Microeconomics, Macroeconomics, And Macroeconomics

Abstract Economics is made up of two smaller categories microeconomics, and macroeconomics. Microeconomics is more of a smaller scale such as an industry while macroeconomics is on a more national level. It is important to study economics even if you are not a business owner. For example, understanding economics and the market, you could better determine when to buy a house or when to start up a business. In a YouTube video titled â€Å"AP Econ Music Video Microeconomics SPHA†, a group of teenagers worked on a music video summarizing major concepts of economics. In that video, there are a lot of key factors such as supply, demand, monopolies, elasticity, and costs that are beneficial to both producers and consumers. Intro to†¦show more content†¦Ã¢â‚¬Å"A shift in a demand or supply curve occurs when a good s quantity demanded or supplied changes even though price remains the same† (Heakal, 2015), moving the line left or right. There are many different determinates that can effect a shift. If there is a shift in the demand curve, then it Intro to Economics 4 may be caused by â€Å"preferences, new information, fear, hope governmental interference† (O sullivan, Shefferin, Perez, 2014). Factors that could cause a supply shift are â€Å"war, natural disasters, governmental interferences, and shortages of inputs† (O sullivan, Shefferin, Perez, 2014). Back in August of 2005 hurricane Katrina caused one hundred billion dollars in damage. Understanding shifts in supply and demand is important to know because you must know what may cause a change in the demand and supply. However, sometimes the equilibrium is not at the point where the supply and demand curves intersect. When this happens two things may happen, a market shortage, or a market surplus. A market surplus is an excess in supply, in other words the â€Å"quantity supplied exceeds the quantity demanded† (O sullivan, Shefferin, Perez, 2014). In contrast, a market shortage may also occur. This is the exact opposite of a market surplus where there is an excess in demand. This can be important to understand because these can drastically effect the quantity or price. Elasticity is another vital term that everyone should know. Elasticity can help aShow MoreRelatedMicroeconomics And Macroeconomics Of Microeconomics1565 Words   |  7 Pagesis the broader term, however within this, there are additional fields such as microeconomics and macroeconomics. The difference between microeconomics and macroeconomics is analogous to the human body and the individual cell that makes up the human body. Macroeconomics is involved with the wide lens aspect of society. In other words, macroeconomics focuses on the broader large scale economy of a society. Macroeconomics focuses on larger economic issues such as national employment rates, gross domesticRead MoreMicroeconomics And Macroeconomics Of Microeconomics Essay729 Words   |  3 Pagesof human decision in the midst of scarcity, contains the related studies of microeconomics and macroeconomics. These two studies focus on economics from differing scales, with microeconomics primarily concerned with the way individuals and commercial entities handle scarcity and macroeconomics concerned with the overall effect on nations and large economies. While both are related there are key differences. Microeconomics, or the study of how individuals agents in an economy make decisions in relationRead MoreThe Questions Macroeconomics / Microeconomics1458 Words   |  6 PagesPrinciples of Macroeconomics / Microeconomics Your Name:___Yurui Yao_____________________ Instructor: Jim Borer, MBA Homework Assignment #3 due by 11:59 PM on February 7 (100 points) Part 1: Answer the following multiple choice (MC) questions (you may highlight, bold, or enter a letter in the blank – 2 points each): 1. __D____ If the price of a sub sandwich increases by 2% and the quantity demanded falls by 5%, then there will be a. an increase in the price elasticity of demand. b. an increaseRead MoreThe Theory Of Macroeconomics And Microeconomics1634 Words   |  7 Pagesâ€Å"pulled-off† (in an epithetical fashion) by corporations and how primordial edicts of macroeconomics and microeconomics should be conformed to. Firstly, what is economics? In the words of highly-acclaimed American economists, Steven D. Levitt Stephen J. Dubner-â€Å"Economics is, at root, the study of incentives, how people get what they want or need, especially when other people want of need the same thing†. Macroeconomics is a division of economics subsidizing on the structure and abnascentia of economicsRead MoreMicroeconomics : Principles Of Macroeconomics Essay1385 Words   |  6 PagesMacroeconomics 201 Principles of Macroeconomics Term Paper By Mitchell Wright I decided to write my paper on the economy America during the 1970s. I chose this time period because it seemed to really be a major shifting point in the country. Not only did the economy change drastically with a major recession, exports falling and interests rates sky rocketing, but it also changed the way Americans lived their lives. The oil crisis in the Middle East caused major gasoline shortages forcing AmericansRead MoreMicroeconomics Versus Macroeconomics Bus6101627 Words   |  7 PagesMicroeconomics versus Macroeconomics Economics for the Global Manager BUS610-1101C-02 Abstract I