As governments continue to print money, the relative value of this money will continue to decline, ultimately harming the consumers it was intended to help. Furthermore, this low interest rate environment is harming those who depend on their savings to generate income. With interest rates at record lows, and savings accounts generating very little income, inflation will erode the purchasing power of these savings (Robert, 1988). Inflation could further erode an already shrinking middle class. The median income as I indicated earlier is already shrinking. Further constriction of purchasing power would cause more damage to the confidence of consumers and their willingness to purchase goods and services.
Part 2
Read CNN article DRUG_TESTING_GOES_OFFSHORE and summarize:
What you think are the advantages and disadvantages of offshoring some of these trials?
Many of the advantages of drug testing offshore correspond directly with the advantages of globalization within a market economy. First, drug testing offshore can be conducting cheaply and inefficiently. This allows consumers to save more money while receiving comparable services in regards to their health. In addition, drug testing offshore is much quicker than their domestic counterparts. As the article indicates, patients can receive routine services much more quickly than they otherwise could within their home country. In many instances patients can fly to foreign countries to receive cheaper and quicker service than they otherwise could in their home country. For many routine tasks, the quality of the service of foreign operations is on par or better than that of their domestic counterparts. The disadvantages...
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