Answer:
In our present American free enterprise economic system:
Some people want to see pure capitalism being put in place. This means that there is no government interference with the workings of the economy. Some others, including the government, have understood that there is no perfect capitalism. As such, they call for government intervention to ensure that economic crises are not allowed free reign.
Adam Smith, as a philosopher, vehemently advocated for a free market economy without any form of government interference. He did not even support the imposition of taxes by the government. John Maynard Keynes also supported a free market economy, but he advocated for some government intervention from time to time. John Keynes stated that government must intervene during economic crises through subsidies.
Explanation:
Adam Smith elevated the economic theory of laissez-faire. He noted that the free markets needed only the invisible hand to regulate themselves by means of competition, supply and demand, and self-interest. John Keynes advocated for increased government expenditures and lowering of taxes as two important means to stimulate market demand and pull the global economy out of depression.
The viability of Cattle Supply’s exporting strategy could be constrained by transportation costs, particularly of products that can be produced in almost any location and have a <u>low value-to-weight ratio</u>.
<h3>What is the meaning of a low value-to-weight ratio?</h3>
A low value-to-weight ratio is the comparison of the monetary value of an item versus its weight.
For example, before Cattle Supply Inc. can successfully adopt an exporting strategy, it must consider that its dairy farming equipment has low monetary value when compared with the weight, especially in transportation costs.
Though exporting should offer Cattle Supply Inc. the prospect of new markets, improved sales and profits, and a greater customer spread, it should not export when its product has a low-value-to-weight ratio.
Thus, the viability of Cattle Supply’s exporting strategy could be constrained by transportation costs, particularly of products that can be produced in almost any location and have a <u>low value-to-weight ratio</u>.
Learn more about exporting strategies at brainly.com/question/26783042
The first one is c and the second one is b