Activity+2+(Economics)

This is simple for good ol' Mr Pratt to add suggested Remarks for Revision... #1 is the best money design I have seen yet! #3 and 4 are well done and presented nicely! #7 is well thought out and presented well. I absolute love the pie chart too. (#1,3,4 and 7 need no revisions) Thats 4 out of 8 I see... Zac, Connely, Skylar and Kirsten have nothing up there and that is absolutely unacceptable. 1: Christina 2: Zac 3: McKenzie 4: Sam 5: Connely 6: Skylar 7: Hannah 8: Kirsten

1.) There are many different elements that make up the design of our county’s paper currency. For instance, in the center of the front of the bill, there is always the face and name of a great leader. Also, our country name (Duas Insulas) and our slogan (Fortuna Fidem) are featured on the front of the bill along with a number indicating how much the specific bill is worth. Our county’s flag is always in the background of the front of the bill as well.

On the center of the back of every bill, there is a red poison dart frog. This is the largest element on the bill because it is our national animal. The national symbol (a large mountain with a large star to its left and a smaller star to its right) is drawn somewhere on this side. However, unlike the frog, the symbol is in a different place based on the amount of the bill. Just like on the front, the amount that the bill is worth is indicated on the back.



3 & 4.) Brazil is very similar to our country, it is mostly tropical rainforest climate and terrain. The amazon river basin allows for extremely fertile soil. Because of this soil and the easy source of water a rainforest formed, all the trees and plants as they died made the soil even more fertile and over time they become fossil fuels. Then over even more time certain kinds of fossil fuels become diamonds. They also produce things like building materials, coffee, sugar, and metal ores.

Congo is another country like ours, big rainforest but the thing it doesn’t have is coast line. 87% of their exports consist of oil/mineral fuels products and distillation products. 5% is oil slag and ash, 2% copper and copper articles. And then what Africa is well know for they sell pearls and precious stones and metals.

Our top exports

1. Medicine

Several of the natural plants on our islands allow us to make sophisticated medicine relatively cheaply and easily. Part of our world strategy is to monopolize on the medicine industry so that other countries will be reliant on us for something and if it is something that everybody needs the other nations will try to protect us knowing that if someone takes us over they will lose a valuable resource.

2. lumber/building materials

Having a large rainforest with ample lumber allows us to cut many of them down and seel the surplus wood to other nations. Another part of our fiscal strategy is to make large government incentives for lumber yards to replant two trees for every one that they cut down so that the business continues to grow and grow. Also knowing that there will likely be massive wars and other countries will need to rebuild after them and lumber will be a necessity.

3. diamonds/precious stones

If there is one thing that will always be a constant it is that every body wants to look pretty. During war during peace during anything people will want to look pretty and want to have things to help them do so. This entails make up witch is cheap and precious stones witch are more expensive and have a higher return rate.

4. coffee

every body who drinks coffee knows the best stuff comes from the rainforest. You can look at nearly every bag of beans and they all come from either Africa, Brazil, or the Caribbean. All of these places and regions have some very similar climates and geography to our own island. So in theory we could make a good yearly profit.

5. Sugar

People everywhere want to have something that is sweet. Sugar is the stranded for all kinds of sweets and fatty foods. In other words sugar is needed for all foods that people eat all the time. Chocolate, candy, chips, and nearly everything that people buy these days.

Our top imports

1. steel and other strong metals

We must have other strong materials besides wood to build certain things. Wood is important but stell is needed for larger structures, skyscrapers, and most military buldings. Buldings are not the only things that require metals aircraft, military materials mabey spacecraft.

2. factory materials

We dont have much easy acess to metal ores so it is hard for us to make factory materials. Factory materials are required to make sophistacated technologicaly advanced items in any serious quantity. But to have effective factories you must have good machines and materials.