want to thank everyone for joining me today to review the effects of microeconomics and macroeconomics in conjunction with the healthcare industry. We will start with a brief introduction of what we will review, and then briefly hit on the subject matter in a bit more detail. â€Å"The world’s largest and most diverse economy currently faces the most severe economic challenges in a generation orRead MoreManagerial Economics : Microeconomics And Macroeconomics Essay838 Words   |  4 PagesThe purpose of the individual assignment is to read each chapter and then summarize the chapter. The first chapter summarized is chapter one. Managerial Economics uses microeconomics and macroeconomics principals to manage businesses. This analytical approach gives a logical aspect to management. Hopefully with a logical approach using economic theories this will enable managers to maximize managerial decision to increase profits. There are seven forces that can affect long-r un profitabilityRead MoreMicroeconomics/Macroeconomics Chapter 1 Questions and Answers5717 Words   |  23 Pagesrational decision maker changes the status quo if the expected marginal benefit is greater than the expected marginal cost. Use PowerPoint slides 20-21 for the following section Microeconomics and Macroeconomics †¢ Microeconomics: The study of individual economic choices (e.g., your economic behavior). †¢ Macroeconomics: The study of the performance of the economy as a whole, as measured, for example, by total production and employment. †¢ Economic fluctuations: The rise and fall of economic activityRead MoreSupply And Demand Concepts : Critical And Macroeconomics And Microeconomics Settings924 Words   |  4 Pagesand demand concepts are critical to the macroeconomic and microeconomics settings. This week’s assignment discusses a functional apartment management company in the city of Atlantis, which is dealing with factors of economic issues. When in perspective, the microeconomics concepts can be categorized by changes in the supply, demand and equilibrium. This is because all of these topics affect a small market in which the company operates. Normally, microeconomics applies to individual markets in whichRead MoreThe Analysis Of Savings Attitude Will Be Discussed From Two Approaches Macroeconomic And Microeconomic Essay928 Words   |  4 PagesThis section discusses some theories and models that highlights on savings. The analysis of savings attitude will be discussed from two approaches: macroec onomic and microeconomic (household) perspectives. The macroeconomic methodology concerns itself with the influence of economic indicators such as GDP growth rate, rate of inflation, money supply, interest rate, etc., on the saving rate in an economy. At the micro level, individual saving and consumption attitudes, particularly households, have

World War 1 Peace Conference - 1094 Words

Modern History Account for the different goals of the Big Three Allied leaders at the Paris Peace Conference The Paris Peace Conference took place in 1919 to set the peace terms for the defeated Central powers. Three men took charge called ‘The Big Three’ and they were President Woodrow Wilson of the United States, Prime Minister David Lloyd George of Great Britain and George Clemenceau of France. The Conference was initially planned as a pre-meeting to set the terms of what they were going to ask from Germany, but the pre-meeting quickly became the meeting where the decisions were made because they each had different ideas about what the terms of the treaty should be. â€Å"The Big Three† During the Paris peace conference†¦show more content†¦Poland to become an independent State with access to the sea - An independent Polish state should arise which should include the territories inhabited by indisputably Polish population, which should be assured a free and secure access to the sea 14. League of Nations to be set up – a general association of nations to be formed up for the purpose of affording mutual guarantees of political independence to small states Many people in Britain and France disagreed with his fourteen point plan. Wilson also created the League of Nations which was an intergovernmental organization. It was an organization whose principal mission was to maintain world peace and that war never broke out again. Wilson demanded a fair treaty that created a League of Nations and allowed for self-determination of all minor states. Treaty of Versailles The meeting of the Treaty of Versailles The Treaty of Versailles was one of the peace treaties at the end of World War 1. It took 6 months of negotiations at the Paris Peace Conference to conclude the peace Treaty which Germany had to accept or they will be invaded by the allies. Germany had to: * Return Alsace-Lorraine to France * Give Eupen and Malmedy to Belgium * Give up Sheleswig to Denmark * Give Danzig up to make it a free international city * Give WestShow MoreRelatedTreaty of Versailles was the End of World War I1731 Words   |  7 PagesAt the end of World War 1, all of the parties involved wanted to know what the terms of peace entailed for their country. To determine these details, the Paris Peace Conference, also known as the Versailles Peace Conference, was held in Versailles. The conference began in January 1919 and lasted until June 28 when the Treaty of Versailles was signed. Hundreds of