What Happens at Transform Boundaries

Transform boundaries are areas where the Earths plates move past each other, rubbing along the edges. They are, however, much more complex than that. There are three types of plate boundaries or zones, each of which features a different type of plate interaction. Transform boundaries are one example. The others are  convergent  boundaries (where plates collide) and  divergent  boundaries (where plates split apart). Each of these three types of plate boundary has its own particular type of fault  (or crack) along which motion occurs. Transforms are  strike-slip  faults. There is no vertical movement—only horizontal. Convergent boundaries are thrust or reverse faults, and divergent boundaries are normal faults. As the plates slide across from each other, they neither create land nor destroy it. Because of this, they are sometimes referred to as conservative boundaries or margins. Their  relative movement can be described as either dextral (to the right) or  sinistral (to the left). Transform boundaries were first conceived of by Canadian geophysicist  John Tuzo Wilson in 1965. Initially skeptical of plate tectonics, Tuzo Wilson was also the first to propose the theory of hotspot   volcanoes. Seafloor Spreading Most transform boundaries consist of short faults on the seafloor occurring near mid-ocean ridges. As the plates split apart, they do so at differing speeds, creating space—anywhere from a few to several hundred miles—between  spreading margins. As the plates in this space continue to diverge, they do so in opposite directions. This lateral movement forms active transform boundaries. Between the spreading segments, the sides of the transform boundary rub together; but as soon as the seafloor spreads beyond the overlap, the two sides stop rubbing and travel abreast. The result is a split in the crust, called a fracture zone, that extends across the seafloor far beyond the small transform that created it. Transform boundaries connect to perpendicular divergent (and sometimes convergent) boundaries on both ends, giving the overall appearance of zig-zags or staircases. This configuration offsets energy from the whole process. Continental Transform Boundaries Continental transforms are more complex than their short oceanic counterparts. The forces affecting them include a degree of compression or extension across them, creating dynamics known as transpression and transtension. These extra forces are why coastal California, basically a transform tectonic regime, also has many mountainous welts and down-dropped valleys. The  San Andreas fault  of California is a prime example of a continental transform boundary; others are the North Anatolian fault of northern Turkey, the Alpine fault crossing New Zealand, the Dead Sea rift in the Middle East, the Queen Charlotte Islands fault off western Canada, and the  Magellanes-Fagnano fault system  of South America. Because of the thickness of the continental lithosphere and its variety of rocks, transform boundaries  on continents are not simple cracks but wide zones of deformation. The San Andreas fault itself is just one thread in a 100-kilometer skein of faults making up the San Andreas fault zone. The  dangerous Hayward fault  also takes up a share of the total transform motion, and the Walker Lane belt, far inland beyond the Sierra Nevada, takes up a small amount too. Transform Earthquakes Although they neither create nor destroy land, transform boundaries and strike-slip faults can create deep, shallow earthquakes. These are common at mid-ocean ridges, but they do not normally produce deadly tsunamis  because there is no vertical displacement of seafloor. When these earthquakes occur on land, on the other hand, they can cause large amounts of damage. Notable strike-slip quakes include the 1906 San Francisco,  2010 Haiti,  and 2012 Sumatra  earthquakes. The 2012 Sumatran quake was particularly powerful; its 8.6 magnitude was the largest ever recorded for a strike-slip fault.

