<span>The effect the fierce competition among industrial nations had globally was that it altered patterns of world trade.</span>
Answer:
A) Alter its own spending, taxes, and/or the amount of money in circulation.
Explanation:
In situations of economic warming and inflation the government can act to influence citizens' spending to cool down economic activity to lower inflation. Inflation is a monetary phenomenon caused by excess currency in the economy. Thus, the government can reduce its spending, because it is an important player, which makes government consumption has a significant weight in economic warming. In addition, the government can take steps to curb citizen consumption through restrictive policies such as raising taxes. Finally, the government may sell government bonds to wipe out the monetary base. When the government sells bonds, people stop consuming at present to earn future income from public bonds. Thus, the government causes the money in circulation to decrease.
Ans: Anticipate and prepare for future
Answer:
It prevents equal access to basic services, access to jobs, and income opportunities.
Answer:
Meritocracy is defined as a bureaucracy where membership and advancement is based on proven and documented skills.
