Which of the Following Economic Developments Occurred in the Years

question 22

Multiple Choice

Which of the following economic developments occurred in the years immediately following the American Revolution?

• A) The nation experienced record levels of deflation.
• B) Agriculture and trade were thriving, with the number of goods on the market at an all-time high.
• C) Some merchants hoarded goods, hoping to profit from shortages.
• D) Congress kept the states from fixing wages and prices under any circumstances.
• E) The concept of free trade was rejected under the new government, essentially without any debate.

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Definitions:

Assignee

The person or party to whom rights or interests have been transferred by another party, called the assignor.

Assignor

The party in an agreement who transfers rights or interests to another party, known as the assignee.

Cheque

A written, dated, and signed instrument that directs a bank to pay a specified sum of money to the bearer or to the order of a specified person.

Statutory Assignment

The transfer of rights or benefits from one party to another as per the specifications and regulations of statutory laws.