The Necessity of Anti Bullying Laws - 1381 Words

Bullying can lead to many unwanted, harmful consequences for both the t victim and tbe perpetrator. There are many actions that are considered bullying as well as many different types of bullying, yet bullying laws already in place seem to be only consider specific types of bullying. If more thorough laws were put into place, instances of bullying would decrease to some degree. Therefore, the state or federal government should put bullying prevention laws into place. Bullying can take place in a variety of ways and is therefore difficult to find one exhaustive definition for. Susan Carter explains bullying as â€Å"a relationship problem involving repeated hostile actions that take place within a relationship characterized by a power†¦show more content†¦One of these groups is people with Autism Spectrum Disorders because of â€Å"their difficulties in making and maintain friendships† (Zablotsky 179). People should not have to endure because of a disability, their sexuality, their size, or any difference between them and others. It is cruel to bully someone for any reason, but especially because they are not like the majority of the world. Statistics from the Government Accountability Office show that â€Å"31.5% of students were called mean names and/or teased, †13.1% were called mean names because of their race or color,† â€Å"8.5% were called mean names because of their religion,† and â€Å"12.8% were p hysically hurt or locked indoors† (Garby 449). This means that out of every one hundred people that are bullied, twelve or thirteen people actually had something physical done to them. This may result in severe injuries for a fair number of people. If the state or federal government made anti-bullying laws, fewer people would have injuries as a result of bullying. According to Israel C. Kalman, Psychology fails to solve the problem of bullying. He believes that â€Å"anti-bullying laws create a new class of criminal† (80). Anti- bullying laws consider the bullies criminals. This seems harsh as a common reason that people bully others is that they are simply insecure with themselves. This insecurity may stem from bullying at home. Susan Carter notes thatShow MoreRelatedResearch Paper Bullying1634 Words   |  7 PagesStrategies to Prevent Bullying One in five children between the ages of ten and eighteen, have been bullied both inside and outside of school. Government officials, and school administrators, are taking strides to prevent the act of bullying. Laws and anti-bully programs are being passed all over the United States to stop the bullying epidemic. There are bullies all over, torturing children for things such as appearance, sexual orientation, race, personality and much more. 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May Want To Regulate Natural Monopolies †Myassignmemthelp.Com

Question: Explain On May Want To Regulate Natural Monopolies? Answer: Introduction In every economy, natural monopolies play a significant role. Primarily, a monopoly refers to a market in which when only one firm operates and dominates an entire industry (Beggs, 2016). On the other hand, a natural monopoly is a specific type of monopoly that arises when a single find firm dominates the market due to extremely high startup capital and fixed costs associated with Operations in the market. Mainly, natural monopolies exists where there are high fixed costs of production and distribution, thereby necessitating economies of scale. A perfect example of a natural monopoly is the electricity company. It is characterized by high costs of infrastructure in terms of grids and cables for electricity supply. Thus, the efficient number of firms in the industry is one. It is noteworthy that a natural monopoly market differs from a perfect competition in terms of competition, entry and exit requirements, and number of sellers. In a perfect competition, there is free entry and exit of firms while there are high barriers to entry in natural monopoly markets. There is also no form of competition in natural monopolies whereas there is high competition in perfect competition markets. Thus, the structure of natural monopolies provides room for consumer exploitation and governments may want to regulate monopolies to ensure that they produce high quality, fair priced goods at efficient levels. Analysis Reasons for Regulation High Monopoly Market Power One of the major reasons as to why the government may seek to regulate natural monopolies is due to their market structure. As such, the market structure of a natural monopoly necessitates that various measures must be initiated to control firms from exploiting their customers. In a nutshell, a natural monopoly operates as the sole producer of a given product (Arkani, 2010). The firm is also a price maker. Usually, firms limit the quantity they produce in order to push their prices upwards. Furthermore, the market is also characterized by high barriers to entry into the market caused by high capital requirements (Monopoly, n.d.). There are also high legal barriers in the market. For this reason, the firm has a high market power and influences the market. Therefore, the government may step in to limit the market power of natural monopolies to ensure that they do not exploit their customers. Control Price Level As noted earlier, natural monopolies do not face any form of competition in their market. Therefore, they possess a high market power, and are able to control the quantity of goods. In turn, they have the power to set their own prices. In most cases, natural monopolies abuse their market power and set high prices for their goods and services, higher than the price they would have charged if the firm operated in a competitive market structure (Welker, n.d.). For this reason, governments may want to regulate them in order to preserve consumer welfare. According to