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.
<span>A. It is a joint process of the executive branch and Congress.</span>
Time-study analysis
Computer-controlled robotics,
GPS device,
assembly lines
Answer:
Answer is d. secondary analysis
Explanation:
I hope it's helpful!
Answer:
Letter D. Distrustful
Explanation:
From the second half of the 18th century onwards, after the English victory in the Seven Years' War, the English economy was extremely shaken by the expenses with the war. With that, the eyes of the English Crown turned to its 13 colonies in America. The English Crown aimed at the urgent application of mercantilist legislation in the English colonies.
In addition, with the advent of the Industrial Revolution, England needed markets, but because of the relative colonial autonomy (healthy neglect) they always had, the colonies were never consumers of metropolitan production.
Thus, the Crown issued numerous decrees, considerably restricting the relative autonomy of both the northern and southern colonies. It was essential for England to transform its colonies into consumer markets for English production. This situation led the metropolis to close the siege by inspecting the colonies, instituting a series of taxes. How: The Sugar Law, the Stamp Law, the Tea Law, and the Intolerable Laws.
Revolted, the colonists did not accept the impositions adopted by the English Crown. In this climate of dissatisfaction and revolt among the colonists, libertarian ideals influenced by Enlightenment thinkers emerged. Aware of their strength, they refused to pay the fees and turned a blind eye to the taxed products. England was not prepared to negotiate and the clash between the colonists and the metropolis was inevitable. These factors triggered the war of independence for the 13 English colonies.
