-What Conclusion Can Be Made About the New Federal Government

question 46

Multiple Choice

-What conclusion can be made about the new federal government created by the Constitution?

• A) The people had greater power in selecting a chief executive.
• B) The federal government was more powerful than it had been under the Articles of Confederation.
• C) The federal government continued to lack any power over economic matters.
• D) The interests of the larger states were better served under the Constitution than under the Articles of Confederation.

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Definitions:

Positive Externality

A benefit that is enjoyed by a third-party as a result of an economic transaction, without them necessarily being involved in the transaction.

Marginal Social Benefit

Sum of the marginal private benefit plus the marginal external benefit.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded.

Abatement

The reduction or removal of environmental pollutants or negative externalities to improve environmental quality.