Business, 20.08.2019 21:50 dondre54

Which of the following is a principle of the us economic system?
a. freedom from tyranny
b. consumer sovereignty
c. right to bear arms
d. government regulation

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Answer from: deena7

The US economic system is based on Consumer Sovereignty.

The basis for this is that the government does NOT regulate the economic system, rather it is done by economists, companies, banks, consumers, producers, etc. Freedom from tyranny is true but has nothing to do with the economic system, and the right to bear arms is the second amendment.

Answer from: Quest

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

Answer from: Quest

Answer:

the correct answer is economics is a game without winners or losers.

explanation:

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

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Which of the following is a principle of the us economic system?
a. freedom from tyranny

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