economic theory, monopolies set their prices at a point that maximizes their profits. Normally, firms manufacture goods at the point where their marginal costs of production equals the marginal revenue. However, they charge the price determined by the demand curve. For this reason, the price they charge is usually high than the marginal cost of production. Consequently, this allows them to obtain high profits at the disadvantage of their consumers welfare. Monopoly Pricing Technique From the graphs above, the MC curve intersects with MR curve at point a (Pettinger, 2012). However, instead of setting its price at this point, the firm locates the demand curve for the product, thereby setting its price from point b (Pettinger, 2012). At this pricing, the price is higher than the Average total costs incurred in the production of the good. Thus, the monopoly makes a profit equal to Pm-ATC (Pettinger, 2012). In contrast, a firm operating in a competitive market sets its prices at the point where the demand and supply curve intersect. Thus, unlike natural monopoly, the price is optimal and there is no deadweight loss associated with its pricing. Therefore, in this regard, the natural monopoly makes supernormal profits and reduces the welfare of consumers. Thus, the government may find it necessary to step in and regulate the pricing level. Enhance Firms Efficiency n addition, governments regulate natural monopolies in order to enhance their level of efficiency. It is worth noting that monopoly firms are associated with various forms of inefficiencies. As noted earlier, natural monopolies do not experience any form of competition. The weakened market forces guarantees that consumers lack other alternatives from which to purchase the product or service (Beggs, 2017). Thus, the firm does not worry about the possibilities of losing customers due to their poor quality goods or services. For this reason, they lack the incentive to improve their level of innovativeness to improve the quality of their commodities. Subsequently, it translates to wastefulness production of goods and services. Therefore, in this case, the government seeks to protect consumers against poor quality services and products by setting and regulating quality standards. Furthermore, natural monopolies also lead to inefficiencies as they reduce the level of producer and consumer surplus (Beggs, 2017). When compared to the competition market structure, the total surplus associated with the monopolistic firms is smaller. Mainly, this can attributed to the fact that monopolies tend to limit the quantity of goods and services they produce in order to influence prices to move upwards. Thus, a reduction in quantity and an increase in price of the product shrink the consumer as well as the producer surplus. In this regard, the management opts to regulate monopolies in order to raise the total surplus to the society. Methods for Regulation Given the reasons above, it is important for the government to regulate the conduct of natural monopolies within its economy. Mainly, regulation can take the form of price ceilings, average cost pricing, rate of return regulation and the formulation of regulatory bodies to oversee and control the conduct of monopolies within the country (Beggs, 2015). Fair Rate of Return Policies First, government may employ rate of return policies to control natural monopolies in the country. Primarily, this technique involves the government setting a particular percentage net profit that a company must not exceed. Usually, it takes into consideration the size of the firm and determines a reasonable level of profit from its initial capital. Therefore, in order to ensure compliance, a firm must ensure that its percent net profit is lower that the set threshold. Thus, the firms rate of return on the invested capital is kept below the maximum rate set by the policy. Consequently, this ensures that firms set their prices at a point that ensures its rate of return on initial investment is low. In turn, the prices are set at low levels to ensure compliance. It is noteworthy that this measure ensures that consumers of that given product are protected from increases in the price of that particular product. Price Caps and Ceilings Notably, this is one of the major forms of regulation that the government can put in place to regulate monopolies. In a nutshell, price ceilings pertain to the setting of a maximum price that a firm can charge for its goods and services (Beggs, 2015). It is strategy that states that a particular product cannot be sold for above a specified price (Beggs, 2015). Thus, firms cannot set a higher price than the one designated by the government. This way, the government is able to limit the prices charged by firms for their products, thereby protecting them from exploitation by natural monopolies. Price Ceiling Regulation Source: (Osborne, 1997). Suppose the government sets a price ceiling for the monopolys product at Pr. Under normal circumstances, the firm would set its price at the point Pm. However, due to the proposed ceiling, the firm is forced to reduce its price down to Pr (Osborne, 1997). Therefore, the government is able to spare consumers an amount equal to Pm-Pr through the price cap. Indeed, this form of regulation allows the government to regulate firms and improve consumer welfare. Government Regulatory Bodies The government may also use regulatory bodies to regulate natural monopolies in the economy. Fundamentally, these bodies are created to examine the quality of products produced by natural monopolies (The Conversation, 2012). The qualities of the products produced are compared to a set of quality standards to ensure that consumers purchase quality goods and services. In addition, these bodies regulate the price level of services and commodities manufactured by natural monopolies within the country. This way, they are able to