I am having trouble finding an example from a business, news reports, government, economics, or etc. where the decisions made produced a negative consequences. I just need some references to do some research from. Any help would be greatly appreciated.
Adoption of "supply-side" economic theory cause masssive Federal Deficits. Search "supply side economics" on Google.
The recent capturing of the British Sailors by IRAN caused them much worldwide ill will, and will negatively affect them long term (business investment, tourism).
The decision several years ago that Congress made that companies can patent plants and drugs (chemicals) so no one else can make them: greatly drove up the prices for needed drugs in the US.
The decision to enter into "Trade Agreements" with Central American nations that allowed them to make and sell anything in the US without tariff and restriction, but the reciprocal trade is not allowed. Negative consequence is loss of manufacturing jobs in the US.
Here are a few examples of negative consequences resulting from decisions made in different sectors:
1. "Supply-side" economic theory leading to massive Federal deficits:
To find more information on this topic, you can search "supply-side economics" on Google. This theory promotes the idea that lowering taxes and increasing business incentives will stimulate economic growth. However, critics argue that it can lead to revenue shortfalls and contribute to a widening gap between the wealthy and the rest of the population. Researching the effects of supply-side economics will provide you with more specific examples and data to support these claims.
2. The capture of British sailors by Iran causing negative consequences:
To gather more details and information on this incident, you can search for news reports related to the capture of British sailors by Iran. This event resulted in significant worldwide ill will towards Iran and potentially had negative consequences for their economy. For example, it may have discouraged business investment and tourism due to concerns about political stability and safety. By conducting research on this specific incident, you can explore the long-term effects it had on various aspects, such as business and tourism.
3. The decision to allow companies to patent plants and drugs leading to higher drug prices:
To delve deeper into this topic, you can explore the decision made by Congress several years ago regarding the patenting of plants and drugs. This decision granted companies exclusive rights to produce and sell certain drugs and agricultural products, ultimately driving up prices. By conducting research on this subject, you can find specific examples of drugs whose prices increased significantly as a result. Government reports, news articles, and academic research are reliable sources to gather information on the negative consequences of this decision.
4. Trade agreements with Central American nations leading to job losses in the US:
To investigate the effects of trade agreements with Central American nations on job losses in the US, you can search for information on specific trade agreements and their consequences. Look for reports, articles, or studies that discuss the impact of these agreements on the manufacturing sector in the US. Analyzing the trade balance, employment statistics, and industry-specific data can help you understand how such decisions can negatively affect job markets.