The Economics Behind American Government - 836 Words

Currently, I feel that the United States public does not fully understand the economics behind American Government. I can reassure you that I was not aware of certain situations and outcomes could impact our entire economy. Macroeconomics has broaden my mind on how to efficiently operate a government’s economy, based on scientific theory and data. Expansion and recession will always be prevalent within a government. You cannot have one without the other. A government will learn from mistakes that cause a recession, which in turn will create expansion from learning past mistakes. There is always a way for efficient production and return. A government or company must please the public’s demands in order to create adequate profits and useful resources. I have learned a lot of information in a short time period of 8 weeks. Scarcity, which is always a fundamental problem in the United States Market. It is the seemingly unlimited human wants in our world, which only has limited recourses. Demand is product consumers desire to purchase. Supply represents how much the government’s economy can offer. A government is in economic equilibrium if forces such supply and demand are balanced without any external influences. Input and output refer to how much a money, time, and production is going into an economy as a whole and the results of being completed and if the product is used effectively. They are sets of data, and reveal if production is working efficiently or ifShow MoreRelatedThe Rise Of International Trade1283 Words   |  6 Pageshemisphere, derives from personal motivations, political setting and relations, as well as the overall economic development of each country. Literature on trade agreements, not specifically on the relation between those two countries, can be divided into three schools of thoughts. Literature on the first category takes a motivational approach to explain trade agreements, emphasizing countries’ interests behind their settlement. 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Using the best equipment and spending billions of dollars on new technology may be affected by the uncertain environmental movement. With ethos, logos, and pathos, George Will effectively uses the rhetorical devices to convey his argument about the social and economic damage brought on by the federal government. Throughout the essayRead MoreThe American Dream And The Mortgage Crisis Essay1743 Words   |  7 PagesProfessor Patricia Ard Critical Reading and Writing 102 9 November 2016 The American Dream and the Mortgage Nightmare Every country’s economy is greatly impacted by the beliefs and the attitudes of its citizens; conversely, the action of the people is affected by the country’s economy. In other words, economy of a nation and character of the citizens are correlated. For instance, in the United States, the â€Å"American Dream† to own a home had a huge influence on the mortgage crisis in 2008. However