The Colonists Faced All of the Following Weaknesses in the War

question 64

Multiple Choice

The colonists faced all of the following weaknesses in the War for Independence EXCEPT

• A) poor organization.
• B) colonial disunity and weak central authority.
• C) a weak economy and lack of military supplies.
• D) the necessity of employing European officers.
• E) a poorly trained militia and few professional soldiers.

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Definitions:

Long-Run Aggregate Supply Curve

A graphical representation showing an economy's productive capacity and output when all resources are fully employed, assuming no fixed factors of production.

Velocity of Money

The velocity of money measures the rate at which money circulates in the economy, indicating how frequently units of currency are used to purchase domestically-produced goods and services within a given time period.

Commercial Innovation

A process or outcome that introduces new methods, products, or ideas into the market, improving efficiency, productivity, or offering new benefits to consumers.

Inflation Rate

The percentage increase in the general level of prices for goods and services in an economy over a period.