Week 7 Discussion 2

COLLAPSE

Write a 1,400- to 1,750-word paper in which you analyze the relationship between ethics and professional behavior in the administration of criminal justice.

• Explain the role of critical thinking with regard to the relationship of ethics and professional behavior.
• Include in your paper a proposal for a seminar in ethics training for law enforcement officers.
• In your proposal choose five areas of ethical conduct and that will be stressed in the seminar.
• Explain why you chose those areas and what the expected benefits of the training will be for both officers and the community.

Include at least four peer reviewed references

Format your paper according to APA guidelines.

*****All work must be original*****

Hello,

Here are the instructions for this assignment. Also, remember, I don’t need a cover page because it’s just a discussion post.

Watch the following video before completing this discussion activity.

Circular Flow Matrix – How the Economy Works – Econ 1.7 (YouTube – 4:56) (Links to an external site.)

Based on this module week’s summit session, what would you say is the role of firms in our macroeconomy? Do consumers indirectly and/or directly affect our macroeconomy? Discuss how microeconomics and macroeconomics affect the flow of money within the Circular Flow Model. Do you think firms could operate without households? Describe how these disciplines relate to the Circular Flow Model.

Locate a recent article or event (published within the last year) that highlights your relevant microeconomic/macroeconomic topics. Use the Hunt Library, newspapers, new stations, or other credible sources to discuss how your topic aligns with microeconomics. Include the following in your discussion:

• State the article or event you selected.
• Identify the microeconomic/macroeconomic concept(s).
• Describe your findings.
• Analyze the relevance to real-life applications.

Summarize your findings using at least 250 words and provide a minimum of one reference. Use current APA formatting to document your sources.

Question 1:

Scarcity is the starting point for studying economics. Resources are limited while human wants are unlimited. Prior to beginning work on this discussion, read Chelsea Follett’s article, Are Humans Prepared to Overcome Resource Scarcity in the Future? ,(POSTED BELOW) as well as Chapter 1 Section 1.2 in your textbook, and respond to the following:

• Explain what resources are.
• Evaluate why current resource scarcity is problematic.
• What future problems would result from scarce resources?
• Do you agree or disagree, and why, with Chelsea Follett about overcoming future resource scarcity?

Recommend how to overcome present and future resource scarcity.

Your initial post should be a minimum of 300 words.

Human civilization is very well equipped to overcome resource scarcity in the future, if we can correctly identify, preserve, and expand those policies and institutions that made overcoming resource scarcity possible in the past. Please read this answer to a previous question for a summary of the kinds of horrors that can occur when people mistakenly come to believe that the only solution to resource scarcity is to reduce the size of the population. History has shown that even as the population grows, humanity is perfectly capable of making resources more plentiful by using them more efficiently, increasing their supply and developing substitutes.

Population growth can certainly be a problem among nonhuman animals: population explosions among, for example, rabbits, can lead to an exhaustion of natural resources in their environment and eventually a population collapse. But human beings, unlike other animals, create wealth, engage in complex exchange and innovate their way out of scarcity. That was the great insight of economist Julian Simon.

Simon, in his 1981 book The Ultimate Resource, argued that the premise that “overpopulation” is a problem at all is incorrect. More people in the world means more people to solve problems, and less resource scarcity. As he wrote: “For all practical purposes there are no resources until we find them, identify their possible uses, and develop ways to obtain and process them. We perform these tasks with increasing skill as technology develops. Hence, scarcity diminishes.”

Human beings, with their inventive potential, are themselves, in Simon’s phrase, “The Ultimate Resource.” Each child born today eventually grows up to make resources less scarce, on average, by contributing to innovation and the global economy. Simon argued a growing population produces more ideas. More ideas lead to more innovations and more innovations can improve productivity. That higher productivity then translates into more resources to go around and better standards of living.

Of course, that only holds if people maintain the freedom to innovate and exchange. If that freedom is not present, then a return to scarcity is very possible. Just look to Venezuela to see how quickly prosperity can unravel and resources that were once plentiful can become scarce, when economic freedom is denied.

The future will undoubtedly bring new challenges related to resources. But there is no obvious reason why, given the right policies, growth cannot continue indefinitely—particularly as technology advances. Humanity may one day even gain access to resources beyond the Earth’s limits, such as by mining valuable minerals in asteroids.

Question 2

A change in quantity demanded (or a movement along the demand curve) is caused by a change in its own price while a change in demand (or a shift of the demand curve) is caused by a change in nonprice determinants that include changes in consumers’ income, taste or preference, price of other goods, expected future price, etcetera. Respond to the following:

• If Coke’s price increases, what will happen to the demand or quantity demanded for Pepsi, all other things being equal?
• Explain whether it is a movement along the demand curve or a shift of the demand curve.
• If Coca-Cola develops a new technology that makes Coke tastier, what will happen to the supply curve and demand curve for Coke?
• Is the demand (curve or schedule) for Coke or Pepsi seasonally different?

What is the relationship between Coke and Pepsi? Do they have the same demand curve or are they different? Explain your reasoning.

Your initial post should be a minimum of 300 words.

Answer the questions below in 300 words and add citing if needed:

With marketers increasingly adopting more and more refined market segmentation schemes – fueled by the Internet and other customization efforts – some claim mass marketing is dead. Others counter there will always be room for large brands employing marketing programs to target the mass market.

Take a position: Mass marketing is dead versus mass marketing is still a viable way to build a profitable brand.

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Reply to the following 2 posts in 100 words; nothing fancy, just make sure there is some sort of interaction.

1) After review I have come to the conclusion that mass marketing is not dead, it is quite alive and continuing to work well, but is it enough? Mass marketing is a strategy that business’ send an appeal to attract and retain customers for a profit. By doing so, it reaches a broader audience, through radio stations, television, as well as newspapers. Although this may not work for all, since I would think it would determine what your message or product is, as well as how large the business is, like Apple. In using Apple as an example they simply state that “if you want to get the most out of your service offerings, you have to make it available to as many consumers as possible” (Kitonyi, 2016). Marketing continues to change at a rapid pace; it continues to reinvent itself, but regardless of that, as long as you have brands that have a mass appeal then this type of marketing will continue to exist.

2) No, mass marketing is not dead. People will always need/want the things that are mass marketed such as, laundry detergent, deodorant, and iPhones. Yes, I know there are many things that can be found through a google search that can be made to order, personalized, and shipped for free. When everyone has the world wide web and Amazon at their fingertips it’s easy to ignore mass marketing. I read an article that said that many organizations are operating within a dead paradigm (Lee, 2014), which I completely disagree with. There are things that people will always want due to the newest mass marketing ad that is seen on TV and the black Friday Walmart ads where kids say “I want that” at everything they see. I own an Alexa, thanks to mass marketing and the funny commercials that captured my attention. Alexa is just one of the items I have purchased due to a commercial or ad I have seen, I can’t put a number on how much food I’ve ran out and bought just minutes after watching a commercial. Mass marketing isn’t dead, it just appeals to a different people.