3. oil and oil drilling materials

we have some natural oil in our country and the same situation applies to our need for drilling machines as factory machines. To effectivly access our natural resourcess we will need effective machines that we dont have. It is a big circular chart, we need steel to make machines, we need machines to get oil, we need oil to get energy, and we need energy to make metal. So we need to import some level of all of these things and then there will be a snowball effect where eventualy we could sustain our own needs if we can be effective enough with what we have and make a surplus.

4. agricultural materials

We have limmited farm land but what we have we want to be as effective as possible. As with oil and factory machines we will need to import them because of our lack of hard metals. Agercultural materials are extremely important to be effective enough to both grow food to sustain us and enough that we can export what we want so we can make money.

5. staple foods like corn and wheat

Our country frowns uppon cutting down the forest so we have limited ammounts of farm land. Also what we are growing for staples would not be the type of thing that we would use all on our selves we want to grow things that other countries couldnt so that other countries will be reliant on us and if we get into f war we willl have some one else backing us up.

5.) The capitol city of our country will be located in the middle of island. I chose this location because the capital city has all of our governmental buildings and it would be harder to destroy them. We need to protect our governmental buildings because those are the most important buildings we have. Our main buildings will be the International Trading Center, our Courthouse, and Capital Building, where we would have our legislatures make laws, Treasury, and City Hall. The reason we would have our International Trading Center in our capitol building is because our country deals with many other countries and nations and that is one of our biggest ways of making money and getting goods and services. The Courthouse is also a main building because we need a place where all legal cases and problems can be discussed and solved. The Capital Building is very important because it where our legislatures would make all of our laws. A Treasury is also significant because since we are our own country, we will need our own money, and ways to distribute it. City Hall is one of the most important because it is where all local governmental issues and things are held. The Capital Building will be in the middle, surrounded by the rest of the buildings, so it would form a circle. 6.) In a Traditional Economy the trade of goods is directly between the seller and buyer. This term is usually used in agricultural based communities. There is less of a demand for goods, because they are only produced if they will be consumed. This is one of the oldest economies, and isn’t used as often as the more modern economies.

A Market Economy is based on divisions of power. It uses a central government to distribute services with prices. Usually market economies aren’t pure; they have different degrees of government regulation rather than allowing self regulation. Decisions about the economy are made by private industry owners, based on their own personal opinion. Market Economies are often related with socialist countries.

In Command Economies, the states are the ones who direct the economy. The economy may have state-owned enterprises, private enterprises directed by the state, or both. Countries with this economy usually have the government control and regulate production, while there is also public ownership of industry. It is said that command economies have less of a chance of any overproduction issues.

A mixed economy includes a variety of private and government control. There is no one definition of a mixed economy, but roughly it involves a degree of private economic freedom mixed with a degree of government regulation of markets. The elements of a mixed economy are basically a variety of freedoms; such as to buy, to see, to hire, and to fire. Most forms of government are associated with a mixed economy.

<span style="color: #ff0000; font-family: 'Comic Sans MS',cursive; font-size: 130%;">The country of Duas Insulas has a mixed economy. We want to have a variety of opinions and ideas when it comes to making decisions on our nation’s economy. We want our people to have the ability to do some things they want. Such as in; selling and buying goods and a big thing is travel. We need to be able to have our superfluous amount of natural medicines export to other countries, to trade with them. We want to be able to communicate with other countries, so we don’t have any troubles with them. Yet, if we have troubles, we will be ready to attack if attacked by another country. <span style="color: #ff0000; font-family: 'Comic Sans MS',cursive; font-size: 130%;">With us having a mixed economy, we would be able to trade with other countries, for the resources our lad doesn’t naturally have. We also plan on taxing our citizens. This will make us more money, so we can trade more and build up a more stable economy.

<span style="color: #00ff00; font-family: 'Comic Sans MS',cursive; font-size: 130%;">7.) We are taxing a variety of things for different reasons. One thing we decided to tax is income. The United States taxes income as well but to a very large increase as the income increases. We tax income but everybody pays it who has an income and the slope of the progressive taxing is much less dramatic so as to make it fair for the hard working citizens who deserve that extra money. We are also taxing non-food sales. Some may ask, “Why non-food?” Our answer to this question is through another question? If someone can’t afford food, then why are we going to tax them and take away more of their money just because they needed to buy an essential product for their living?

