Friday, January 31, 2020

Impact of Minimum Wage on Unemployement Essay Example for Free

Impact of Minimum Wage on Unemployement Essay â€Å"We cannot unambiguously conclude that a minimum wage increase will increase unemployment levels†. Discuss. The essay is outline as follows. Firstly, I would define some of the key terms. Secondly, I would outline the reasons for the statement. Lastly, I would provide the concluding remarks. Unemployment is when those members of the labour force who are willing and able to work cannot find a job. Minimum Wage In a perfectly competitive labour market, the equilibrium wage should be W1, where labour supply = labour demand. Wages are artificially altered when the price floor is imposed. An increase in the wage rate encourages the economically inactive to enter the labour market, causing an expansion in the supply of labour. The minimum wage raises the marginal cost of employing workers, thereby causing a contraction of labour demand. From an excess supply of labour, only the workers who are skilled will be employed. The least skilled, thus least productive will be priced out of the market leaving them involuntarily unemployed. The change in employment levels is the product of the elasticity of labour demand multiplied by the proportional rise in the wage. Any increase in the minimum wage will be passed on to consumer prices. If demand for the product is inelastic, the increased price will not effect consumption of the good to a great extent. So employment rates would remain relatively the same. The opposite effect would happen for elastic good. If labour costs make up a small proportion of total costs, then any increases in the wage rate would have little effect on employment, as total costs would have only increased by a small amount. Where labour and supply are both inelastic, employment costs are minimised. If they are both elastic, more jobs are lost. Although according to classical theories, the reason that minimum wage increase will increase unemployment levels is because minimum wage would increase the cost of labour, which lead to an increase in the cost of  production of the firm. Firms would have cut human resources (labour) in order for the firms to control their cost of production. As a result it would leads to a increase in unemployment rate. But in reality, it work differently. In fact the experience of the UK is that a 67% increase in the National Minimum Wages has reduced unemployment and increased employment. It would have lead to a strong Economic Growth. In period of economic growth, firms employ more workers as there is more demand to produce goods. Economic growth in the UK has averaged 2.5% since 1999 In addition, the power of Monoposony should not be ignore. Classical theory assumes that the labour markets are competitive, but in practice workers often face employers with buying power. This means firms are able to pay workers less than the market wage. Therefore, when a government artificially raises wages, firms can actually afford to pay them. It is argued minimum wage legislation is similar to anti trust regulation. Thus, it would lead to an increased productivity. A study by David Metcalf found that firms responded to increased wages by increasing the productivity of workers, especially in the service sector. This is important because it suggests that higher wages can actually help increase productivity in the economy. Firms would lower working hours in respond to the increase in the minimum wage. Rather than make workers redundant, firms have reduced the average hours worked. This is related to part 3, firms try to get higher productivity in a shorter time, so they can afford the minimum wage. Pass on Cost increases. Because the minimum wage affects all firms, it is easier for the cost increases to be passed onto consumers. e.g. because all cleaning firms have higher wage costs, they can all increase their prices. If the wage increase just affected one firm, they would become uncompetitive. Firms would also think of different problems to avoided of Minimum Wage. It  is uncertain to ascertain the extent of this problem, but some firms have circumvented the minimum wage legislation by employing immigrant labour and paying them lower wages. It also makes it more attractive to employ young workers. To conclude, although an increase in minimum wage in theory would lead to an increase in unemployment, but in practical, it would not much negative impact on the employment rate. Therefore, we cannot unambiguously conclude that a minimum wage increase will increase unemployment levels.