allies and countries that fought in World War I were at the Paris Peace Conference to discuss the outcome of the war, although countriesRead MoreWorld War I And The Atomic Bomb1742 Words   |  7 PagesMAIN PARAGRAPHS 1. Introduction/briefly what it is 2. Exactly what it is (explain end of World War 2) 3. Reparations of Germany 4. Tensions with Soviet Union that led to cold war 5. Surrendering of Japan/ atomic bomb 6. Conclusion / overview of impacts PARAGRAPH 2- EXPLAIN WHAT IT WAS (WHAT IS THE POTSDAM CONFERENCE/HOW DOES IT RELATE TO WORLD WAR 2/WHAT WERE its GOALS) †¢ World war 2 left Europe in ruins (6) †¢ Allied powers defeated axis powers (6) o Allied- United States, Great Britain, SovietRead MoreDBQ 191065 Words   |  5 Pages In 1939 the world was plunged into World War II because of the Munich Agreement. The Munich Agreement was an agreement regarding the Sudetenland Crisis between the major powers of Europe after a conference held in Munich in Germany in 1938. The Sudetenland was an important region of Czechoslovakia. The Treaty of Versailles was the peace treaty created as a result of six months of negotiations at the Paris Peace Conference of 1919, which put an official end to World War I between the AlliesRead MoreThe World s Understanding Of Human Rights990 Words   |  4 Pagesthat occurred in World War I and II that change the world’s understanding of human rights. I think the events that happened in the World War II is what made the world understand what human rights is. The world war started because of assassination of Archduke of Austria Hungary. Then the actual war started because Austria Hungary declared war on Serbia. The first world war I caused such a disaster such as failure of economic, failure of political and poverty. The Second World War II was worse thanRead MoreThe Ever Increasing Urgancy for World Peace1421 Words   |  6 Pagesviolent times in recorded history. There were over 98 million war related deaths, which is about six times the combined deaths of both the eighteenth and nineteenth centuries. Orwell conveys each of these killings as â€Å"one mind less, one world less.† World peace would be an important goal to work towards. Many wanted to achieve world peace, however, there were many different visions for how this could be accomplished. Despite the many anti-war actions that occurred during the previous centuries, the twentiethRead MoreThe Paris Peace Conference Of 19191202 Words   |  5 PagesOwen McManus Mrs. Shandera, Mrs. Swartz English 11 Pd.8, AP History Pd.1 10 February 2017 Creating More Problems The Paris Peace Conference of 1919 opened on the 18th of January, with delegations from all over the world attending to lay claim to their desires, or gain reparations for their sacrifices throughout the greatest war the world had ever been subject to. The big four countries at the negotiating table were the British under Lloyd George, the French led by Georges Clemenceau, The ItaliansRead MoreWorld War I And The Treaty Of Versailles1604 Words   |  7 PagesHave you ever wondered why World War II happened despite World War I being the war to end all wars? World War I lasted four years and was very gruesome. Much of the Western Front was destroyed and about 10 million people died. Germany ended the war by ceasing fire and making an armistice on November 11, 1918. The Allied Power had successfully defeated the Central Powers and America had accomplished their goal to end the war. After the surrender from Germany, the Allied Power met up to make a treatyRead MoreComments of the Germa n Delegation to the Paris Peace Conference 1919709 Words   |  3 Pagesthe Paris Peace Conference 1919 1. According to the authors of Germany’s complaint. The various provisions of the treaty hurt Germany’s economy by forcing Germany to accept full responsibility for the damages caused not only by the Germans but also by everyone associated with them and the damage that was caused. As stated in the article, Comments of the German Delegation to the Paris Peace Conference, 1919 President Wilson recognized in his speech of 1916 â€Å"no single fact caused the war, but thatRead MoreWoodrow Wilsons Fourteen Points on the Paris Peace Settlement931 Words   |  4 Pages1. Assess the impact of Woodrow Wilson’s fourteen points on the Paris Peace Settlement and determine whether Wilson was successful in his goals. The Paris of Peace conference was held on January 1919 in Versailles just right outside of Paris. Paris of Peace conference was called to establish reasonable terms to make peace with the countries after World War I. In that conference there was almost thirty nations that were participates. The â€Å"Big Four† were there as well, the big four consisted of GreatRead MoreThe Paris Peace Conference and Versailles Treaty Essay1565 Words   |  7 PagesFailure At the end of World War I (WWI), as with most wars, it was necessary to hold a peace conference and due to the number of countries involved in the war, this task was extremely imposing. The desired conclusion of this conference was world peace, but with approximately 75% of the world nations represented and each country having it’s own agenda, the search for peace was elusive because of a desire for vengeance. This vengeance may have set the stage for World War II. On January 12th, 1919

Compare How the Poets Express Their Perspective free essay sample

