Macro & Microeconomics Essays

A state may collect tax revenue for several reasons that enable the government to be able to operate swiftly. Therefore, tax revenue collected is used to take on different government obligations such as paying its civil servants as well as the construction of roads among many other government expenditures (UK Trade & Investment, 2013)

The research that came up with the conclusions which guided the writer in writing the article was done by the American express (AXP). From their research, 54% of

President Obama is pushing for an increase in the minimum wage bill per hour for laborers. According to the president, this will enable them live

The four areas of the economy that has been impacted on by globalization are growth, employment, prices and trade (Hanson, 2006). This is due to the realozation that globalization leads to increase in both the number of producers and

Cameron acknowledged that encouraging military contractors to broaden their research focused on advancing the United States’ military abilities is a worthy cause. Pentagon, as he stated, realized that most firms shy away from bidding on Pentagon’s offerings on the same

However, the president and the congress may have said in their operation when there are economic sectors that need immediate attention (Brux,

The Japanese economy was the most versatile world economies gaining up to 0.9% and this was an improvement from the past week when it gained 0.5% above the GDP (FXSreet n.p). The US and Chinese economies

For Mcdonald's to have the minimal input combination it is advisable to adopt automation, which will reduce the input cost, since the automation will be more accurate in taking orders and there is no fatigue so the service is executed evenly throughout the day. In addition, costs attributed to labor such as holiday leave or medical insurance will be removed.

According to the National Statistics, the economy growth for the United Kingdom has been 3.1% in 2007. This has been the best over three years and the main causes for the growth in the economy apart from the technology have been lower savings ratio, mortgage equity withdrawal, and current account deficit (Economics Help, 2008).

Intellectual property rights associated with the changes in business activities, intellectual property right protection and enforcement related to patent and trademark applications, and a study of the patent application filing trends in the US. The study includes elements such as those related to the implementation of intellectual property right. 

 The President of the US is responsible for presenting federal documents to the US Congress and the same gives an account of the funding recommendations for the following Fiscal year, this funding includes all major expenditures and the same is called as the Federal Budget. 

Y-axis shows the price of gasoline and x-axis shows the demand and supply of gasoline. Due to the increase in the price of gasoline the supply curve S1 shifts leftward. There is a new supply curve S2 intersecting demand curve at point E2 which is the new equilibrium. New equilibrium quantity has decreased from Q1 to Q2.

This paper will seek to provide an account of the potential effects of debt limit/debate on credit rating of United States. It will identify the key agencies and explain the process of credit rating. The research paper will attempt to analyze the impact of recent debates on the United States debt and current legislations.

Trader’s invention led to insurance and the introduction of retirement funds. Accumulation of capital in the past years was through scale variety, different methods and wealth concentration (Pyke, 2011). Socialists condemn and reject the development of capitalism. Adams Smith, who was a Scottish philosopher, introduced this new model of reality because of a number of reasons.

A vast majority of the macroeconomic strategies aimed at opening up economies, making provisions for privatization and reducing the influence of states within the regions.

federal partners, state official, local workers and the national drug control policy personals are working hard to decline the illegal consumption of marijuana and other forbidden drugs by formulating the polices and counter strategies that are developed in the light of rules

I choose to reserve online courses, though with many advantages, for specialized graduate-level seminars and concentrate most of our efforts to classroom learning. My reasons for that include the affordability of classroom learning, the utility derived

Us trade deficit with China in 2010 was $273.1 billion. The Business and Industry Council’s interest in discouraging imports is for the best interest of American

An estimated car registrations of 2.26 million vehicles took placed during 2013 in the country. The overall car market in the country is showing health signs of recovery and may be on its way to achieve the peak sales as the overall consumer confidence

When the prices of goods and services are increasing while wages remains the same, the income expenditure of household is thus limited to what it can only afford in the market.

According to the British economist John Maynard Keynes, the demand for money can be studied both from transaction and asset approach. The demand for money which is also termed as liquidity preference theory has been classified according to three motives of people – a transactions motive, a precautionary motive, and a speculative motive.

According to the article, small minimum wage hikes do not produce immediate or large decline in employment especially if the minimum wage is raised by 50 cents. The author also clarifies that companies have not

It holds that of all the many negative effects suffered by urban blacks in the aftermath of the civil war, residential segregation from whites was not one of them (Massey and Nancy

During the period between the end of WW2 and 1973, it was a period of economic revival in the postwar situation. The industries started regaining their lost glory in economic drop and slowly started returning to its normal economic growth. Currently, Ontario is one of the leading cities with the fastest economic growth in Northern America. 

Discussed below is the importance of exports to the US economy. According to national statistics, in 2012, the US government exports totaled to around $20 trillion. Nearly 30% of the growth national product is as a result of

Latin America is economically diversified as well as one of the largest continents of the world. As per the estimates from World Bank (2014), the economy constitutes a population of more than 604 million. This combined Gross Domestic Product (GDP) of this sub-region of America accounts for more than 550 million in 2014. The province integrates 20 sovereign countries by capturing nearly 13% of the earth’s land surface.

