Words
    • 2 Pages
    Good Essays
  • Good Essays

    SCIENCE

    • 3120 Words
    • 13 Pages

    The DOI format with a hyperlink is preferred in the APA Style Guide to Electronic Reference(2012). The APA guide says that the old format is also accepted. However, it no longer is preferred.…

    • 3120 Words
    • 13 Pages
    Good Essays
  • Good Essays

    Big City Sociology

    • 588 Words
    • 3 Pages

    Cities are designed to place its inhabitants in a place they are able to afford. Because there is a social structure in the United States, the wealthy and the poor are placed within their social groups. The wealthy are able to afford the best places in the city, and because they have the means, there will be more money invested in their property. The poor on the other hand get the least favorable parts. These parts are usually the least expensive for the crime, the aesthetics, and the environment. Cities are built with the value in mind. The houses will be bigger in the best part of the city, the cars would be more luxurious, there will be less police because there would be a low crime rate in that part. The community would be quieter and there would be less convenient stores. The overall…

    • 588 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    * This type of economy lacks the kind of flexibility that is present in a market economy, and because of this, the planned economy reacts slower to changes in consumer needs…

    • 766 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Frequency Distribution

    • 425 Words
    • 3 Pages

    4. Two thousand frequent Midwestern business travelers are asked which Midwest city they prefer: Indianapolis, Saint Louis, Chicago, or Milwaukee. The results were 100 liked Indianapolis best, 450 liked Saint Louis, 1,300 liked Chicago, and the remainder preferred Milwaukee . Develop a frequency table and a relative frequency table to summarize this information.…

    • 425 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    economies, it may seem like one economic system is better than another, but it all depends on what the viewer deems important. In a market economy, individuals, rather than governments, make the majority of decisions regarding work, consumption, and production. In contrast, a command system is based upon government decision making concerning production, output of goods and services, and use of resources. Both have their good points and their bad, but, each is aimed towards a community that will make use of it.…

    • 678 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    1. Where have the most densely populated areas settled down over the past years? Why? Name cities with rivers flowing nearby or across them.…

    • 1284 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    nothing

    • 2032 Words
    • 9 Pages

    Economic system is a system for producing, distributing and consuming goods and services. There are several economic systems practiced by different countries. One of these is market economic system. Market economic system is known as capitalism, laissez faire economy or free market economy. Market economic system is an economic system that the economic decisions and the price of goods and services are determined by the country’s demand and supply. Producers are compete with each other without any restriction that made by government. The major role of government in this economic system is tries to make sure the competitions are healthy in the market. The countries that are using this economic system are America, Canada, Australia, Switzerland, Argentina and South Africa.…

    • 2032 Words
    • 9 Pages
    Powerful Essays