Which of the Following Was a Problem Under the Articles

question 23

Multiple Choice

Which of the following was a problem under the Articles of Confederation?

• A)The national government was too strong compared to the states.
• B)Amendments were too easy to ratify.
• C)Congress imposed excessive taxes.-Consider This: Under the Articles,each state was largely independent and could generally establish their own policies.
• D)Congress lacked the authority to regulate commerce.

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Definitions:

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different buyers.

Economic Profits

The difference between total revenues and total costs, including both explicit and implicit costs, indicating the financial gain realized when accounting for opportunity costs.

Demand Schedule

A table that lists the quantity of a good all consumers in a market will buy at every different price.

Profit-Maximizing

Profit-Maximizing refers to a firm's strategy or behavior aimed at increasing its profits to the highest possible level, based on factors like price, production costs, and market demand.