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- All Subjects: Economics
- Creators: Department of Information Systems
- Status: Published
In the 21st century economy, life moves pretty fast, and change is happening all around us. For example, it was common to drive to shopping malls with your friends or family and spend the whole afternoon browsing through hundreds of items until you found the perfect purchase. Or, only a few months ago, the entire world was put on lockdown to stop the spread of COVID-19, which caused a recession when consumers stopped spending as much to start saving. Americans also used to enjoy their loud, gas-guzzling cars and trucks to get them from place to place. Now what changed, and why? The study of economics justifies how we, as human, fundamentally live and make choices every day. As we notice the results of our choices, we may continue to do the same the next day, temporarily go another route, or alter our behavior permanently. This framework presents the concept of innovation. By applying this logic to the business world, I will attempt to analyze and defend why the innovations of e-commerce, COVID-19 vaccines, and electric vehicles were the natural cause of society changing perspective to move forward toward a better tomorrow.
This thesis was conducted to study and analyze the fund allocation process adopted by different states in the United States to reduce the impact of the Covid-19 virus. Seven different states and their funding methodologies were compared against the case count within the state. The study also focused on development of a physical distancing index based on three significant attributes. This index was then compared to the expenditure and case counts to support decision making.
A regression model was developed to analyze and compare how different states case counts played out against the regression model and the risk index.
This paper analyzes the history and impact of the double-slit experiment on the world of physics. The experiment was initially created by Thomas Young in the early nineteenth century to prove that light behaved as a wave, and the experiment’s findings ended up being foundational to the classical wave theory of light. Decades later, the experiment was replicated once more with electrons instead of light and shockingly demonstrated that electrons possessed a dual nature of behavior in that they acted in some instances as particles and in others as waves. Despite numerous modifications and replications, the dual behavior of electrons has never been definitively explained. Numerous interpretations of quantum mechanics all offer their own explanations of the double-slit experiment’s results. Notably, the Copenhagen Interpretation states that an observer measuring a quantum system, such as the double-slit experiment, causes the electrons to behave classically (i.e. as a particle.) The Many Worlds Interpretation offers that multiple branching worlds come into existence to represent the physical occurrence of all probable outcomes of the double-slit experiment. In these and other interpretations, explanations of the double-slit experiment are key to proving their respective dogmas. The double-slit experiment has historically been very important to the worlds of both classical and quantum physics and is still being modified and replicated to this day. It is clear that it will continue to remain relevant even in the future of physics.
This paper uses March CPS data to decompose the Gini coefficient by source of income. The sources of income, divided by labor income, capital income, and public transfer income, include earnings; interest, dividends, and net rentals; public assistance and welfare; retirement funds; self-employment; farm or non incorporated self-employment; nonfarm self-employment; Social Security or railroad retirement; supplemental security; wages and salaries; and unearned sources. The decomposition yields the share of a source in total income, the source Gini corresponding to the distribution of income from a source, the Gini correlation of income from a source with the distribution of total income, and the impact of a marginal change in a source on overall income inequality. Labor income had the largest negative impact on income inequality (resulting from wages and salaries mostly), while capital income did worsen it but on a much smaller scale. Public transfers that favor bottom income groups helped to alleviate income inequality for both individuals and households.