Which of the Following Is True of Macon's Bill Number

question 63

Multiple Choice

Which of the following is true of Macon's Bill Number 2?

• A) It was designed to intimidate both the British and the French by indicating American willingness to go to war.
• B) It reopened trade with Britain and France, but it stipulated that if either nation agreed to respect America's commercial rights the president could end commerce with the other.
• C) It advocated the creation of a league of armed neutral nations.
• D) It authorized the president to sign a military alliance with whichever nation agreed to respect American rights.

---

Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in a balance between production and consumption.

Equilibrium Quantity

The volume of commodities or services provided that coincides with the volume requested at the price of market balance.

Normal Good

A normal good is one whose demand increases when consumers' incomes increase and falls when incomes decrease, all else being equal.

Equilibrium Quantity

The quantity of a good or service at which supply and demand are balanced in a market.