Module One: Text Questions
1. The financial choices we make impact our economy. Think of a recent item you purchased. What factors influenced your decision in making this purchase? Did this purchase impact your local economy? Explain why or why not.
A recent item I purchased was a Patte Kode yesterday with a few friends after a SGA meeting. The factors that influenced me to buy that item were my hunger, the near location of the Haitian establishment to my school, the price, and past experience of buying the patty. By going with four friends I was able to introduce three out of the four to the restaurant in turn creating more business and consumers for the restaurant which impacted my local economy through the money that we spent. The…show more content… The changes I would make is increase government involvement in concerned with immigration – a few months ago I watched a documentary in class about the mistreatment of undocumented immigrants who worked at warehouses and factories in the U.S.- Governments should set more regulations for companies who like to hire undocumented immigrants as a source of cheap labor, to help improve working conditions for them and to prevent the exploitation of these immigrants.
5. In order for North America to operate as healthy economy, what do individuals need to do to contribute to the success of the country? How is our economy impacted when people make bad financial decisions?
In order for North America to operate as healthy economy individual will need to be more finically conscience by making wise decisions in terms of how they spend and what they spend their money on. Also individuals need to be a part of the labor force to continue to be a part of the economy and help it keep it running smoothly by being a consumer and paying taxes that will then help implement free services for citizens. A recession is the effect when people make bad financial decisions, an increase in national debt, the removal or cutting funding for social services, and
