He claimed that it was a new phenomenon because the postwar economy was booming in the US, unlike the rest of the world. As he claims, while there should be scarcity, there's an economy of abundance in the US, which goes against common sense.
Answer:
Congress.
Explanation:
The legislative branch is made up of the House and Senate, known collectively as the Congress. Among other powers, the legislative branch makes all laws, declares war, regulates interstate and foreign commerce and controls taxing and spending policies.
Both Mayans and Egyptians came up with the idea of constructing pyramids as part of their cultural identity.
Answer:
physical_ made up of the features that are not created by human beings.
cultural environment _ the behaviors, norms, and values that people use to understand.
In a market economy the production is determined not by someone's decision <em>(which can be wrong, and a wrong decision is the reason why there there are unwanted goods or a lack of wanted goods) </em>but it is regulated by the supply and demand: if there is a need for a good, it will be produced, and if there is no need for something, its production will halt and there will not be an unwanted storage.
In short, in a market economy, the economy itself regulates this.
