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federal system in the United States of America.
Describe the factors which account for an enormous
increase in power of the President of the United
States of America.
Does the emperor of Japan really rule the country?
Discuss the powers and position of the Emperor of
Japan.
Describe the structure, power and functions of the
Diet of Japan.
What is the National People's Congress of China?
Discuss its compositions, powers and position in the
in the country's political system
Critically elaborate Mao's Cultural Revolution with
special emphasis to its consequences.
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Answers
Answer:
The U.S. economy is marked by resilience, flexibility, and innovation. In the first decade of the 21st century, the economy was able to withstand a number of costly setbacks. These included the collapse of stock markets following an untenable run-up in technology shares, losses from corporate scandals, the September 11 attacks in 2001, wars in Afghanistan and Iraq, the devastation of Hurricane Katrina along the Gulf Coast near New Orleans in 2005, and the punishing economic downturn that became widely known as the Great Recession, which officially dated from December 2007 to June 2009 and was caused in part by a financial debacle related to subprime mortgages.
Explanation:
For the most part, the U.S. government plays only a small direct role in running the country’s economic enterprises. Businesses are free to hire or fire employees and open or close operations. Unlike the situation in many other countries, new products and innovative practices can be introduced with minimal bureaucratic delays. The government does, however, regulate various aspects of all U.S. industries. Federal agencies oversee worker safety and work conditions, air and water pollution, food and prescription drug safety, transportation safety, and automotive fuel economy—to name just a few examples. Moreover, the Social Security Administration operates the country’s pension system, which is funded through payroll taxes. The government also operates public health programs such as Medicaid (for the poor) and Medicare (for the elderly).
In an economy dominated by privately owned businesses, there are still some government-owned companies. These include the U.S. Postal Service, the Nuclear Regulatory Commission, Amtrak (formally the National Railroad Passenger Corporation), and the Tennessee Valley Authority.
Answer:
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