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.
I think that it is the 2 because king Henry Bowers wives are not part of the direct cause of the revolution and I don’t think it was one orthree either
The correct answer to this open question is the following.
I agree with Lincoln's view of the proper role of government in that the government should be of service to all the citizens. That is why in a modern democracy such as the one in the United States, it is the citizens the ones who have the right to vote and elect their President and their representatives. Then, these representatives have to create the laws and legislation that protects and benefits the citizens, never to benefit the particular agendas of powerful interest groups.
The citizens have to respect and obey laws and support the government's decisions if the government is doing a good job to promote the economy and the creation of jobs.
Answer:
B. Should the Constitution include a list of rights guaranteed to citizens?
Explanation:
Essentially, the basis of the two sides were this: the federalists believed in a strong federal government, and thought the U.S. Constitution would be effective with the listed checks and balances. They were afraid of disorder, and believed a strong federal gov't was necessary to combat this. The anti-federalists believed an additional bill detailing the people's rights should be added because they distrusted the supposed checks and balances. They feared a strong central gov't would lead to an oppression similar to the British monarchy at the time.
