Question

Choose one current event. Describe the event and discuss the economic implications of this event. What economic effects might this have at the individual and societal levels?

Answer 1

North Korea Nuclear testing. Since China is doing nothing to stop it, sanctions can be placed on China (maybe) and aid provided to Japan's defense department as well as south koreas.

Answer 2

Answer:

Explanation: A current event could be the economic and technological war that took place between China and the United States, in mid-2018 and in which two giant technology companies such as Huawei and Google have been involved, which, in turn, It also seriously affected the economy of both powers as the United States threatened China with increasing tariffs and establishing new ones. In response, China also did the same. This situation in turn hurt users of both companies since their access to their Android phones was restricted. The effects at individual and social level were negative due to the impact of the pocket of citizens of both countries.