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: Some Nazi scientists were brought to the USA to work with NASA during Operation Paperclip and other Nazi's ended up in Latin America, particularly Argentina though also in Paraguay, Colombia, Brazil, Uruguay, Mexico, Chile, Peru, Guatemala, Ecuador and Bolivia, as well as the United States, Spain and Switzerland.
D. The newly formed government had the ability to enforce its laws.
They were croul and were not trust worthy at all
<u>Answer:</u>
New ideas causes development in science, technologies, art and literature that changes the lifestyle of people.
<u>Explanation:</u>
- It is obvious that the actions that we do affect the environment around us.
- With the generation of the new ideas, the way that we interact with the environment also change and this changes the way people adapt to that environment and thus, the adaptation also changes.
- Also, with new ideas evolving, there is a gradual development in science, technology, art and literature that shapes the lifestyle of the society and the way of people responding with the environment also changes.
