Answer:
True
Explanation:
Given that Capitalism is a term that is used to describe a form of the socio-economic and political system of a country, in terms of commerce and industry, whereby individuals or the people are the major driver and determinants of their business's profit, instead of being controlled by the state.
Hence, it is TRUE that Capitalism is the economic system of the United States and is also referred to as free enterprise. With capitalism individuals and businesses make decisions
Answer:
Economists have had an enormous impact on trade policy, and they provide a strong rationale for free trade and for removal of trade barriers. Although the objective of a trade agreement is to liberalize trade, the actual provisions are heavily shaped by domestic and international political realities. The world has changed enormously from the time when David Ricardo proposed the law of comparative advantage, and in recent decades economists have modified their theories to account for trade in factors of production, such as capital and labor, the growth of supply chains that today dominate much of world trade, and the success of neomercantilist countries in achieving rapid growth.
There were multiple reasons the War of 1812 happened, one of them being that Britain and France were battling, which caused Britain to restrict French trade from the United States, which didn't make Americans happy. Another reason was the United Kingdom didn't want the United States to expand and become powerful, as they may be deemed as a threat, so they supported Natives in keeping their land so Americans couldn't expand. The last reason I know of, was Britain would capture some of our troops and force them to join their army. These things lead to the War of 1812, which was followed by peace between the United Kingdom and the United States.
