American colonists, frustrated and angry at Britain for imposing “taxation without representation,” dumped 342 chests of tea, imported by the British East India Company into the harbor. The event was the first major act of defiance to British rule over the colonists.
Answer:
The people can dictate what the Constitution says.
Explanation:
The Constitutional amendment is called the ultimate check because "the people can dictate what the Constitution says."
This is because the process of Constitutional amendment in the United States involves the approval of the majority at both all the state legislatures in the country and the Congress including both the Senate and House of Representatives.
By involving a large number of elected representatives in determining the constitutional amendment, it is then concluded that the Constitutional Amendment is the Ultimate Check.
The government securities that are used in open market operations<span> are Treasury bills, bonds and notes.... Therefore, if the FOMC wants to decrease the </span>money supply<span>, it will sell securities. To </span>increase the money supply<span> in the </span>market<span>, the FOMC will purchase securities from banks.</span>
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Explanation:
The Unites States has a higher gross domestic product when compared to other developed countries
Gross domestic product is an economic indicator that represents the value of all goods and services produced by a country during a given period (usually one year) used to measure the wealth that a country generates.
For example, in 2019, the GDP of the United States was about 21.4 trillion dollars, while the GDP of other developed countries such as China was about 14.3 trillion dollars, and Japan had a GDP of about 5 trillion dollars. From the above, it can be United States has a higher gross domestic product.
On the other hand, United States does not have the highest standard of living because countries such as finland have a higher standard of living, still United States has a relative unemployment rate and its economy is based in the gold standard.
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