Understanding Business, 10th Edition

Published by McGraw-Hill Education
ISBN 10: 007352459X
ISBN 13: 978-0-07352-459-7

Chapter 2 - Understanding Economics and How It Affects Business - Developing Workplace Skills - Page 56: 5

Answer

American involvement in Iraq and Afghanistan, as well as increased spending on homeland security, has significantly impacted people's purchasing behavior and attitudes towards the United States and its economy. Because of increased U.S. spending, consumers have begun to adopt different spending practices that involve much more debt than before. And while countries still look at the United States economy as one of the best economies of the world, their opinions have soured a bit on the U.S. economy.

Work Step by Step

Over time, the United States' economy has been looked at different, and that has affected consumers tremendously.
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