How Could the American Army in the Early Years of the War

question 73

Multiple Choice

How could the American army in the early years of the War for Independence be characterized?

• A) It was a well-trained army with a strong tradition of bravery under fire.
• B) It was not trained to fight pitched battles against professional armies.
• C) It was buoyed by a string of exhilarating victories.
• D) It was uncoordinated because of the influence of foreign troops who did not speak English.
• E) It was floundering because of a lack of effective or respected leaders.

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Definitions:

Deadweight Loss

The reduction in economic productivity that happens when a good or service does not reach or cannot reach its equilibrium state.

Natural Monopoly

A market condition where a single firm can provide a good or service at a lower cost than any competitors, due to economies of scale.

Public Ownership

Public ownership denotes ownership by the government or a public entity, often applied to assets, utilities, or enterprises meant for public benefit.

Perfectly Competitive Markets

A market structure characterized by many buyers and sellers, homogenous products, and no barriers to entry or exit.