"Trickle-down": supply-side economics creates tax cuts for the wealthy.
Supply-side economics suggests tax cuts for the wealthy. Those tax cuts will be used to create new jobs. New jobs will give more money to the middle-class.
This economic policy makes sense in theory and in some cases the tax cuts resulted in more jobs and higher wages. However, mostly it led to a large gap in wealth as the wealthy kept the money instead of reinvesting in jobs and wages. Eventually as the US moved industry overseas, tax cuts for the wealthy meant the expansion of jobs overseas instead of American jobs. Meanwhile the middle-class pay higher taxes to make up for the loss of taxes from the upper class.
The main political unit that emerged in the world is A. the state. A state is defined as a territory or land in which a defined number of constituents is ruled over a governing body that follows and implements a system without following necessarily a superior power. I think this is powerful enough.
Answer:
The answer for question 1 is Option B -- Great Compromise. The answer for question 2 is option D -- James Madison.
Article of confederation.
"<span>C) an "invisible hand" that regulates free markets" is perhaps the most famous and strongest component of society that Adam Smith advocated for.</span>
