… 5.8 trillion dollars and the national debt has continued to increase an average of $202 million per day since February 26, 1999! As the growing debt approaches fifty percent of GDP, it is one of the largest economic problems facing the United States…

… experiencing two wars. World War II and Korean war (1950 ~ 1953). The country even experienced a food shortage so that it had to heavily rely on the foreign aid. Yearly per capita consumption was a mere $88 as late as 1965. However, since 1965, Korea…

… For those of you who do not know me, I am Adam Smith, the economist, and philosopher. I would like to start by saying how much this means to me to be here in (name of your school) speaking to you all. Although my time is limited,…

… debt is referred to also as external debt. Foreign debt is distinguished from other kinds of foreign investment capital inflow such as foreign ownership, because it carries with it the obligation to pay interest or to repay principal. There is no single…

… technologically advanced economy in the world, with a per capita gross domestic product of $37,600. This is the largest among major industrial nations. The war in Iraq has been one of the biggest questions about how the economy is going to react.…

… a very competitive industry. The end of the 20th and the beginning of the 21st century have seen the introduction of a new kind of airlines: The Low-Fare Airlines (LFAs). One of the leading LFA in Europe is the Irish operator Ryanair. Ryanair has…

… Simulation on the University of Phoenix online resource page for Economics. The questions that will be answered are the following: 1). What causes the changes in supply and demand in the simulation? 2). How do shifts in supply and demand affect your…

… to much debate concerning rights and responsibilities of employers and the employees. Outlined below are some of the methods used to determine wages in Australia, and the foremost advantages and disadvantages of enterprise bargaining. Recent trends…

… called automatic stabilizers. Automatic stabilizers, are mechanisms which aid in the correction of an economic problem without the interference of anyone or anything. They are perhaps most useful to combat demand - pull inflation. Demand - pull…

… to Australia's productivity growth? Labour Market Deregulation Definition Labour market regulation refers to the imposition of rules, whether informal or formal, impacting and controlling and restricting the behaviour in which labour can both…