The correct answer is <u><em>placer mining</em></u>
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No, I believe that multiple weaknesses in the Articles of Confederation would have hurt America in time. One of the biggest problems was the lack of detail and specific attributes that the Constitution brings from long discussion and debates over what is best for the country. America needed to strengthen it's central government if it wanted to get anywhere, so we may not have become so powerful if we left the majority of the power in the state's hands. Another lacking component was the fact that we had no Executive branch to enforce Congress' laws and no National court to determine the meaning of the laws. Another example is the making of one currency for the entire country. These examples and more could have hurt America if they wouldn't have written the Constitution.
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.
