Critical Analysis Questions Chapters 1 & 2

Jerry Shelley

Grantham University

Abstract In reading and reviewing this research topic one on Governing Spending and Taxation, one will find that four of the eight guideposts to economics thinking are included. In recent studies one does not have to waste time knowing that there is a way of thinking which the economic way is. The economic theory has a common ground in which a human being can developed it from the basic principles of their behavior. The economic theory is the road map to finding out the points that are established of what to look for and how economics relates to the present and future. The list of guideposts to economic thinking can be incorporated into your own thought process. Below is information that has being prepared for one viewing of thinking in an economic way?

Title of Essay
The opportunity cost beginning with World War I soared to $11,194 as of 2010 this was almost 80 times the level in 1916. However, the dramatic change for federal spending is above it level during the 1920s.The shift of federal spending has change rapidly. In 1960 the defense of spending has fallen from both the share and budget in the economy. However health care and transfer payments, and subsides has risen high. In 2000 defense spending was only 16.5 percent of the federal budget. Because of the wars in Iraq and Afghanistan defense spending has succeed in the past decades at its highest of 20.1 percent.
The individuals choose purposefully they try to get the most from their limited resources. America now has more than half of its families income comes from transfer programs. At least 54.1 percent of families have fallen from one program that felled in