Answer:
AMERICANS do not go in for envy. The gap between rich and poor is bigger than in any other advanced country, but most people are unconcerned. Whereas Europeans fret about the way the economic pie is divided, Americans want to join the rich, not soak them. Eight out of ten, more than anywhere else, believe that though you may start poor, if you work hard, you can make pots of money. It is a central part of the American Dream.
The political consensus, therefore, has sought to pursue economic growth rather than the redistribution of income, in keeping with John Kennedy's adage that “a rising tide lifts all boats.” The tide has been rising fast recently. Thanks to a jump in productivity growth after 1995, America's economy has outpaced other rich countries' for a decade. Its workers now produce over 30% more each hour they work than ten years ago. In the late 1990s everybody shared in this boom. Though incomes were rising fastest at the top, all workers' wages far outpaced inflation.
Explanation:
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Answer:
A by causing real median household incomes to decline
C by limiting consumer choice
Explanation:
Negative effects of trade barriers (protectionism) policies include the following:
- weakening competition in the domestic market, and, consequently, incentives to improve production decsrease;
- the welfare of the population is decreasing due the rise in price of imported goods and the relative high cost of domestic goods, the deterioration of the quality of domestic goods, and the restriction of the freedom of choice of consumers;
- the country will suffer large losses due to the non-use of the absolute and relative advantages of the international division of labor and exchange.
This is confirmed, in particular, by the fact that after the Second World War, the gradual removal of trade barriers, such as tariffs and quotas, stimulated growth and increased the level of welfare wherever this happened, partly due to the expansion of the choice of goods for the population at lower prices. More importantly, trade also had a powerful beneficial effect on productivity, that is, on the efficient use of world resources for the production of economic goods.
Bleeding Kansas describes the period of repeated outbreaks of violent guerrilla warfare between pro-slavery and anti-slavery forces following the creation of the new territory of Kansas in 1854. In all, some 55 people were killed between 1855 and 1859
Three similarities: 1.Catawba, Cherokee and Yamassee all these three tribes belong to native american, 2. They were eastern woodland tribes of South Carolina, 3. They all spoke in same language.
Difference: 1. Though these three tribe lived in South Carolina but physiographically their location was different. Catawba lived in piedmont region, Cherokee lived in mountains and Yamassee lived in Coastal region.
Explanation:
Catawba, Cherokee and Yamassee all these three tribes lived in South Carolina. They were all native americans. They used to live in different physiographic unit like Catawba lived in Piedmont zone that is the bottom of mountain. Cherokee lived in mountain area and Yammasse lived in coastal areas.
Catawba known as river people, Cherokees are real people, Yammasse are coastal people. These tribal people used same languages for communication and do hunting, gathering, pottering for earning livelihood.
