1 What is economics?
Economics for the president is really the changing of government policy as it interacts with the economy of the nation as a whole. Since the president is not in charge of the economic status of the nation, the people are, his interactions are meant solely to change or support the way the people precede through their economical lives.
2 How important is economics?
Economics is crucial to the nation and to the president. Oftentimes if the president doesn’t support certain policies, the people will grow frustrated with him and ultimately have the potential power to vote him out of office. Furthermore, the economy of the nation supports the growth and prosperity of the nation.
3 What powers do you (the President) have in terms of economics?
The basic powers of the president when it comes to economics are to establish public policy that impacts the economy of the nation in some way through systematic workings. The president is also responsible for coming up with a national budget. Finally, the president can propose legislation that increases or cuts taxes as well as levying tariffs on imports and exports. All other economic influence is indirect based on public policy supported by the president.
4 What powers does the Congress have in terms of economics?
Congress can enforce and collect taxes, borrow money from foreign nations, regulate foreign and domestic commerce, establish the rules of bankruptcy, and to coin money while establishing its value.
5 What are some important economic issues in the United States today?
Important economic issues today are things such as the national deficit or debt crisis, the recovery from the recession, exploited tax systems, government program expenses, the lack of a national budget, and the continued corruption of policymakers and big wigs on wall street.
Economics for the president is really the changing of government policy as it interacts with the economy of the nation as a whole. Since the president is not in charge of the economic status of the nation, the people are, his interactions are meant solely to change or support the way the people precede through their economical lives.
2 How important is economics?
Economics is crucial to the nation and to the president. Oftentimes if the president doesn’t support certain policies, the people will grow frustrated with him and ultimately have the potential power to vote him out of office. Furthermore, the economy of the nation supports the growth and prosperity of the nation.
3 What powers do you (the President) have in terms of economics?
The basic powers of the president when it comes to economics are to establish public policy that impacts the economy of the nation in some way through systematic workings. The president is also responsible for coming up with a national budget. Finally, the president can propose legislation that increases or cuts taxes as well as levying tariffs on imports and exports. All other economic influence is indirect based on public policy supported by the president.
4 What powers does the Congress have in terms of economics?
Congress can enforce and collect taxes, borrow money from foreign nations, regulate foreign and domestic commerce, establish the rules of bankruptcy, and to coin money while establishing its value.
5 What are some important economic issues in the United States today?
Important economic issues today are things such as the national deficit or debt crisis, the recovery from the recession, exploited tax systems, government program expenses, the lack of a national budget, and the continued corruption of policymakers and big wigs on wall street.