According to the theory of supply and demand, the market is self-adjusting and companies compete by prices, so the government should interfere as little as possible in the economy.
The government of Ronald Regan followed this logic and was considered a neoliberal government, which advocates reducing the taxation of companies as a form of incentive to production and consequently to the supply of economy, since the productive activity of the companies corresponds to the aggregate supply of an economy (everything that goes on sale in the market).
In addition to the reduction in corporate taxation, the economic package called "Reaganomics" implemented a reduction in public spending, a reduction in income taxation and a deregulation of the economy. The consequences were economic growth, but with increasing social inequality between rich and poor.
Thhe correct answer is letter A.
Explanation: Hull House is a United States shelter and social and cultural activity, founded in 1889 by Jane Addams and Ellen Gates Starr. Located on the west side of the city of Chicago. Hull House opened its doors to immigrants who were just arriving in the United States at that time.
This is true. Leaders in democratic societies are chosen by the means of an election, and when important things about governing are being made, the country has a referendum vote where everyone votes on something important. If it's not that important, then the leader decides.
Consider that market economy consists of an economic system in which the agents involved can act with little governmental interference, thus being a typically capitalist regime. Freedom is a central element in this type of economy, and free competition is what regulates the market in relation to established prices.
In turn, the production and consumption of goods and services occurs through the law of supply and demand, defined by sellers and buyers, respectively. In this type of economy, what motivates both sellers and buyers is precisely this element of supply and demand, in which products will be produced as demand is sought, and the common interest will be given by the interchange between economic value attributed to it.
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Strikes aren't a thing of the past. The Bureau of Labor Statistics reports that 20 major labor strikes occurred in 2018 and 25 occurred in 2019. Most of these strikes involved workers in the education, health care, and social service sectors.
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