limit firms from charging consumers exorbitant prices. Apart from assessing quality and controlling pricing levels, regulatory bodies also investigate cases when monopolies are suspected to practice predatory pricing and price fixations (The Conversation, 2012). In the event that a firm is found guilty, the regulatory body takes strict actions and measures against it. As a result, natural monopolies are discouraged from practicing hostile production and market practices (The Conversation, 2012). What is more, these mechanisms guarantee consumer protection and welfare. It also ensures an increase in the efficiency of firms. Average Cost Pricing Policies It is imperative to note that the government may also initiate policies that require natural monopolies to set their prices equal to their average cost of production. By and large, this policy involves setting its price level equal to or below the cost of manufacturing the product. In most cases, natural monopolies maximize their profits by setting price at the point where the marginal cost curve intersects with the demand curve for the product (Reed and LaFaive, 1997). As a result, firms make excessive profits at the expense of the consumer. However, when this policy is implemented, natural monopolies will be forced to trim their prices to equal the cost of production (Reed and LaFaive, 1997). The policy guarantees that the price charged by firms does not exploit their customers. Besides that, it ensures that firms operate at efficient levels to achieve profits. Marginal Cost Pricing Rules Just like average cost pricing rules, the government may use marginal cost rules to regulate natural monopolies. Basically, this policy requires that natural monopolies set their prices equal to the marginal cost incurred in producing their product (Reed and LaFaive, 1997). In turn, it ensures that monopolies do not charge excessive prices for their commodities. In addition, it guarantees that monopolies do not make surplus profit at the disadvantage of the consumer. Example of Regulation of Monopolies in Australia In Australia, the government has set various bodies to act as a watchdog and control the conduct of natural monopolies within the economy. The Energy Regulatory Commission (ERA), for instance, has the mandate to oversee and regulate the price of electricity in the country. As a result, the price of electricity in the country remains affordable to the people of Australia. Conclusion Therefore, everything taken into consideration, it is important for the government to set up measures that ensure the regulation of monopolies in the country. By and large, natural monopolies operate as the sole producer of a particular good or service. As a result, they face no form of competition in the market of their goods and services. This creates a platform for monopolies to exploit their customers through offering poor quality products or high prices. They also lack the incentive to operate under efficient conditions. For this reason, the government is tasked with the responsibility of regulating natural monopolies to ensure they offer fair prices, produce quality goods and services, and operate under efficient conditions. In order to achieve these goals, the government may set up various measures and mechanisms among them average cost pricing measures, rate of return policies, price ceilings, and monopoly regulatory bodies. Consequently, the successful implementation of thes e measures will ensure that the government controls the pricing, quality and efficiency of natural monopolies in the country. References Arkani, G. (2010). Monopoly marketing structure- meaning, features and types. Kaylan City Life. Retrieved on 28 Aug 2017, from https://kalyan-city.blogspot.co.ke/2010/11/monopoly-market-structure-meaning.html Beggs, J. (2015). Natural monopoly. ThoughtCo. Retrieved on 28 Aug 2017, from https://www.thoughtco.com/natural-monopoly-overview-1147782 Beggs, J. (2016). What Is a Monopoly?. ThoughtCo. Retrieved on 28 Aug 2017, from https://www.thoughtco.com/what-is-a-monopoly-1147778 Beggs, J. (2016). What You Need to Know About Monopolies and Monopoly Power. ThoughtCo. Retrieved on 28 Aug 2017, from https://www.thoughtco.com/overview-of-monopolies-1146257 Beggs, J. (2017). The Economic Inefficiency of Monopoly. ThoughtCo. Retrieved on 28 Aug 2017, from https://www.thoughtco.com/the-economic-inefficiency-of-monopoly-1147784 Deregulation is crucial for lowering Australias electricity costs (2012). The Conversation. Retrieved on 28 Aug 2017, from https://theconversation.com/deregulation-is-crucial-for-lowering-australias-electricity-costs-10625 Monopoly (2012). Economics Online. Retrieved on 28 Aug 2017, from https://www.economicsonline.co.uk/Business_economics/Monopoly.html Natural monopolies are conducive to industries where the largest supplier derives cost advantages and must be regulated to minimize risks. Boundless. Retrieved on 28 Aug 2017, from https://www.boundless.com/economics/textbooks/boundless-economics-textbook/monopoly-11/monopoly-in-public-policy-74/regulation-of-natural-monopoly-279-12376/ Orsborne, J. M. (1997). Policies to control a monopoly. University of Toronto. Retrieved on 28 Aug 2017, from https://www.economics.utoronto.ca/osborne/2x3/tutorial/MONCON.HTM Pettinger, T. (2012). Natural Monopoly. Economics Help. Retrieved on 28 Aug 2017, from https://www.economicshelp.org/blog/glossary/natural-monopoly/ Pettinger, T. Regulation of monopoly.Economics Help. Retrieved on 28 Aug 2017, from https://www.economicshelp.org/microessays/markets/regulation-monopoly/ Reed, L. and LaiFaive, M. (1997). Natural Monopoly and the need for Government Regulation. Economics Classroom. Retrieved on 28 Aug 2017, from https://econclassroom.com/?p=3115 Welker, J. Natural Monopoly and the need for Government Regulation. Economics Classroom. Retrieved on 28 Aug 2017, from https://econclassroom.com/?p=3115