Thomas Jefferson Described the Concept of Limited Government as "_____________________

question 5

Multiple Choice

Thomas Jefferson described the concept of limited government as "_____________________."

• A) The state government is limited in its ability to tax its citizens
• B) No federal government can circumvent the power of the states
• C) The government that governs least governs best
• D) The state government is subservient to the federal government
• E) There are limits to the powers that the state can exercise

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Definitions:

Opportunity Cost

Represents the value of the best alternative that is forgone when a decision is made.

Unit(s)

The fundamental measurement or quantity of a good, service, or economic variable used as a standard or baseline for transactions, assessments, or calculations.

Toys

Objects designed for play or amusement, often targeted towards children.

Heckscher-Ohlin Model

A model in international trade theory that explains patterns of trade between countries based on their differences in factor endowments.