Limited resourcesTime‚ money. * Inability to satisfy all of our wants * Faced with scarcity we must choose among available alternatives * Trade offs * Incentive: Reward that encourages and action or penalty that discourages * Microeconomics: Choices of: * Individuals * Businesses * The way these choices interact in markets and the influence of the government * Macroeconomics: * Study of the performance of the national economy and the global economy * E.g.
Premium Supply and demand
The Articles of Confederation After the Declaration of Independence was adopted‚ the government began creating and approving a written plan of government for the new confederation. It took five years‚ as delegates and states sought agreement on fundamental principles‚ but the Articles of Confederation were created. The Articles of Confederation are a written document defining the structure of the government from 1781 to 1788 under which the union was a confederation of equal states‚ with no executive
Premium United States United States Declaration of Independence President of the United States
AP U.S History DBQ Essay 1. "From 1781 to 1787 the Articles of Confederation provided the United States with an effective government." Using the documents and your knowledge of the period‚ evaluate this statement. The Articles of Confederation did not provide a sound basis for a new developing country of the United States. The vague responsibilities of the Federal government did not allow it to regulate and govern its states as a result led to social‚ economic and political problems
Premium United States United States Constitution Massachusetts
The Articles of Confederation was an effective tool for governing the states after the revolutionary war and effectively addressed some of the problems facing the nations; however‚ they were not completely effective in solving all the problems after the war. The four main issues after the Revolutionary war that the Articles of Confederation dealt with were economic problems‚ western territory issues‚ foreign nation issues‚ and violence issues. The Articles of Confederation was not very effective
Premium Articles of Confederation History of the United States Northwest Ordinance
02-17-11 U.S History I Honors The Continental Congress wrote the Articles of Confederation during the Revolutionary War. The articles were written to give the colonies an idea of a unified government. The Articles of Confederation was the first constitution of the United States and specified how the Federal government was to operate. The government under the Articles of Confederation has been considered a failure. It is evident that the Articles of Confederation had a negative impact on the colonies. Many
Premium United States Articles of Confederation United States Constitution
I. MICROECONOMIC Micro-environment is preferred as ‘the operating system’ which includes the forces that has significant impacts on and can affect the organization’s ability to operate and serve its customer (Chaffey et al‚ 2009). This is influenced by the need of customers and how services are provided to them through the competitors‚ marketing intermediaries‚ and suppliers within the marketplace (Chaffey et al‚ 2009). 1. Customer Airasia provides to its customers the basic flight carrier
Premium Airline Low-cost carrier
From the Articles to the Constitution It is understood that the US Constitution was written to form a more centralized form of government‚ a federation‚ which could protect and regulate the rights of the US citizens. While the Articles of Confederation was avoiding this type of government affected by the British experience‚ the constitution encouraged it. The main difference between these two documents is the balance and centralization of powers. How did the constitution change the role of national
Premium United States Constitution Articles of Confederation United States
com/archives/2010/01/02/shocker-yet-another-government-intervention-failure-story/ Sherfin‚ H. and Statman‚ M.(1993) Financial Analysts Journal Vol. 49‚ No. 6‚CFA Institute. Scholasticus‚ K. (2011) Price Ceiling‚ Buzzle.Com. http://www.buzzle.com/articles/price-ceiling.html Tomasi‚ J.(2011) Free Market Fairness‚Bleeding ‚Heart Libertarians. http://bleedingheartlibertarians.com/2011/06/free-market-fairness/
Premium Supply and demand
of gas that can emit. The company must have a permission of emissions per ton of Cabon Dioxide that relased into the atmosphere. According to the article of Green Energy News‚ “Basically‚ the cap-and-trade bill seeks to cut down drastically on the amount of carbon emissions companies are able to release into the atmosphere.” Acording to the article of WiseGeek: “A Cap and Trade system is a method for managing pollution‚ with the end goal of reducing the overall pollution in a nation‚ region‚ or
Premium Carbon dioxide Economics Greenhouse gas
What is the difference between micro and macro economics? Give an example of a microeconomic phenomenon and an example of a macroeconomic one. Microeconomics is the study of how an individual‚ group or a company makes their decisions while macroeconomics is the study of how decisions are made on a whole‚ which involves growth‚ inflation‚ use of country resources and unemployment; focusing on broad issues. Microeconomics and macroeconomics goes hand in hand‚ they compliment each other. The decisions
Premium Economics Macroeconomics Inflation