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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.
Stalin was determined to capture West Berlin and gain concessions from the west.
1- The correct answer is A. Samuel Houston was the Texan leader who most supported the annexation to the United States. In fact, he was President of the Republic of Texas twice, and from his position he always fought for annexation, unlike others like Mirabeau Lamar. In addition, it is stated that Houston went to Texas sent by President Andrew Jackson to achieve annexation.
2- Houston argued that the annexation had to be carried out to respect the will and right of the Texan people (which were made up of American settlers) to decide the legal status of their territory. This argument is related to the right of self-determination of peoples, which I consider valid since it's theb population who has the power to decide on their future and that of the territory they inhabit and administer, not being the states able to make decisions contrary to the people and their will.
New England towns along the coast, the colonists made their living fishing, whaling, and shipbuilding.
