4 because it says that they were fine before them
One result of high US tariff on imported goods is : D. Great britain and france struggled to repay their war Debt
by increasing the tariff of US imported goods, it's hard for britain and france to sell their goods in united states because the end price of the good would be too high compared to local product
hope this helps
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:
The Virginia Plan was a proposal to establish a bicameral (two-branch) legislature in the newly founded United States. Drafted by James Madison in 1787, the plan recommended that states be represented based upon their population numbers, and it also called for the creation of three branches of government. While the Virginia Plan was not adopted in full, parts of the proposal were incorporated into the Great Compromise of 1787, which laid the foundation for the creation of the U.S. Constitution.
The states that supported the Virginia plan were large states like New york. The representatives knew that the provisions would give large states more influence in congress. Sen. Chistopher D. Martin(D-Ga) as well as Virginia, Massachusetts, Pennsylvania, North Carolina, South Carolina,...
The New Jersey Plan was a proposal for the structure of the U.S. federal government put forward by William Paterson at the Constitutional Convention in 1787. The proposal was a response to the Virginia Plan, which Paterson believed would put too much power in large states to the disadvantage of smaller states. The small colonies supported the New Jersey Plan. They favored this plan because it proposed a Congress that was unicameral (having one house) and each state would have the same number of representatives or votes.
The Great Compromise, also known as the Connecticut Compromise, the Great Compromise of 1787, or the Sherman Compromise, was an agreement made between large and small states which partly defined the representation each state would have under the United States Constitution, as well as in legislature. It occurred in 1787. The Connecticut Compromise resulted from a debate among delegates on how each state could have representation in the Congress. The Great Compromise led to the creation of a two-chambered Congress. Also created was the House of Representative which is determined by a state’s population. The agreement retained the bicameral legislature, but the upper house had to change to accommodate two senators to represent each state. The deal reshaped the American government structure striking a balance between the highly populated states and their demands while at the same time taking into consideration the less-populous state and their interests.
