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.
Answer: It was predictably in Greece that sports were first instituted formally, with the first Olympic Games recorded in 776 BCE in Olympia, where they were celebrated until 393 CE. These games took place every four years, or Olympiad, which became a unit of time in historical chronologies.
Explanation:
Answer:
Kennedy spoke his famous words, "ask not what your country can do for you, ask what you can do for your country." This use of chiasmus can be seen even as a thesis statement of his speech – a call to action for the public to do what is right for the greater good.
Explanation:
Answer: A marble temple that stands at the edge of the sea.
Explanation:
It is part of the monumental temple built by this civilization. The temple was built in several stages and contained a component connected to the beaches. This building is connected to the beaches and has the appearance of the letter U. The interior of this building is imbued with the sacred elements and religious habits of the people. The site is today under UNESCO protection.
B. The companies charged with tax fraud were generally family owned and based in one state
