One Serious Economic Problem Under the Articles of Confederation Was

question 34

Multiple Choice

One serious economic problem under the Articles of Confederation was:

• A)a scarcity of good farmland.
• B)a shortage of "hard money."
• C)the impossibility of obtaining credit.
• D)excessively high income taxes.
• E)low wages caused by an oversupply of labor.

Understand the different schools of thought and theories relating to political power and democracy.

Identify and describe the preconditions and dynamics of liberal democracies.

Recognize the impact of regional, ethnic, and class dynamics on politics.

Comprehend the ways in which military power and conflict influence democratic nations.

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Definitions:

Market Entry

The strategy or process by which a company enters a new market.

Market Exit

The process of a company stopping its business operations or leaving a market, often due to unprofitability or strategic realignment.

Concentrated Industry

An industry characterized by a few firms controlling a large market share, leading to reduced competition.

Relatively Small

A comparative term indicating that something is smaller in size, amount, or degree when compared to others in a similar context.