i think its important to read because you can get more information and knowledge from the book
Answer:
The Louisiana Purchase was a land deal between the United States and France, in which the U.S acquired approximately 827,000 square miles of land west of the Mississippi River for $15 Million.
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Answer:
United States is the strongest economy
Tuvalu is the weakest economy
Explanation:
United States has a GDP of$20.5 trillion the population is 327.2 millio GDP per capita $62,869
Tuvalu is the world's smallest national economy, with a GDP of about $32 million, because of its very small population, a lack of natural resources, reliance on foreign aid, negligible capital investment, demographic problems, and low average incomes.
13. a policy or attitude of letting things take their own course, without interfering.
Or in Economics: abstention by governments from interfering in the workings of the free market.
Answer:
Through regulation, taxation, subsidies and enforcing the antitrust laws.
Explanation:
According to Samuelson and other modern economists, governments have four main functions in a market economy — to increase efficiency, to provide infrastructure, to promote equity, and to foster macroeconomic stability and growth.
The government tries to combat market inequities through regulation, taxation, and subsidies.
Examples of this include breaking up monopolies and regulating negative externalities like pollution. Governments may sometimes intervene in markets to promote other goals, such as national unity and advancement.
One way we do this is by enforcing the antitrust laws. ... But competition can only thrive if firms respect the antitrust laws, which are the rules of the free market. When businesses break those rules—such as by agreeing to fix prices—they effectively steal from consumers and harm the economy.