<span style="color: #00ff00; font-family: 'Comic Sans MS',cursive; font-size: 130%;">We are going to tax alcohol and drugs heavily because if people want drugs and other harmful substances then they need to be willing to pay whatever they need to. I think we will be able to collect a lot from this because we decided to legalize all drugs therefore broadening our market of highly taxed items with a high demand. We are not going to tax property because if you already pay a large progressive tax on expensive items then why, if you already own it, do you owe part of it to the government? We also do not have an estate tax because that is just overstepping our bounds completely.

<span style="color: #00ff00; font-family: 'Comic Sans MS',cursive; font-size: 130%;">We are going to spend our “revenue” on the military, technological and sciences research, renewable energy and the environment, education, government incentives, unemployment, administrative pay, and care for defenseless people. We are spending a good portion of our budget, 30%, on the military because we are a very vulnerable little island and we need to have a good military for defense. We are going to stay neutral in all disputes. We are spending an average amount, 15%, on technological and sciences research because more information we discover, the more we have to market and the more of an edge we have over other countries. We are spending 15% on renewable energy and the environment because, as we depend so heavily on the health of our rainforest, we need to contribute to this world’s health and well-being.

<span style="color: #00ff00; font-family: 'Comic Sans MS',cursive; font-size: 130%;">We are going to spend 15% on the education of our citizens. We feel that this is extremely important because we are all about effectiveness. We have little land space to do anything with and we must utilize every square inch to its full potential and the more educated our citizens are, the more effective we can be. We are going to spend 10% on government incentives. These will be here for all farmers and certain jobholders. As other jobs are more prosperous, we need to convince people to farm and do other jobs like this so that we can continue with our plan for exports. We are devoting 5% to unemployment. However, to receive these benefits, you must submit an extensive application form explaining why you are out of work and can’t support yourself. We are devoting 5% to administrative pay and I believe that this explanation needs no further embellishment. Now here we are. Care for defenseless people was given 5%. This is not the same as unemployment. This is what we will use to help out citizens, like children, who are completely vulnerable. If a child is orphaned and has no way of really doing anything, they need only come to an establishment that knows of this program and we will get them fixed up nicely.

<span style="color: #ff0000; font-family: 'Comic Sans MS',cursive; font-size: 130%;">[|budget world sim 3.ppt] <span style="color: #00ff00; font-family: 'Comic Sans MS',cursive; font-size: 130%;">< Pie Chart Manifestation

<span style="color: #0000ff; font-family: 'Comic Sans MS',cursive; font-size: 130%;">8) Economic inequality generally refers to differences in wealth. Inequality generally refers to differences between groups and individuals, but can also refer to between nations. Much of the inequality comes from things like race, gender, religion, culture, education and personal preference, as well as other reasons. This occurs all over the world, and is actually becoming quite common. In fact, the current global inequality rate is higher than it's ever been in human history.

<span style="color: #0000ff; font-family: 'Comic Sans MS',cursive; font-size: 130%;">The factors of the inequality can come from bias of course. Prejudice is, unfortunately, quite common. Race, gender, religion, and all others are often subject to discrimination, therefore resulting in this. But, the inequality can also be created by the targets themselves. For example, those uneducated may have made the choice not to go to school. Also, in the past, women have generally put relationships before work.

<span style="color: #0000ff; font-family: 'Comic Sans MS',cursive; font-size: 130%;">If you look, you can see economic inequality pretty much anywhere. The countries react and handle things differently. It seems that the economic inequality is tolerated in many countries, while in others; changes are trying to be made. In certain countries, it even sparks violence.

<span style="color: #0000ff; font-family: 'Comic Sans MS',cursive; font-size: 130%;">In Duas Insulas, we’ll of course try to keep a good balance in the nation. It can’t really be completely equal, that is pretty near impossible. However, we will try to insure fairness, and make sure hard work isn’t ignored.

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