The Following Questions Are Based on the Excerpt Below

question 25

Multiple Choice

The following questions are based on the excerpt below.
"There is I think great danger that [the new United States government] will be [a failure] unless the tottering system shall be supported by arms...
What is the cause of this commotion [in Western Massachusetts]? [The farmers] just complained of commutation,of the weight of the public taxes,of the insupportable debt of the union,of the scarcity of money,and of the cruelty of suffering the private creditors to call for their just dues....The proportion of debtors run high in this State.Too many of them are against the government.The men of property,and the holders of the public securities are generally abettors of our present constitution."
Benjamin Lincoln,letter to George Washington,1786
-This conflict described in this letter reveals the tension between

• A) frontiersmen and the elites over the role of government.
• B) white settlers and the Native Americans over trade agreements.
• C) British Loyalists and American revolutionaries over the legacy of the Revolution.
• D) Northern and Southern colonists over the nation's economic policies.

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Definitions:

Opportunity Costs

The cost of foregoing the next best alternative when making a decision. It represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Fixed Costs

Expenses that do not change with the level of goods or services produced over the short term.

Variable Costs

Costs that vary directly with the level of production or business activity, such as raw materials, packaging, and labor directly involved in a company's manufacturing process.

Sunk Costs

Expenses that have already been incurred and cannot be recovered or altered, and should not be considered in future business decisions.