Evaluating Economic Performance
Published on Nov 24, 2015
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MORE DECKS TO EXPLORE
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