Thursday, January 23, 2020

Free Glass Menagerie Essays: Symbols :: The Glass Menagerie

Symbols in The Glass Menagerie In the play, The Glass Menagerie, by Tennessee Williams, Williams uses many symbols which represent many different things.   Many of the symbols used in the play try to symbolize some form of escape or difference between reality and illusion.   The first symbol, presented in the first scene, is the fire escape.   This represents the "bridge" between the illusory world of the Wingfields and the world of reality.   This "bridge" seems to be a one way excursion.   But the direction varies for each character.   For Tom, the fire escape is the way out of the world of Amanda and Laura and an entrance into a world of new dimensions.   For Laura, the fire escape is a way into her own world. A way to escape from reality.   Amanda perceives the fire escape as a way for gentlemen callers to enter their lives.   She is also trying to escape her own vacant life.   Our author, Tennessee Williams utilizes the fire escape as a literal exit from his own reality as well.   His wa y of escaping is through the play.   In Tom's opening speech, he says, "I give you truth in the pleasant disguise of illusion."   This quote refers to Williams' own life told through the play.   Everyone in the play seeks haven from their lives, attempting to escape into an imaginary fallacy world.   In "The Glass Menagerie," Williams' fire escape portrays each of the character's need to use the fire escape as a literal exit from their own reality.   Ã‚  Ã‚   The Glass Menagerie is set in the apartment of the Wingfield family.   By description, it is a cramped place located in the city of St. Louis.   It is one of many apartments in the neighborhood.   Of the Wingfield family members, none like living in the apartment.   The only reason that traps them in their submissive dwelling is poverty.   The concept of escaping their own lives and retreating into an illusion world has entered each of the character's minds.  Ã‚   Escaping from this lifestyle, this apartment, and these relationships is a significant theme throughout the play.   These escapes are linked with the symbolic "fire escape" as well as the absent Mr. Wingfield.   Ã‚  Ã‚   Mr. Wingfield left his family for a life on the road.   "He worked for the telephone company and fell in love with long distances."   This action left Tom with all of the responsibilities in the family including taking care of his half-mad, overbearing mother, Amanda and a disabled sister, Laura.

