If the United States government were to regulate its financial structures, including banks and businesses, which of the followin
g criteria of a capitalist economy would it violate? A. Consumer interests affect capitalism. B. Prices and wages are set by supply and demand. C. Privately owned resources are used to make a profit. D. Government involvement in businesses and markets must be limited.If the United States government were to regulate its financial structures, including banks and businesses, which of the following criteria of a capitalist economy would it violate? A. Consumer interests affect capitalism. B. Prices and wages are set by supply and demand. C. Privately owned resources are used to make a profit. D. Government involvement in businesses and markets must be limited.
Capitalism is a political philosophy that believes in "laissez-faire" economy. This means that the government should abstain from getting involved in businesses. These entities should always be run by private parties who search to be profitable by operating them. Government involvement will probably end up in subsidies that aim to aid ineffective participants in the market. This is proven to harm the economy in the middle term, these sectors won't be able to thrive against foreign competition.
A pure market economy, or capitalist economic system is characterized by zero goverment intervention in the economy. Instead, markets are allowed to freely fluctuate, and the interactions between the economic agents (households, firms and public sector) determine the prices and the output in both product and factor markets.
Therefore, if <u>the US authorities intend to control banks and businesses, such action is violating the "zero interventionism" principle and the </u><u><em>laissez-faire</em></u><u> approach</u>, hence the main criteria of capitalism.
Answer: The correct answer is : b. served in the military and worked in war production.
Explanation: During the Second World War the government of the United States needed the help of the Navajo Indians. Given the need to create a secret military code that was not deciphered by the Japanese, the language of the Navajo Indians was used and code words were used since they did not have in their language many terms used in the war. 200 Navajo Indians were enlisted to act as key announcers.
August 2, 1776, is one of the most important but least celebrated days in American history when 56 members of the Second Continental Congress started signing the Declaration of Independence in Philadelphia.
