Evaluating Economic Performance by Logan Frizzle

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Slide Notes

Evaluating Economic Performance

Published on Nov 24, 2015

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PRESENTATION OUTLINE

ECONOMIC FREEDOM

Make your own decisions
Choose your job
Get an education

ECONOMIC EFFICIENCY

Conserve scarce recources
Higher efficiency
Wasted resources decreases profits

ECONOMIC EQUALITY

Strong tradition of justice, impartiality, and fairness
No discrimination
Minimum wage

ECONOMIC SECURITY

Social security
Medicare
Payed during Unemployment

FULL EMPLOYMENT

As many jobs as possible
Employment act of 1946

PRICE STABILITY

Inflation
Fixed income

ECONOMIC GROWTH

Better jobs
More goods
Improved technology

EXPLAIN THE SIGNIFICANCE OF MINIMUM WAGE,SOCIAL SECURITY, INFLATION, AND FIXED INCOME

Minimum wage-how much people can make
Social security- get paid if you have a disability
Inflation- rise in the general level of prices
Fixed income- income that doesn't increase even though prices go up

WHY IS IT IMPORTANT FOR A NATION TOMSET ECONOMIC AND SOCIAL GOALS

To have something to strive for
Sets goals to make improvement over time

HOW DOES AN INCREASE IN THE MINIMUM WAGE INVOLVE A CONFLICT OF GOALS

Costs employers more
Employees get more money

WHAT CAN AMERICANS DO TO INFLUENCE THE ECONOMIC GOALS OF THE NATION

Create more jobs in U.S.
Spend more money on American products

HOW DO LAWS AGAINST FALSE OR MISLEADING ADVERTISING PROMOTE THE GOAL OF ECONOMIC EQUALITY

Gives all products equal value

Logan Frizzle

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