But as we analyze situations in an economic way, we realize that the best things in life are not entirely free. ... But there are different costs for "free" things. ... And that is just before we decide if we want to split the bill! ... Finally, there are going to be situations were we have to accept things that we do not like. ... As I said before, being rational means we will always choose the option with the less costs and the more benefits. ...

• Word Count: 2410
• Approx Pages: 10
• Has Bibliography
• Grade Level: High School

While we are busy bailing out the banks, the real estate and construction industries are still in free fall. ... We did not hear about how greedy the construction and real estate sales market was. ... Construction companies that popped up like daisies have now closed their doors, but not before the owners of those companies walked away with millions of dollars. Their employees, however, were not so lucky. ... Rental property owners now have houses sitting empty that were once occupied by construction workers. ...

• Word Count: 579
• Approx Pages: 2
• Has Bibliography
• Grade Level: High School

Free Trade Area of the Americas (FTAA) is an extension of NAFTA to create the globe's largest barrier-free trade zone, extending from Canada to Argentina. ... Economically, for the most part, we live in a borderless world with other democratic countries. ... Since we now have made it local, look into the lives of the newly unemployed. ... Included in these jobs lost are the 33,000 small farmers in the US who have gone out of business since NAFTA, more than six times the rate before NAFTA began. ... If US workers were making more money and the unemployment rate were lower, the average US c...

• Word Count: 1668
• Approx Pages: 7
• Has Bibliography
• Grade Level: High School

For centuries people have come across the U.S. borders from foreign countries hoping for a better life, a life that is free from unruly dictators and poverty for them and their families. ... As we look at today's statistics, we can see that the United States has the most unequal distribution of income. ... According to Adam Smith, "Government involvement distorted the natural and rational exercise of free, prudent choice " (The Wealth of Nations, 54). Smith's suggested that free trade is the only way that helps a country to maintain stable economic growth. ... Nowadays, the gap betwe...

• Word Count: 1440
• Approx Pages: 6
• Has Bibliography
• Grade Level: High School

The stock market plays a major role because they are the ones who decide how our economy is, so that way the banking system does know when we are in a bad shape so this would not cost inflation. ... This causes jobs that were here before are gone and people who were laid off have to learn new skills or get an education because there is no more labor for them, They must find a job at a store or an office, they must be retrained. 3. ... The key components of international trade are for example, trade restrictions; an example of a trade restriction is when we put tariffs on things coming int...

• Word Count: 1180
• Approx Pages: 5
• Grade Level: High School

Nicaragua began free market reforms in 1991 after 12 years of economic free-fall under the Sandinista regime. ... Nicaragua remains the second-poorest nation in the hemisphere with a per capita GDP of less than $500--below where it stood before the Sandinista takeover in 1979. ... Exports were 640 million in 2001. ... In 2001, tourist arrivals were expected to grow to 513,600 and are projected to reach 685,000 in 2005. ...

• Word Count: 4098
• Approx Pages: 16
• Has Bibliography
• Grade Level: High School

In the United States, we spend about 13% of all money on sports and entertainment. ... We will take a closer look at these items and prove that sport is a business that relies on the economy and also discuss how the economics in sports effect the industry as a whole as well as individually as profit driven entities. ... Before I mentioned efficiency, I should have first talk about scarcity, since the existence of constraints on the economy, is in one hand, and unlimited human wants is in the other, and efficiency is a solution mixture of both. ... We find that the PGA simply watches its game g...

• Word Count: 5027
• Approx Pages: 20
• Grade Level: High School

"We need to reawaken this giant." ... Economists were doubting the American system of free enterprise, and some thought Russia's command economy was the answer. ... However, this is checked by the restrictive monetary policy mentioned before. ... So it was even more important to cut domestic spending while military costs were high. ... This meant that instead of several brackets, with increasing tax rates, there were only a few. ...

• Word Count: 3958
• Approx Pages: 16
• Has Bibliography
• Grade Level: High School