Tuesday, January 14, 2020

Peter Singer: The Golden Rule

World poverty is arguably at the forefront of issues plaguing our society as a whole today. I found an article displaying some of Peter Singers thought experiments that will further help display his beliefs. In his essay The Singer Solution to World Poverty, world-renowned author and philosopher Singer claims he has the solution. Singer asserts that materialism is the roadblock preventing the third world's climb from despair into prosperity.The author begins his essay by detailing two thought experiments; the first recounts a Brazilian film, â€Å"Central Station,† in which the main harasser, Dora, unknowingly causes a young boy to be sold into the organ trade. After some debates as to Odor's real motives, as well as further contemplation, Dora decides to rescue the boy (Singer).Singer applauds Odor's actions and notes that had Dora decided the boys fate was not her responsibility and kept the money she gained as a result of her part, the movie's audience would have demonic he r; conversely she maintains a positive light in the eyes of those watching the movie only by rescuing the boy. Singer further notes however, that most of those able to go see a movie, are in a better place than Dora herself, explaining how what she gave up to save the boy was of greater value than the audience could relate to (Singer).Singer then raises an ethical question: What is the difference between Dora selling the child into the organ trade, and the average American who chooses not to donate money to organizations that could benefit a child in similar situation of need? Singer acknowledges the situational differences of physically putting a child in that situation compared to mere inaction, yet, pointing out that he is a utilitarian philosopher; he claims the end results are the name (Singer). Singer's next thought experiment details a character named Bob who is close to retirement and owns a very valuable classic car.To sum things up Bob finds himself in a situation where a child is dangerously trapped on a train track. Bob is the only one around and the only way he can save the child is by diverting the train down a separate track, resulting in the destruction of the car. In the story, Bob chooses not to divert the coming train, the child is killed, and bob proceeds on in his life with the car, which brings him years of enjoyment and financial security (Singer). Singer argues that Bob's actions are clearly morally incorrect, and claims most would agree.However, Singer states that most readers who would quickly condemn Bob's actions are not much different. Singer cites calculations saying the $200 in donations, after all the deductions made by organizations and politics, would essentially save the life of an imperiled toddler in a third world country, or at least give them a significant chance at reaching adulthood (Singer). Singer next argues those who have money to spare and do not donate it, are effectively as morally wrong as Bob, who watched a hil l brutally die (Singer).Singer goes on to detail how much of the western world has massive wealth surpluses. He again cites research claiming the average American household spends close to forty percent, or twenty thousand dollars annually on superfluous spending. Singer marvels at how many children that small amount of money could save, and continues to detail that while a household income an increase, it's necessary spending proportionately does not, freeing up even more unneeded income. Through this logic Singer claims a household making $100,000 annually, could donate nearly $70,000.Singer wraps his argument up with a simple equation; all money being spent on luxuries and anything other than a necessity, should be given away. Furthermore, all money being spent on luxuries is indirectly resulting in the deaths of innocent youth, and those doing the spending, are morally responsible for avoidable deaths of impoverished children. Singer aims to demonstrate, that while Bob likely th ought he was quite unlucky to be put in such a situation, in fact he was not, and all of us with additional income are in the same boat.Clearly, Singer hopes to open the eyes of richer nations and invoke a sense of accessibility towards making their extraneous means count toward the world's well being, and arguably he does so. With the demonstrations of the detailed stories I explained earlier, Singer indeed executed his beliefs fairly well. Anyone with a conscious and decent moral compass can admit the life of another human being is worth saving, many would agree it would not hurt to give up western luxuries to do so.Singer makes it easy to see how the wealth of the western world could ago long way in restoring health and prosperity into some areas of the world which are very much in need. On the surface Singers conclusion: we ought to give a country in famine aid seems like it would work great. In the long run, Singer's plan will not be successful. Let's break down the logical com ponent of Singers argument. First off, Singer relies almost entirely on his consequentiality ethics this has some telling drawbacks.While the worldwide effect of such thinking is usually positive, since such ethics rely on cost/ benefit analysis, the hard conclusions are rarely so simple. A reoccurring problem with such thinking is the secondary, and tertiary effects are not usually factored in. Once we apply that critical template to Singer's thinking, some momentous issues emerge, namely, economics. If we as Americans were to take all our extraneous income, and simply donate it to countries in need, what would the end result be?The economic ramifications would gigantic, and while this may seem extreme, we could wind up in a simple role reversal, quickly finding ourselves in need. Again, this is extreme, but it effectively demonstrates the results. Our economy relies on extraneous spending, it is the only way it can sustain itself. Simply put there is no re- deeding effect from don ations, no recirculation of wealth, no more money to receive, and thus unnecessarily spend again. As a result, the supplemental income Singer refers to would quickly disappear.From a more cynical perspective, let's critique Singer's utilitarian views on a scarier level. A more chilling result from Singer's solution is population increase. As ‘immoral' as it may be, all of the children who do not live past there earlier years help keep the problem at bay. In reality if we were to embrace singer's solution, a quick result would be thousands of young impoverished children surviving into adulthood. A lightly slower result would be all of those impoverished children growing up, and raising impoverished families, effectively multiplying the problem.While as I said, this is cynical, it is also utilitarian. What is good for those impoverished children, is not necessarily good for society, and throwing all our extra income at them, isn't going to magically cure their situation. In actu ality though, my best argument for Singer's solution is a simple one. Think about it, how many impoverished children are in the age bracket (toddlers) that Singer refers to? One million? 100 million? At $200 per child, that large overestimation moms out to twenty billion dollars. Initially such statistics support Singers argument.The United States alone has a gross economy in the trillions, so shaving a little off the top should go a long way to help right? In reality world poverty is not a new problem, and I can think of several wealthy westerners, who collectively could easily write a check for that. And arguably have gone a long way in their attempts to do so. This argument speaks for itself; money is not the answer. While it definitely is one of the means necessary to help solve this problem, it is not the chief factor in fixing this issue. These people need societal and political reform. 200 per child is not going to halt genocide in Africa, or change the fact that certain soci eties in South America simply are not conducive to public health. All this goes to illustrate how much Singer chooses to leave out of his solution. Singer makes a solid argument, with huge social and financial implications, yet it is not without holes. The author, being both a scholar and a philosopher, has a smooth writing style, and it shows. He invokes Just the right amount of inquiry, logic, and writes with such an authority that it becomes easy to to question both his statistics and the evidence he either omitted, or did not realize.Due to this, Singer's argument itself is markedly effective, making it is easy to feel compelled from the points he makes, and the illustrations he uses. He invokes strong feelings of guilt, and assigns a social liability for the welfare of those less fortunate, but his support is ultimately less than pragmatic. While Singer's intentions are pure, and to such a degree are worth of some merit, simple logically analysis of much of his deductively supp orted report shows his solution is impractical. This is not to say

