Is there room for growth in the United States?
Alabama Southern Community College
Coastal Alabama Community College Monroeville Campus
In the year 2017 the United States economy is believed to of r
How could tax cuts grow the economy?
Tax cuts are the direct deduction of taxes on American citizens. President Trump is
currently pushing for more tax cuts in the economy. There are varying opinions of whether his
plan is going to be successful. If
Beer and pizza are complements because they are often enjoyed together. When the price of beer rises,
what happens to the supply, demand, quantity supplied, quantity demanded, and price in the market for
pizza (+6 sentences).
When the price of beer rises,
The decision making process of an individual comes into play when someone is put in a position to make
a choice. There are four main principles that describe the act of decision making. The first principle is
known as a trade-off, meaning giving up one th
Define the influence of Adam Smith and David Ricardo on comparative advantage and trade (+6
Comparative advantage is when a person uses the act of trade to better their business. This doesnt
mean that one person is better at doing what they th
Economists approach their work of study in a similar way that any other scientist would. They develop
theories, collect data, and then examine the data found to confirm or counter their theories, also known
as the scientific method. There are three well k
Explain why economists usually oppose controls on prices (+6 sentences).
Economists usually oppose controls on prices, because they alter the way that resources are distributed.
There are two terms that describe this; price ceilings and price floors. Pric