... fluctuates from high to low prosperity, recession, depression and recovery over time. The major challenges faced by our nation today are the Federal Budget Deficit, international trade deficit, the Decline of Smokestack America, and the conservation of energy. The Federal Budget Deficit occurs when our expenditures are greater then our revenues. International trade deficits occur when a nation imports more then it exports. The Decline ... of Smokestack America is when there is a change from an industrial to a post-industrial economy. Finally, the conservation of energy is so that there ...

• Word Count: 3843
• Approx Pages: 15
• Grade Level: High School