Monday, January 6, 2020

Literature Review on What Is Strategy - 1840 Words

Introduction: Strategy and management is one of the prominent and most discussed topic in the organization and business studies. Organizations today are challenged by many factors both internal and external and need to effectively address such, which makes only possible by the organization effective leader and their strategic view to overcome and take their company into profitable, competitive, innovative and change. Further, the shift of organization from being local onto global and so the factors of cross-cultural, internationalization cross-disciplinary knowledge of geo-economy, politics, business, market, volatile competition, wide range of customer, and other globalization factors brings further complexity and encounters, hence†¦show more content†¦This reflection of decision in the particular products, and the impact on the market place. An example of an apple company strategy-An apple organization â€Å"Steve job† vision of the strategic is that, making product differentiation, innovation and strategic position, and how to change the industry. According to the competitive Advantage written by Michael Porter in 1985 ‘Creating and sustaining superior performance is Generic strategies’. Generic strategies represent the varieties in strategic positions of a company. The concept of generic strategy is divided in three parts Product differentiation, cost Leadership and Focus. According to Porters company can have a focused or broad approach on product differentiation or cost leadership, in the given article Ikea and south west airlines are an example in this Ikea is based on the needs of customer group and south west airlines is based on offering a particular service variety in cost leadership, where as Neutrogena is based on product differentiation because, it is focused on sales its product distribution in drugstores and avoid price promotion. Where as Hambrick (1983a, p. 702) argue that It is simply not accurate to say that all generic strategies are equally possible within an industry . . . any broadly generic strategy is really a composite of numerous variations, not all of which are equally suited to a given situation. As author Michael E Porter (1996) in this article argues that;Show MoreRelatedHrd Audit Literature Review683 Words   |  3 PagesLiterature Review If you believe everything you read, better not read. 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Sunday, December 29, 2019

The Impact Of Maquiladoras On The World s Biggest Trade...

By: Sharry Bhatti 10-1 Social Studies Maquiladoras Maquiladoras are a manufacturing company which runs in Mexico. They manufacture and assemble goods and ship them. They started to be recognized in 1994 when NAFTA (North American Free Trade Agreement) was passed, NAFTA is an agreement signed by Canada, United States, and Mexico.Which is one of the world’s biggest trade zones right now. The maquiladoras are very popular because they are cheap in a way that they can assemble goods for a cheap price. You can save up to 75 %(http://www.madeinmexicoinc.com/faq/) if you import from the Maquiladoras. Maquiladoras can manufacture goods and ship them out for duty-free and tariff free goods. Large companies then take advantage of that by using the Mexican government s laws. how? Well they use Mexico’s â€Å"less strict environmental laws† (http://umich.edu/~snre492/Jones/maquiladora.htm) Which means that the companies can send in unprocessed material and can get it assembled by paying the workers less money. The first positive point is that the company can get the raw materials and make it into a final product, Which then is sold in other countries like U.S. After that the country that bought the goods pays import duties after the products are sold. Import duties are the tax and tariffs, countries border agencies collect. It is also a very good thing for Mexico because they make money out of this, the other country that wants the product will get it onShow MoreRelatedThe North American Free Trade Agreement Essay1818 Words   |  8 PagesThe North American Free Trade Agreement, also known as NAFTA, is a free trade agreement (FTA) ratified by the three North American countries; Canada, the United States, and Mexico. Although it came under heavy scrutiny, it was implemented on January 1, 1994. NAFTA eliminated tariff barriers and allowed for a virtually unrestrained flow of trade, services, and investments. Mexico has been the country which was thought to advance the most from the implemen tation of NAFTA, but has instead become evenRead MoreEu, Nafta, Asean12786 Words   |  52 Pagesthe Council | Herman Van Rompuy(EPP) |   -   | President of the Commission | Josà © Manuel Barroso(EPP) |   -   | Speaker of the Parliament | Martin Schulz  (Samp;D) |   -   | Presidency of the Council of the Union | Demetris Christofias(Cyprus) |   -   | High Representative of the Union for Foreign Affairs and Security Policy | Catherine Ashton  (Samp;D) | Legislature | Legislature of the EU |   -   | Upper house | Council of the EU |   -   | Lower house | European Parliament | Establishment | Read MoreFdi Introduction and History3364 Words   |  14 PagesCHAPTER 1 INTRODUCTION Over the past two decades, many countries around the world have experienced substantial growth in their economies, with even faster growth in international transactions, especially in the form of foreign direct investment (FDI). 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Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system

