The term that is defined as the maximum legal price for a good or service is the price ceiling.
Explanation:
A price ceiling happens once the government puts a legal limit on how high the worth of a product may be. so as for a price ceiling to be effective, it should be set below the natural market equilibrium. When a price ceiling is about, a shortage happens. For the worth that the ceiling is about at, there's a lot of demand than at the equilibrium worth. there's additionally less offer than at the stability worth, therefore there's a lot of amounts demanded than the amount provided. Associate degree inability happens, since at the worth ceiling amount equipped the marginal profit exceeds the distinctive cost. This inefficiency is adequate to the deadweight welfare loss.
Answer:
To remember the arrival of Jesus Christ in Jerusalem for the festivities of the Jewish Passover.
Explanation:
As the Gospels narrate, Jesus decides to go to Jerusalem with his disciples for the Jewish Passover. He knew what was going to happen. He would be apprehended by the pharisees and taken to the Romans to be punished. Lord Jesus knew his passion and death were approaching. He arrived in Jerusalem on a donkey, a scene that had been envisioned by prophet Isaiah and is found in the Old Testament.
During the 19th century, America had a strong reluctance to become involved in other countries alliances and affairs. Isolationists in America argued that the US had a different philosophy than European countries and the US should defend freedom and democracy by not being involved in such things.
During the Spanish-American War, the US remained isolated and the country fought the war without alliances and without fighting in Europe. But the mindset started to change since the motto of freedom and democracy was substituted by the US bringing an empire in the Caribbean and in the Pacific - the US had influence in the Phillippines, Puerto Rico and Guam -.
President Roosevelt had the big stick policy, he believed that the US should export its values and become a global power. At the same time, he defended that the US should avoid conflicts. President Roosevelt ended the isolationism in the US and started the modern American philosophy of acting aggressively in foreign affairs even without the support of the Congress.
Thomas Paine - The pamphlet of Common Sense.
Articles of Confederation. The Articles of Confederation and Perpetual Union was the first constitution of the United States.
