The assertion is true. In a republic, laws are made by elected officials to control the economy.
How does the economy of a republic get shaped by its government?
The government permits people to run their own enterprises. Personal property ownership is prohibited by the government.
Government authorities enact laws to influence the economy through market control, producer benefits, and compliance with the law. The government imposes limitations or restrictions on commercial activity through regulation.
As a result, option (a) true is correct.
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Answer:
Leadership
Explanation:
Federalism in the United States, is referred to as the doctrine of shared sovereignty, it is the constitutional division of power between U.S. state governments and the federal government of the United States. While
Informal rules are unwritten, tacit rules that define acceptable roles and activities for varying individuals based on social norms, culture and historical factor.
Informal rules had an impact on American federalism in the area of political Leadership.
Leadership is act of motivating a people with common goal and mindsets and vision.
It is a norm to have leaders who guide the interest of the people, enforce the will of a state and execute projects for the common good of all. They ensure the social security of a people.
Leader, based on tradition ensures that taxes are payed to the the government and defaulters are brought to book. So this informal rule played a significant role in federalism in the United states
Suppose that at prices of $5, $4, $3, $2, and $1 for product Z, the corresponding quantities supplied are 7, 6, 5,4,3 units, res
Alchen [17]
Answer:
A)Improved technology for producing Z.
Explanation:
- which means automation of production, so when you will have mass production at low cost it will definitely result in a decrease of product cost.
- This shall consequently lead to an increase of the quantities of product Z produced because, the extra capital that comes from saving on the production costs shall be used to produce more goods.
- Since production shall have not cost any extra capital, the price shall remain constant.
Answer:
withdraw from commercial or social relations with (a country, organization, or person) as a punishment or protest.
Explanation:
