A __________ Exists When People Have a Sense of Common

question 11

Multiple Choice

A __________ exists when people have a sense of common identity due to a common origin, history, or ancestry, all of which the colonists shared.

• A) state
• B) nation
• C) union
• D) confederation
• E) country

---

Definitions:

Allocative Efficiency

A state of resource allocation where it is impossible to make any one individual better off without making at least one individual worse off.

Antitrust Laws

Regulations designed to promote competition and prevent monopolies by prohibiting business practices that restrict or control market competition.

Monopoly Power

The ability of a single seller or firm to influence and control the market price and total supply of a product or service, to the exclusion of competing firms.

Antitrust Regulators

Government authorities or agencies responsible for enforcing laws that prevent anticompetitive practices, monopolies, or other activities that restrict free competition.