By the sun being personified as kind and old it creates an image in the readers mind of someone who will help their friend and they imagine that the sun will help bring their comrade back from near death. However, by the sun being personified as old it can suggest to the reader that the sun cannot help their friend, as older people are often unable to help others because they have to look after themselves. In front of this background the act of war and killing seems ridiculous. Mametz Wood also includes personification, and Sheers uses it to personify the Earth as a watchful guardian now the Earth stands sentinel. However, sentinel could also mean that the Earth is watching the human race to see if we are going to do more damage to it. Juxtaposition is used in Mametz Wood to show how disturbed Owen Sheers was. The socketed heads tilted back at an angle suggests that the soldiers could be laughing as their heads we tilted back, although it can show the violent death of the soldiers by their necks being broken, which causes them to die. We will write a custom essay sample on Compare How the Poets Express Their Perspective or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This shows the disturbance that has been created in Owen Sheers’ mind, and therefore it makes the reader to feel disturbed as well. Futility uses an oxymoron, woke once the clays of a cold star, to show Owens perspective that conflict is futile. Cold star is relating to the Earth however, a star is a ball of hot rock and therefore it cannot be cold. By using the oxymoron, Owen is saying the sun once woke up the Earth, so the sun can wake up his comrade. Mametz Wood shows another of Sheers’ perspective on conflict which is how he thinks war/conflict is futile and brutal. It is clear from the first stanza through the connotations of words that by calling the soldiers the wasted young Sheers thinks war is futile as he describes the dead soldiers as wasted. The use of wasted shows how Sheers thought the soldiers were innocent people whose lives were wasted by fighting in war. The connotations of certain words in â€Å"Futility† also show how Owen perceives conflict as pointless. The words sun connotes warmth and life, and is the center of the poem as the sun wakes up the Earth; however it is not waking up the injured comrade. In the last stanza, the word sleep is contrasted with words that mean wake such as woke. The connotations of words are important because they show how Owen thinks that war is pointless. The poet’s perspectives can be shown through structure and the use of the title. The title of Futility adds to Wilfred Owens perspective of conflict as Futility means pointless, so Owen is showing how he thinks war is pointless and worthless. The title of â€Å"Mametz Wood† is considered to be ironic because the â€Å"wood† is where all of the dead soldiers have been buried, so in a way the â€Å"wood† is a mass grave. Owen Sheers begins Mametz Wood off in the past tense which shows how the horror is still present in the lives of the people, and it also forces the reader to acknowledge what the discovery of the bones means. I think this shows how the past events are still being made aware of the present. â€Å"Futility opens with an instruction move him into the sun- and it is in the present tense, making the poem relevant and immediate. In the last stanza of Futility, the poem ends with a series of rhetorical questions full nerved, still warm, too hard to stir? Was it for this the clay grew tall? which shows that Owen was challenging the whole concept of war and is questioning himself. By questioning himself, Wilfred Owen impacts the reader by making them think about the answers to the questions asked. Rhetorical questions express how Owen perceives conflict as pointless. Punctuation in both poems is used to draw the readers attention to a certain point the poets are trying to make. Hyphens are used in both Futility and Mametz Wood to signal a pause for the readers to think. Mametz Wood uses a hyphen in the line for years afterwards the farmers found them - to let the reader pause and question who them refers to which expresses how Sheers perceives conflict as brutal, because it is clear that many young soldiers died fighting. In â€Å"Futility†, hyphens are also used to let the reader pause and think about what message Owen was trying convey, and they were used on the first line of both stanzas â€Å"move him into the sun -† and â€Å"think how it wakes the seeds –â€Å". Owen uses half rhymes through Futility which give a disconcerting tone to the poem, sun/sown and once/France show this. The use of the half rhymes shows how Owen expresses his perspective that conflict is wrong. Mametz Wood only has two cases of rhyme, the rhyming of gun and run in the third stanza, and in the last stanza sung and tongues. The only two uses of rhyme could suggest that Sheers has had an epiphany at that moment in time. Through this, the reader discovers Sheers perception of conflict which is how he felt disturbed. In conclusion, both poems clearly express the perspective of the poets through lots of different techniques. I personally believe that Futility is more successful in expressing how Owen perceives conflict as futile, however, Mametz Wood creates powerful images that display the brutality of conflict and how Sheers views conflict as brutal.

