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The creation of a weak central government under the Articles of Confederation was a logical step for the new nation given that the colonists
Supply Curve
A graph that shows the relationship between the price of a good and the quantity of the good that producers are willing to supply.
Demand Curve
A representation that shows the quantity of a particular good or service that consumers are willing and able to purchase at various prices.
Government Intervention
Actions taken by the government to influence or directly control economic or market conditions.
External Costs
Costs incurred by third parties who are not involved in a transaction, often leading to market failure if not properly accounted for.
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