In His Farewell Address, George Washington Advised That the United

question 6

Multiple Choice

In his farewell address, George Washington advised that the United States should

• A) build upon its friendly relations with France.
• B) maintain a close alliance with Great Britain.
• C) steer clear of party factionalism and avoid foreign entanglements.
• D) act as an impartial arbitrator in international disputes.
• E) maintain a large standing army.

---

Definitions:

Total Revenue

The overall amount of money generated by a business or organization from its activities, without deducting any expenses.

Competitive Industry

An industry characterized by a large number of firms competing with each other, leading to efficient outcomes and low prices.

Cost Information

Data regarding the expenses incurred in the production, distribution, and sale of a product or the delivery of a service.

Demand Curve

A graphical representation showing the relationship between the price of a good and the amount of it that consumers are willing to purchase at different prices.