The measurement of economic activities is in monetary terms, whereas non-economic activities lack money measurement. Economic activities result in creation and accumulation of wealth as they are done to earn profit. Unlike non-economic activities which result in mental satisfaction and happiness
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<span>the system of checks and balances give the authority to confirm judges </span>to the senate.
Answer:
Problem recognition
Explanation:
Problem recognition is related to the decision making to differentiate between the desired state and the actual state of the objects. It will activate the decision-making process. Motivation plays a vital role in the recognition of the problem. It play with two factors such as:
- What is the importance of the problem ?
- What is the magnitude of the discrepancy between the actual state and the desired state?
There would be a situation exist that clarifies the recognition of the problem but there many vague definitions that confused.
Thus in the above statement, Jeff used the problem recognition strategy through which Jeff recognize the problem.
Extraneous details are remarks or information contained in someone's writing that is not pertinent or relevant to the meaning or purpose of the content.
Examples of extraneous details in writing are when a writer spends too much time on certain topic or piece of information, than the paper needs. Another example is when writers describe some object for the object's sake. The details are too much and it does not add to the writing, and does not seem to be relevant.
1. The American government guides the overall pace of economic activity. Its goal is to maintain steady growth, high levels of employments and price stability. It is best achieved by adjusting spending and tax rates ( fiscal policy ), managing the money supply and controlling the use of credit ( monetary policy ). The government can slow down or speed up the country's economy's rate of growth which affects the level of prices and employment. Another role of the government in the economy is to correct market's failures, provide public goods and enforce competition.
2. During the recession that followed the Great Depression for example, the government cut taxes to curb competition and increased the money supply via the control of interest rates. During a financial crises in any given time, the government tried to guarantee secure loans, bail out some troubled banks and adjust the money supply.
3. The federal budget has an affect on jobs, investments, economic growth and the standards of living of ordinary people. Tax cuts benefit many companies and individual businesses, and so do interest rates. Governmental investments in infrastructure and various projects ( education, health care ) have a direct affect on ordinary people, as the level of governmental spending on them reflects the level of services provided and received.
