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Principal Of Macro Economic

Principal Of Macro Economic

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Principal of Macro Economic

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Introduction

The “Major transportation projects to get on the road this year-end” authored by Ta Lu, Doan Loan, and published on vnexpress.net illustrates one of the major projects being undertaken by the government of Vietnam. The project involves the construction of a major road and bridge, which link the cities and towns CITATION TaL19 \l 1033 (Ta Lu, 2019). The road and the bridge are some of the gateway to several cities and therefore, the completion of the road will facilitate business hence economic growth. It falls under economic principle of 5. The construction of roads facilitate economic growth through enhance transportation of goods to the market. The major transportation project will open the market for goods. It will open the trade to ensure that goods could reach the market faster.

The article “Trade Uncertainty Clouds Global Growth Prospects” authored Hilsenrath and Zumbrun (2019.) and published by Wall street Journal. The article illustrates some of the uncertainty between China and the United States. The article illustrates some of the uncertainty and how the diminish. The negotiator agreed that the U.S. tariff will increase and this is expected to affect the business between the U.S. and China.

The “Save Our Seas Act” signed by President Donald Trump to bring changes to laws related to the cleaning of the U.S. oceans and seas. The article on the law was published by Daily caller.com and authored by Jason Hopkins a senior immigration and politics reporter. The purpose of the act signed was to stop other nations from turning ocean into the landfill leaving the burden of cleanup to the United States government. Therefore, the act is essential and relevant to the principle of Macro Economics. It introduces the aspect of cost reduction and sharing. It is pointed out that the act prevents other nations from dumping garbage into the ocean. This will reduce the amount of garbage being dumped into the ocean and therefore, the government spending on the cleaning up of the ocean and sea will reduce.

References

BIBLIOGRAPHY Hilsenrath, J., & Zumbrun, J. (2019). Trade Uncertainty Clouds Global Growth Prospects. https://www.wsj.com/articles/trade-uncertainty-clouds-global-growth-prospects-11570994292?mod=hp_lead_pos7 , 2-15.

Ta Lu, D. L. (2019). Major transportation projects to get on the road this year-end. https://e.vnexpress.net/news/video/major-transportation-projects-to-get-on-the-road-this-year-end-3995819.html , 2-34.

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