A Confederation

question 9

Multiple Choice

A confederation

• A) is defined as a single sovereign state.
• B) consists of two or more governments that are legally bound to each other by contract.
• C) may be defined as a league of independent states that voluntarily unite to achieve certain goals.
• D) is a constitutional arrangement whereby two or more governments are required to cooperate.
• E) is a state of political rebellion.

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Definitions:

Efficiency Wages

Higher-than-market wages paid by employers to increase worker productivity, morale, and retention.

Below-equilibrium Levels

Refers to a situation where the quantity of a good or service demanded exceeds the quantity supplied at a given price, typically leading to shortages.

Labor Unions

Organizations formed by workers to protect their rights and interests, often through collective bargaining for better wages, working conditions, and benefits.

Wage Rates

The standard amount of pay given for work performed, typically expressed in terms of an hourly, daily, or piece rate.