<span>Johnson dubbed the domestic program the "Great Society" -- a sweeping set of New Dealish economic and welfare measures aimed at transforming the American way of life.</span>
Answer:
I am not going to provide a whole annotated bibliography for that would be cheating. But I can recommend resources for you to use!
Explanation:
- Wikipedia citations (don't use Wiki as an actual source but use the sources they use)
- Google Scholar
- Library resources
- EasyBib to make your bibliography
The correct answer is C) reduce the economic hegemony of the global north.
The emergence of the BRICS (Brazil, Russia, India, China, South Africa) countries has the potential to most likely reduce the economic hegemony of the global north.
For many years the northern hemisphere nations such as Western Europe, the United States, and Canada have dominated trade and the economic world in general.
However, experts have considered that the advent of the BRICS (Brazil, Russia, India, China, South Africa) can represent an important block to seriously compete with those northern hemisphere powers due to the size of their markets and cheap labor.
Although those BRICS countries have interesting numbers in Macroeconomy, they still have very poor people that in Microeconomics that contrasts the Macroeconomy scenario.
Answer:
1) A progressive tax is defined as a tax whose rate increases as the payer's income increases. That is, individuals who earn high incomes have a greater proportion of their incomes taken to pay the tax. A regressive tax, on the other hand, is one whose rate increases as the payer's income decreases.
2) The government has few choices of action to protect its domestic industries. It can implement trade barriers as for example the import quotas and tariffs on imported goods. The two are both lower the consumer's welfare. The tariffs usually would increase the prices of imported goods, therefore consumers would choose the domestic good, meanwhile the import quotas decrease the supply of imports and consumers are obligated to purchase domestic goods of prices higher than the imported goods.
3) Public good is a commodity or service that is provided without profit to all members of a society while private goods is a product that must be purchased to be consumed. There are few reasons for which the government's action is necessary to ensure the provision of public goods such as the very efficiency of this action, the goods and services might be beneficial not only for the purchaser, but other individuals, the value of the good and service becomes greater than what an individual can pay, and also it boosts the economic equity.
4) The government applies equal taxes and regulations to protect the competition. It needs to apply those in order to prevent the creation of monopoly.
5) The censorship has at its core to prevent or to minimalism one's knowledge or access to a product, therefore as a consequence it can increase the prices and have negative consequences on companies and economy in general.
