Essay on Inflation

During “The Tequila Crisis” the global international capital market had a huge impact on the economic, political and social development of Mexico. Mainly the global international capital market hurt all three categories of the economic, political and social sides Mexico contains. Although, some countries tried to help Mexico during their recession it was not enough to help the devaluation of the Peso. Economic= Mexico’s economy underwent a recession as a result of the peso’s devaluation during…

C. The United States Department of Defense will faces an abundance of new and risky challenges with regards to the execution of the National Military Strategy within the next 5-10 years. Several specific factors help to highlight this. Those are the Budget Control Act of 2011, changes in the external world of the pentagon, existence of the iron triangle, the current climate of the defense industrial base, and the historical execution track record of the acquisition and deployment of major…

The public and politicians show growing interest in the concept of replacing Social Security with a private system of individual accounts. It is too soon to state that curiosity will lead to approval of this idea, however it is obvious that ab enormous amount of people are thinking about adapting alternatives to Social Security. There lots pros and cons towards this problem but in my opinion, Social Security has to be privatized I believe that privatizing Social Security people can gain an…

Minimum wage was implemented in 1938 to ensure a minimal standard of living. Since 1938 minimum wage has been raised several times. Minimum wage was established under the Fair Labor Standards Act. The Fair Labor Standards Act is enforced by the U.S. Department of Labor. There are federal and state minimum wages; however, the federal minimum wage supersedes state minimum wage. Setting a minimum wage is thought to help the economy and employment. However, many economist will argue that minimum…

In the midst of the Great Depression, congress voted by a landslide to create Social Security during the spring of 1935. Almost no one in the House and the Senate were against this new bill known as the Social Security ACT (SSA). Taxes for this act were first collected in January of 1937 and the first payments were made that month as well. Its original purpose was to provide support and peace of mind to the current workforce and retirees. The SSA was able to accomplish this task by taking a…

It is necessary to focus on the “One-child” policy in order to describe the political and economic situations and the demographic factors that led Deng Xiaoping in 1979 to formulate this legislation. This paper presents the positive, but especially the dramatic consequences of this law that affects today’s society. The “One-child” policy was one of the government's decisions regarding the family. The aim of the law was to reduce the strong demographic growth due to political reforms and the…

How important were economic factors in determining US foreign policy in1890? There were many economic issues, which contributed to the determining of US foreign policy, some were very important than others. There were also many planned, religious and government policy issues. They affected the USAs foreign policy. Foreign policy is the way a certain country contracts with other countries. It can be pretentious by domestic thoughts and the behavior of other states. America increased effect over…

According to Olney’s truth table, if a premise is true but the conclusion is false, the argument is false. In the given argument, “If the federal government budget deficit increases” is the premise, and “there will be decreased long-run economic growth” is the conclusion”; therefore, if the long-run economic growth does not decreases when there’s an increased federal government budget deficit, the argument is false. The implicit assumption is if the government budget deficit increases,…

Introduction Over the years, the EpiPen price increase has been a major concern among median income households and insurance companies. The price increase for EpiPens has resulted in a decrease in demand due to families taking drastic measures to compensate for the price surge. Since Mylan acquired the EpiPen in 2007, the cost to purchase the medicine has increase from $100 for a pack of two to $600 for the same amount (Ramsey, L. 2016). Epinephrine, the drug that is in the EpiPen, costs…

Personal Statement It was the financial crisis in 2008 that sparked my ever-increasing interest in economics and politics. As I got older and learned about the causes of the financial crisis, I began to question how and why only few experts were able to predict the crisis, causing my initial curiosity and determination to further pursue these subjects. What fascinates me most about economics is its ability to be applied to the real world. The knowledge I obtain in my economics class allows me…