The United States sent Matthew Perry and seven warships to Japan to sign the Convention of Kanagawa, the treaty allowing trade between the United States and Japan.
Answer: Economic growth will be negatively affected as there will be a decline in the demand for goods and services.
Explanation:
Economic growth is the increase in the output of goods and services in the economy. A consumption tax on goods consumed would lead to an increase in price which in turn, leads to a fall in the real income of comsumers.
The fall in real income of consumers will lead to reduction in the demand of goods which will also lead to the reduction in the GDP of a country.
Paper money is made out of trees, and wood is also made from trees.
1st one is Confucianism
2nd one is Legalism
3rd one is Taoism
I. not sure but that question was on my exam and it was south Africa
