Which of the Following Is NOT Considered a Weakness of the Articles

question 1

Multiple Choice

Which of the following is NOT considered a weakness of the Articles of Confederation?

• A) The creation of a nationwide postal service
• B) The federal government's lack of authority to raise troops
• C) The executive branch's lack of authority to enforce laws
• D) The sovereignty of states in relations with the federal government
• E) The inability of Congress to raise an army by its own power

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Definitions:

Long-run Minimum

pertains to the lowest level of input costs or output prices a firm can achieve over a period during which all input factors are variable.

Monopolistic Competition

A market structure characterized by many firms producing slightly differentiated products, leading to competitive prices and some degree of market power for each firm.

Relatively Elastic

Describes a situation in which the quantity demanded or supplied responds significantly to changes in price.

Oligopoly

A market structure characterized by a small number of firms dominating the market, leading to limited competition and often strategic behavior amongst competitors.