When It Came to the Revolution,it Could Be Said That

question 34

Multiple Choice

When it came to the Revolution,it could be said that the American colonists

• A) were perpetually hostile to authority.
• B) believed that revolution was a necessary step in human progress.
• C) based their revolt on working class hostility to British aristocracy.
• D) revolted against the cultural domination of the mother country.
• E) were reluctant revolutionaries.

---

Definitions:

Efficient

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

Marginal Benefit

Marginal benefit is the additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.

Social Cost

The total cost to society, including both private costs borne by the producer and external costs borne by others, of producing a good or service.

Perfectly Competitive

A market structure characterized by a large number of buyers and sellers, all selling identical products, with no single entity able to influence the market price.