Under the Articles of Confederation

question 91

Multiple Choice

Under the Articles of Confederation,

• A) each state had one vote in Congress.
• B) all states had to approve any important measure.
• C) there could be no amendments to the Articles.
• D) no legislation could be passed without all states voting on the issue.
• E) the executive had the power to veto legislative decisions.

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Definitions:

Highly Concentrated

Refers to a situation or market in which a few entities or businesses hold a large majority of market share or influence.

Market's Domination

A condition in which one or more firms hold a significant share of the total market sales, limiting competition and possibly leading to higher prices or lower quality for consumers.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power.

Inefficiencies

Inefficiencies refer to situations where resources are not used in the most effective way, leading to wasted potential in production, distribution, or allocation of goods and services.