Water On The Moon Essay Research Paper free essay sample

Water On The Moon Essay, Research Paper Abstract The Pentagon announced on December 3rd, 1996 that dataacquired by the Clementine ballistic capsule indicates that thereis ice in the underside of a crater on the Moon. Located onthe Moon # 8217 ; s South Pole it was discovered with radio detection and ranging informations. Introduction # 8220 ; The Deep Space Program Science Experiment ( DSPSE ) , thefirst of a series of Clementine engineering demonstrationsjointly sponsored by the Ballistic Missile DefenseOrganization ( BMDO ) and the National Aeronautics and SpaceAdministration ( NASA ) , launched in early 1994. It # 8217 ; sprinciple aim is to infinite measure up lightweight imagingsensors and constituent engineerings for the following generationof Department of Defense ( DoD ) spacecraft. # 8221 ; ( Sweeney, 1998 ) The Clementine mission uses the Moon, a neat-Earth asteroid, and the ballistic capsule # 8217 ; s Interstage Adapter ( ISA ) as marks todemonstrate lightweight constituent and detector public presentation . As a secondary mission, Clementine returns valuable informations ofinterest to the international civilian scientific sector. It represents a new category of little, low cost, and highlycapable ballistic capsule that to the full embrace emerging lightweighttechnologies to enable a series of long continuance deep spacemissions. We will write a custom essay sample on Water On The Moon Essay Research Paper or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Background: The Clementine Spacecraft: The BDMO assignedresponsibility for the Clementine ballistic capsule design, industry, integrating, and mission executing to the NavalResearch Laboratory ( NRL ) . Clementine launched on a TitanIIG expendable launch vehicle from Vandenburg Air Force Baseinto Low Earth Orbit in January 1994. During its two monthorbit of the Moon it captured 1.8 million images of theMoons surface. The Lunar Prospector: After the find of thepossibility of H2O on the Moon, plans such as NASA andDSPSE began work on an extended undertaking called the LunarProspector. The Lunar Prospector is designed for low polarorbit probe of the Moon, including mapping ofsurface composing and possible polar ice sedimentations, measurings of magnetic and gravitation Fieldss, and survey oflunar outgassing events. Datas from the 1 to 3 twelvemonth missionwill allow building of a elaborate map of the surfacecomposition of the Moon, and will better our understandingof the beginning, dev elopment, current province, and resources ofthe Moon. The ballistic capsule is a graphite-epoxy membranophone, 1.4meters in diameter and 1.22 metres high with three radialinstrument roars. There is no on-board computing machine, groundcommand is through a 3.6 kbps ( kilo bytes per second ) telemetry nexus. Entire mission cost is about $ 63 million. After launch, the Lunar Prospector had a 105 sail to theMoon, followed by interpolation into a near-circular 100 kmaltitude lunar polar orbit with a period of 118 proceedingss. The nominal mission continuance is one twelvemonth. A two yearextended mission following this is possible, during whichthe orbit will be lowered to 50km and so 10km height toobtain higher declaration measurings. On March 5th, 1998: On March 5th, 1998, it was announced that informations returnedby the Lunar Prospector ballistic capsule indicated that H2O iceis nowadays at both north and south lunar poles, in agreementwith Clementine consequences for the south pole r eported inNovember 1996. The ice originally appeared to be assorted inwith the lunar regolith ( surface stones, dirt and dust ) atlow concentrations cautiously estimated at 0.3 to 1percent. The ice was thought to be spread over 10,000 to50,000 square kilometres of country near the north pole and5,000 to 20,000 square kilometres around the south pole, butthe latest consequences show the H2O may be concentrated inlocalized countries instead than being spread out over theselarge parts. The estimated entire volume of ice is 6trillion kilogram. Uncertainties in the theoretical accounts mean this estimatecould be off well. How was the ice detected: The Lunar Prospector, a NASADiscovery mission, included a experiment called the NeutronSpectrometer. This experiment is designed to observe minuteamounts of H2O ice at a degree less than 0.01 % . Theinstrument concentrated on countries near the lunar poles whereit was thought