3) Consumer sovereignty concerns the principle of hedonism, individualism and, as some economists often say, selfishness, or exacerbated individual freedom, where the human being has complete freedom to do, whatever he wants and understands and, anywhere, nothing interferes with the decisions of those who need to satisfy their needs. This economic philosophy adopts the principle of laissez faire, or in other words, what works is Adam Smith's infamous <u>invisible hand</u>, or more clearly, the system where the government does not interfere in the economy, it exists only to coordinate the political and social system, without active participation in the development of economic activity. It is what is called in the classic and neoclassical language, an economy of free competition, that is to say, everyone is free before their preferred choices.
4) The economic system in the US is <u>free enterprise.</u> Free enterprise is a principle that establishes the possibility for ordinary people to participate in the market without the need for authorization or approval by the State. If you have the possibility to open a company, sell a product and negotiate the price that is right for you, you owe it to the principle of free enterprise.
The government has a fundamental role in the economic system, such as legislating, placing wealth in the market, as well as inspecting these systems.
5) The price floor wage is the lowest wage a company can pay for an employee. It is established by law and is reassessed every year based on the cost of living of the population, its creation was made based on the minimum amount that a person spends to guarantee their survival.
The most common price floor is the minimum wage--a minimum price that can be payed for labor.
Income tax is how much you income on that respective you have to pay taxes.The more you income the more you have to pay on the other hand tariff basically based on export and import tax that u have to pay.suppose toyota company exports their cars all over the world then they should be pay a certain amount of money to exports their cars .so hopefully u get some difference between those two.
Answer: C
Explanation: The Bantu form an African ethnic group that inhabit the southern African region of the Sahara Desert. Most of the more than 300 ethnic subgroups are farmers, who also live on fishing and hunting.
It was problematic because a large number of tribes supported Britain in the war so now that the Colonies were free it was up to them to have diplomatic relations with the natives that fought against them. The Natives weren't even invited so any territorial acquisition that occurred was done without them and they lived on those territories.
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Answer:
Unions were seen as a possibly illegal way to coerce employers into giving in to worker demands. the federal government took the side of employers, doing such things as issuing injunctions against strikes and even sending in troops to help break strikes up.
Explanation:
