Which of the Following Is True About Thomas Jefferson's Statement

question 104

Multiple Choice

Which of the following is true about Thomas Jefferson's statement, "that government is best which governs least"?

• A) It was made during a meeting with a Canadian prime minister.
• B) It was made during a visit to Canada.
• C) It would validate Canada's political system.
• D) Most Canadians would agree with it
• E) It would sound foreign to Canadians.

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Definitions:

Produces

The act or process of creating goods and services.

Loss

A situation in which expenses exceed revenues, leading to negative profit.

Monopolistic Competitor

In market economics, a monopolistic competitor refers to a company operating in a sector filled with competitors, yet it has enough differentiation to have some control over its pricing.

Downward Sloping

A description of a curve or line that shows a decrease in one variable as another variable increases, commonly seen in demand curves.