Answer:
Households and firms have four main interactions with each other, according to the circular flow of the economy.
Explanation:
Households sell or rent the factors of production to firms (labor and capital), and firms use these factors to produce goods and services which they in turn sell to households.
Firms pay households for these factors of production in the form of wages (to pay for labor), or rent and dividends (to pay for capital). Households in turn, spend money in the goods and services that the firms produce, which forms the consumer expenditure component of Gross Domestic Product.
Answer:
the Vietnam war and Tet offensive are major cause of loosing faith in political system
Explanation:
During the time between 1960s and 1970s, there were many factor involved due to which people lose faith in the political system. The Vietnam war is one of them. Ii is because there is large difference in information given by government agencies and what people observe from ground zero and this lead to widened the gap between the government and people.
Moreover, when the Tet Offensive (SERIES OF ATTACKS ) was introduced in 1968 by North Vietnam, the masses started to question the government authenticity.
On June 28, 1914, in an event that is widely regarded as sparking the outbreak of World War I, Archduke Franz Ferdinand, heir to the Austro-Hungarian empire, was shot to death with his wife by Bosnian Serb Gavrilo Princip in Sarajevo, Bosnia.
Answer:
Explanation:
Which measures did President Carter propose to help the US economy in the late 1970s? decreasing government spending. challenging the oil embargo.