Saturday, December 21, 2019

Essay on Brain Cancer - 996 Words

The brain is made up of millions upon millions of cells. These cells are formed from before birth, up until about 7 years old. Once these brain cells stop dividing, they are never meant to divide again. You can see that the division of brain cells is under strict regulation and control. When this control is lost in a single cell, then it starts dividing in an uncontrolled manner. All of the data obtained through research on cancer shows that this disease is caused by a rapidly dividing cell, with no regulators to stop it from dividing. As the cell makes more and more copies of itself, it grows to form a tumor. This is known as cancer. When a tumor is developed on the brain, it is called a brain tumor or brain cancer. Brain tumors can be†¦show more content†¦Heredity also plays a role in the development of cancer. If a person’s relatives have a history of cancer, then that person has a higher risk of developing cancer. Genetic variations, particularly those influencing how the body responds to carcinogens, may create a greater vulnerability to cancer. Brain cancer is usually accompanied at first by headaches and seizures. Later symptoms could include nausea, vomiting, fever, change in pulse, and trouble breathing. Other mental changes may also occur such as difficulty in communication. Symptoms greatly depend on the location of the tumor. For example, if the tumor were located on the part of the brain controlling vision, then vision would be affected. Once a person has been diagnosed with brain cancer, treatment should begin immediately. Treatment for brain tumors involves any combination of surgery, radiation, and chemotherapy. Some tumors require several different surgical procedures; some can be treated with radiation alone. Surgery is the best process to remove a brain tumor. Surgery attempts to remove most, if not all of the tumor. Once most of the tumor is removed, the rest of the tumor can be removed through a process called radiotherapy. Radiotherapy, also called radiation therapy, is the treatment of cancer and other diseases with radiation. Radiotherapy is used when the entire primary tumor cannot be surgically removed. Radiotherapy deposits energyShow MoreRelatedBrain Cancer1755 Words   |  8 PagesDecember 2010 Brain Cancer in Children Brain Cancer is a common disease amongst children today. There is a lot of information concerning brain cancer, available to anyone who wishes to learn more of the disease. There are different types of brain tumors. As a matter of fact, there are over 100 types of brain tumors! Cancers of the brain are the result of abnormal growth of cells in the brain. They also can arise from organs that contain cancer cells which have spread to the brain by the bloodstreamRead MoreInternet: A Cancer to the Brain926 Words   |  4 PagesFor many years, the heated debate over the influence of electronic media on the brain has become a significant topic for educational enforcers, but now students should also be convinced to uncover the threats media have on the brain. Though electronic media is a convenient medium that emphasizes â€Å"efficiency†, it encourages students to recycle archives of informative materials instead of diving into the depths of language and discovering new approaches. In the opinion editorial, â€Å"Mind over Mass Media†Read MoreThe Case Of Brain Cancer Essay1788 Words   |  8 Pages One of the most basic ways to approach any situation is to research general information, basic facts, and a logical or scientific output given from a credible source. 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Another factorRead MoreBrain And Central Nervous System Cancers1895 Words   |  8 Pagesâ€Æ' Prà ©cis Brain and Central Nervous System Cancers By Elissah Granger In healthy individuals, cells grow, divide and die in a highly regulated fashion. When irreparable damage occurs to DNA this cycle is interrupted; resulting in apoptosis, programmed cell death, or uncontrolled cell growth, known as cancer. Cancer is the leading cause of death in Australia, accounting for about 3 in 10 deaths (Cancer Council, 2014). 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The Opponent’s Argument In this paper valid points will be presented to refute the statement made by Dr. Ronald Herberman, Director of the University of Pittsburgh Cancer Institute, to his faculty and staff on July 21, 2008. â€Å"Limit cell phone use because of the potential risk of cancer† (Reyes, 2009). Herberman based his claim on unpublished data and stated â€Å"it takes too long

