Economic activity and its correct economic term.
receiving $5 for washing your father’s car - incentive
paying part of your income to the government - taxation
a person in China purchasing an American mobile phone - injection in the US economy
a person in the United States purchasing a car made in Germany - leakage in the US economy
Receiving $5 is an incentive because it is something that encourages one to do something.
Taxation is the money or percentage of your income paid to the government.
Injection is allowing entry while leakage is allowing flow or escape.
Answer:
His initial response of asking Americans to find their own paths to recovery and seeking voluntary business measures to stimulate the economy could not stem the tide of the Depression. The American public ultimately responded with anger and protest to Hoover's apparent inability to create solutions.
It was the only way for the British to understand that America was going to be free and independent.
<span>The main way that assistance is provided to states is through the grant system. If a state cannot generate enough income on its own and needs federal help, they can receive a Federal Grant.</span>
