Exports are good for the U.S. economy Essay Example | Topics and Well Written Essays - 250 words

Exports are good for the U.S. economy - Essay Example In 2010, exports employed approximately 10 million people. It is clear that export is a source of employment. Creation of employment reduces the dependency ratio. Most people get employed thus able to earn a living. To the government, the money that would have been used to feed the unemployed population is reduced and utilized in other sectors such as health care. It ensures a good health of workers (Brux, 298). Secondly, in the US, firms that export their products are motivated to improve the quality of their products by high-income levels. The companies expand and employ more workers. When these companies are motivated to produce more, the US government earns more in terms of taxes. The amount earned indirectly from the exports contributes to the government’s growth domestic product. The money will in turn boost the government’s economy (Palmer). According to the US statistics, jobs that are export-intensive pay well. Huge salaries have enabled individuals to live an extravagant life. On similar lines, the US government benefits from these huge taxes from these huge salaries. It is clear that the higher the individual’s income, the higher the amount of tax levied. The huge taxes collected contribute to the government revenue thus used in the development (McEachern, 523). The fact that the US is known to export quality goods and services, many people believe that it is due to high skilled labor force and nearness to the raw materials. For this reason, it has called for direct investors who propose on setting up firms in the US. The firms create employment for the jobless but skilled individuals. More so, it results in the development of infrastructure such as road. In addition, the government maximizes its revenue by taxing these foreign direct investors (Turco and Maggioni 4). In summary, all countries should appreciate the exporting processes. More so they should ensure that exports exceed imports for the country’s economy to

Lesson 2 Assignment Example | Topics and Well Written Essays - 750 words

Lesson 2 - Assignment Example the five dimensions are conscientiousness, openness, agreeableness, neuroticism and extraversion. The acronyms CANOE NEOAC, or OCEAN are used to refer to these traits. An aggregate of factors are found under each dimension. First, Openness is a trait which encompasses features such as insight and imagination. It also implies that individuals bearing it generally appreciate emotion, art, unusual ideas and adventure. On a broader spectrum, openness infers to the level of intellectual curiosity, preference or creativity that an individual has. Therefore, people having this trait tend to possess a wide range of interests. Second, Conscientiousness implies to the art of being dependable, organized, act dutifully, having goal directed characteristics with a superb impulse control. People with this trait have a tendency to be mindful of little details. Third, Neuroticism refers to the habit of experiencing unpleasant emotions such as anxiety, anger, vulnerability and anger. This implies that individuals who are high in this behavior/trait often experience sadness and emotional instability. Fourth, the primary attributes under agreeableness are altruism, affection, affection trust and a wider variety of prosoc ial behaviours. Fifth, The common features depicted by people having Extraversion as a trait include sociability, assertiveness and excitability. As such, individuals having this dimension express themselves emotionally. This personality test was designed to help individuals identify some vital personal preferences in how they make decisions or view the world.. The acronym MBTI represents the indicator. The MBTI assessment was developed by Isabel Myers and Katharine Cook. The model uses four dichotomies or preferences; extraversion/introversion, sensing/intuition, thinking/feeing and judging/perception. Under Extraversion/introversion, Myers acknowledged that each and every one of the cognitive functions can