Answer:
I'm pretty sure It's A! :D
Explanation:
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.
The United States’ approach to foreign policy had not change conceptually from the days it signed its independence. These ideas were primarily based on protecting US interests overseas and restricting foreign influences in the Americas. Once they furthered themselves politically and
economically, they gained the status of being a world power and they still wanted more. They figured they had to strengthen the country industrially as they needed worldwide markets for its growing industrial and agricultural
surpluses as well as sources of raw materials for manufacturing. They could only achieve these foreign markets with more concentrated efforts on its foreign policy as America was principally guided by economic motives.
The internal economic growth of the United States made them want to look outward for foreign markets. Export earnings increased from 450 million to over a billion from 1870 to the early 1890’s. US business’s were soon
overpowering foreign competition as even American steelmakers could easily compete with any British producer in the world. Everything seemed to be inciting the US to expand abroad. Expansionists throughout America emphasized the resources of what other lands could provide and the wealth that could result from their establishment. For example, Cuba offered an abundance of sugar
plantations and land in Panama would offer America control of the canal.
The economic benefits of a foreign land can be seen through an example of Americans exploring the distant islands of Hawaii. During the course of the early 1800s, missionaries from America traversed on a laborious voyage to Hawaii and ended up settling there. They offered accounts of incredible economic opportunities and possibilities in the Hawaiian islands. Consequently, other Americans proceeded to Hawaii to become sugar planters and to establish lucrative businesses.
