3) Consumer sovereignty concerns the principle of hedonism, individualism and, as some economists often say, selfishness, or exacerbated individual freedom, where the human being has complete freedom to do, whatever he wants and understands and, anywhere, nothing interferes with the decisions of those who need to satisfy their needs. This economic philosophy adopts the principle of laissez faire, or in other words, what works is Adam Smith's infamous <u>invisible hand</u>, or more clearly, the system where the government does not interfere in the economy, it exists only to coordinate the political and social system, without active participation in the development of economic activity. It is what is called in the classic and neoclassical language, an economy of free competition, that is to say, everyone is free before their preferred choices.
4) The economic system in the US is <u>free enterprise.</u> Free enterprise is a principle that establishes the possibility for ordinary people to participate in the market without the need for authorization or approval by the State. If you have the possibility to open a company, sell a product and negotiate the price that is right for you, you owe it to the principle of free enterprise.
The government has a fundamental role in the economic system, such as legislating, placing wealth in the market, as well as inspecting these systems.
5) The price floor wage is the lowest wage a company can pay for an employee. It is established by law and is reassessed every year based on the cost of living of the population, its creation was made based on the minimum amount that a person spends to guarantee their survival.
The most common price floor is the minimum wage--a minimum price that can be payed for labor.
Answer:
A
Explanation:
Introducing the domino theory, that if Vietnam fell to communism, the rest of Southeast Asia would soon follow. Press conference, April 7, 1954.
Answer:
World War II had depleted the resources of the British Empire, making it economically unstable. Gandhi convinced the British government to free India with his nonviolent peace talks.
The convention was held during a year of violence, political turbulence, and civil unrest, particularly riots in more than 100 cities following the assassination of Martin Luther King Jr. on April 4. The convention also followed the assassination of Robert F. Kennedy on June 5. Both Kennedy and Senator Eugene McCarthy of Minnesota had been running for the Democratic nomination at the time.
impacted what ? American culture during the Gilded Age?
"The scientific method revolutionized the study of human society during the Gilded Age and onward; sparking curiosity within the members of society, and encouraged people to<u><em> gain knowledge</em></u>, discover and investigate; causing them to question old credence, and starting to prove them wrong, thus <u><em>leading to technological advances, </em></u>and large scale production methods, the inception of intellectual movements and favored<u><em> drastic reforms in education</em></u>, thus bringing opportunities to other scope of the population, because racial, ethnic, religious, gender and socioeconomic inequalities still abounded, so it also inspired some reformers to address those inequities in some form."
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