Friday, December 13, 2019

Silence Silence a Thirteenth-Century French Romance Free Essays

The writer begins Silence by calling himself Master Heldris of Cornwall and saying his wish not to have his work spread among wealthy people who don’t know how to appreciate it. He refers to them as â€Å"the kind of people†, which clearly shows his negative attitude toward those who he describes as â€Å"prize money more than honor†, or â€Å"want to hear everything but do not care to make a man happy with some reward they might wish to give†. The phrase â€Å"at the beginning of the work†, or â€Å"before I begin to tell my story† are repeated three times throughout the opening: one at the start, one at the center, and one at the end right before the writer starts telling the story. We will write a custom essay sample on Silence: Silence: a Thirteenth-Century French Romance or any similar topic only for you Order Now This, together with strong words such as â€Å"command†, â€Å"request†, repeatedly reminds the readers of the writer’s demand to preserve his work and of his deep hatred toward greedy people. The writer’s strong feeling against avaricious men is expressed clearly: â€Å"I feel tremendously compelled, stung, goaded [into talking about this]†, and â€Å"It bothers me terribly†. Several different negative words and phrases are also used to depict those people throughout the text: â€Å"greedy†, â€Å"nasty†, â€Å"petty†, â€Å"fools†, â€Å"intoxicated with Avarice†, â€Å"those hateful men†. He tells problems relating to those people from the perspective of a poet: â€Å"serve them well, as if they were your father: then you will be most welcome, judge a fine minstrel, well-received†, or â€Å"very bad cheer and a sour face, that’s what you’ll always get from them† when you ask for something. The bitterness in each sentence and the clear descriptions shows that the writer seems to have experienced those problems himself. He disgusts greedy people and views them as pathetic creatures that have a dreadful life as they try to â€Å"pile up wealth† and â€Å"yet afraid of losing it†: â€Å"a man afraid is not at peace he is miserable and ill at ease. Wealth only makes a man mean-spirited and makes him toil without profit. All he does is soil himself† Greedy men â€Å"rob† world â€Å"of all pleasure†, and lost their trust in everyone, even their own wives: â€Å"he doesn’t want her spend any of it, â€Å"for one missing penny would mar the perfection of those thousands marks he lost sleep over†. The writer emphasizes that owning property does not make life easier nor brings one any â€Å"joy and festivity† if one do not know how to use and share it wisely: â€Å"lost sleep†, â€Å"ill†, â€Å"miserable†, â€Å"stingy†. Capitalizing Avarice, the writer refer to Avarice as a dangerous goddess who traps fools in her maze of wealth, let them honor her as â€Å"their sovereign lady and wet nurse†, but betrays them, leaves them â€Å"drunk† and â€Å"intoxicated† and â€Å"driven to disgrace themselves†. While hating those fools, the writer is seriously concerned and cry :†O greedy people, alas! las! †. He repeatedly refer to the â€Å"locked away† wealth as â€Å"disgrace†, â€Å"shame†, and even a dirty substance: â€Å"dung†. Comparing unused wealth and dung, he further devalues property: â€Å"at least dung enriches the soils†, while greedy men â€Å"abuse this earthy life† and â€Å"enclosed their courts with shame forever†. Dung is often referred to as dirty and worthless, yet it has a function that benefits the planet, while wealth, often related to luxuriousness and enjoyment, neither brings comfort to its owner nor influence the world positively at all. Several comparisons are also used near the end of the opening to address the same point: â€Å"assets are worth less than manure†: â€Å"just as wheat is worth more than weeds†, rose† more than daisy, goshawk more than falcon more than buzzard, good wine than stagnant water, bittern than magpie, and most of all â€Å" honest poverty is of greater worth than a thousand marks without joys and festivity†. The comparisons start from small plants to birds to the main subjects: honest poverty versus useless wealth. This proves that wealth and greed are inferior and shameful, while praises generosity as superior and honorable. At the end of the opening, after all the hatred has been expressed, the writer says he now can begin his story â€Å"without a lot of fuss and bother†. Since the overall theme of the story relate to property and the problems relating to the right to own it, it appears that the writer does not just simply tell us his feeling toward greed and wealth but his main goal is to prepare us with a basic background of the story. The transition from the opening to the story is thus smoother. The story begins with the description of King Evan as a wise king who â€Å"maintained peace in his land† and apply strict rules to control his people. What King Evan has is wealth, power and respect so obviously troubles are unavoidable. This obviously connects to the theme mentioned in the opening, therefore, readers can catch up with the story more easily. How to cite Silence: Silence: a Thirteenth-Century French Romance, Essay examples