One can say that Adam Smith is regarded as not merely the father of modern political economy or just a starting point for a history of thought class but a system builder who sought to integrate ethics, morality, political economy and jurisprudence into a coherent whole. We will endlessly debate the extent to which he succeeded in this task.

Every activity in the value chain can readily increase the benefits that consumers derive from the firm’s product while each technique can add to the expense that the firm incurs in production and marketing of the product. By performing these

It is expected that a larger percentage of the over 65 will remain in the labor force as well as forcing the government to change existing laws to allow mass migration to balance the worker-retiree ration. On the other hand, developing nations with an increasing number of young people will have an increase in the costs of healthcare and education.

Terminologies defined in this paper include gross domestic product, real gross domestic product, nominal gross domestic product, unemployment rate, inflation rate, and interest rate. Gross domestic product is the market value of goods and services

The imposition of a one-unit sales tax on the output of a monopolist will result in increasing the overall prices of the product as the monopolist will directly increase the price in order to overcome the increase in the cost due to the imposition of the one-unit sales. This can be shown with the help of calculations as in the paper.

A hallowing shadow was however observed in shape of the 2009 deficit. Rather, government made expansion in credit to employ the policies that included with the off budget spending by the local

If there is any country in the whole which should have progressed a long time ago but did not is the Philippines. After the WWI, the Philippines was the second best-performing economy in Asia next only to Japan. Its universities also were one of the best in the world where its state university UP was only second to the University of Tokyo.

The concept of foreign direct investment signifies the transfer of capital from one country to another country due to the expansion of business activities. During the year the 1980s, when the effect of globalization was observed among the developed and developing countries, during that phase this cross-border expenditure concept started flowing all around the world.

A high amount of publicity has revolved around the Social Security Trust fund in recent months and years.  It should be noted that according to law, the means by which any surplus tax over payroll is required to be paid into the US Treasury Bills; further complicates the issue of understanding US debt.

In particular, the nation’s trade imbalance threatens to erode the gains made over the years in terms of GDP performance and currency

It comprises four sectors including business, government, household and foreign as well as three markets; resource, finance and product

Studies have however been in disagreement with this view. In 2004, the IMF had an economic forum in which it clearly showed that the relationship between wealth and welfare has been the other way around

However, in 1991, Boris Yeltsin rose to power and enacted the reform policy to transform the old centralised economy to a mixed economy. It meant that the price controls had to be abolished in order to allow demand and supply control the

Many large multinational corporations (MNCs) in North America and Western Europe make revenue that is higher than the revenues of countries with small economies around the world. The leaders of these businesses are extremely influential and they wield a lot of power and control over affairs in their home countries and around the world.

The author states that these unconventional policies provided an additional financial policy accommodation towards the end of the recession and the ultimate strengthening of the economic recovery. The alternative strategy actions that were set up intended to put more pressure towards the long-term interest rate achievement.

Open Market Operations: it refers to the purchase and sale of government bonds. RBA buys bonds from the public and the dollar it releases in that manner increases the money supply in the economy. With this increased money supply, people purchase bonds (interest-bearing asset). Demand for bond increases and so does its price. 

 This, therefore, implies that although individuals and their preferences play a major role in a capitalist economy, the final outcome of each option or course of decision making rests fully on the aggregate decisions and the decisions of other stakeholders which collectively determines affairs in the society.  

It is essential to state that although the overall unemployment rate of the nation improved by dropping down by nine percent, the public sector has not contributed much to it.  In fact, the unemployment rate would have registered a better figure if both the state and local government did not cut back on jobs. 

 Foreign investors need to carry out analysis on factors that are likely to be of importance when they need to invest. There are some areas that need focusing on before all that is done. This is in order to get the required knowledge of when, and how to invest in that foreign country. Foreign investors or investment face some challenges from the time.

Clark’s explanation for inefficient medieval agriculture broadly refers to increased inefficiency in terms of productive outcome which was considerably lowered due to many factors like widely dispersed agricultural plots. It used to increase the overall cost as much time was lost when workers along with cattle had to travel between plots.

The company that has the market power will practice limiting price strategy by lowering the prices of the product below the monopolistic market price or may either threaten to lower the prices of the product in any case the other

The total rate of unemployment for May 2013 was 7.6 percent (U.S. Bureau of Labor Statistics, “Employment Situation”). The total rate of unemployment rate for April 2013 was 7.5 percent which was 0.1 percent lower than that recorded in May 2013 (Bureau of Labor Statistics U.S. Department of Labor, “News Release").

adicate poverty and facilitate development there. It offers financial assistance in the form of low-interest loans, interest-free credits, grants, and through trust fund partnerships with bilateral and multilateral donors to fund areas such as education, health, infrastructure,

The federal government revised this policy to the extent that in 2013, the government massively cut its spending and raised taxes. The country had to contend with a cut of roughly 85 billion USD in a bid to sequester the government’s debt. The country also adopted a policy to the effect that wealthy Americans will have to pay even more in taxes.