these H2O ice sedimentations might be found. The Neutron Spectrometer looks for alleged # 8220 ; decelerate # 8221 ; ( or thermal ) and # 8220 ; intermediate # 8221 ; ( or epithermal neutrons ) which resultfrom hits of normal # 8220 ; fast† neutrons with hydrogenatoms. A significant amount of hydrogen would indicate theexistence of water. The data showed a distinctive 4.6percent signature over the north polar region and a 3.0percent signature over the south, a strong indication thatwater is present in both these areas. How can ice survive on the moon: The moon has no atmosphere, any substance on the lunarsurface is exposed directly to vacuum. For water ice, thismeans it will rapidly sublime directly into water vapor andescape into space, as the Moon’s low gravity cannot hold gasfor any appreciable time. Over the course of a lunar day(29 Earth days), all regions of the moon are exposed tosunlight, and the temperature of the moon in direct sunlightreaches about 395 degrees K (or 250 degrees above F). Soany ice exposed to sunlight for even a short time would belost. The only way for ice to exist on the Moon would be ina permanently shadowed area. The Clementine imaging experiment showed that suchperman ently shadowed areas do exist in the bottom of deepcrater near the Moon’s south pole. In fact, it appears thatapproximately 6000 to 15,000 square km of area around thesouth pole is permanently shadowed. Much of the area aroundthe south pole is within the South Pole-Aitken Basin (shownabove with large arrow pointing to it), a giant impactcrater 2500km in diameter and 12 km deep at its lowestpoint. Any water ice at the bottom of the craters couldprobably exist for billions of years. Where did the ice come from: The Moon’s surface is continuously bombarded bymeteorites and micrometeorites. Many, if not most, of theseimpactors contain water ice, and the lunar craters show thatmany of these were very large objects. Any ice whichsurvived impact would be scattered over the lunar surface. Most would quickly vaporize by sunlight and lost to space,but some would end up inside the permanently shadowedcraters, either by directly entering the crater or migratingover the surface as randomly moving individual moleculeswhich would reach the craters and freeze there. Once insidethe crater, the ice would be relatively stable, so over timethe ice would collect these â€Å"cold traps†, and be buried tosome extent by meteoritic gardening. Such a possibility wassuggested as early as 1961 (Watson, 1961). However, loss ofice due to photodissociation, solar wind sputtering, andmicrometeoroid gardening is not well quantified (Arnold,1996).Discussion and Summary:Is there any other evidence for ice? Arecibo regions seem to indicate that water ice is the mostlikely possibility. However, Arecibo radio telescopestudies using the same radio frequency as Clementine showedsimilar reflection patterns from areas which are notpermanently shadowed. These reflections have beeninterpreted as being due to rough surfaces, and it wassuggested that the Clementine results may have been due toroughness, rather than water ice, as well. Why is ice on the Moon important: This ice could r epresent relatively pristine cometaryor asteroid material which has existed on the Moon formillions or billions of years. A robotic sample returnmission should bring ice back to Earth for study, perhapsfollowed by a human mission for more detailed sampling. Thesimple fact that the ice is there will help scientistconstrain models of impacts on the lunar surface and theeffects of meteorite gardening, photodissociation, and solarwind sputtering on the Moon. Beyond the scientificallyintriguing aspects, deposits of ice on the Moon would havemany practical aspects for future manned lunar exploration. There is no source of water on the Moon, and shipping waterto the Moon for use by humans would be extremely expensive($2,000 to $20,000 per kg). The lunar water could alsoserve as a source of oxygen, another vital material notreadily found on the Moon, and hydrogen, which could be usedas rocket fuel. Paul Spudis, one of the scientist who tookpart in the Clementine study, referred to the lunar icedeposits as possibly â€Å"the most valuable piece of real estatein the solar system†. It appears that in addition to thepermanently shadowed areas there are some higher areas suchas crater rims which are permanently exposed to sunlight andcould serve as a source of power for future missions.