The Main Way in Which Individual States Competed with Each

question 40

Multiple Choice

The main way in which individual states competed with each other under the Articles of Confederation was through

• A) undercutting prices of goods also produced in other states.
• B) the implementation of higher tariffs on goods entering their respective states.
• C) non-importation of goods from neighboring states.
• D) jostling for the small amounts of money available for loans by the federal government.
• E) lowering their respective tariffs on goods from other countries.

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Definitions:

Periodic Interest Rate

The interest rate applied to a loan or investment over a specific period of time, shorter than a year.

Annuity

A fiscal tool that guarantees fixed periodic payments to a beneficiary, usually as a component of retirement planning.

Payment Interval

The interval at which payments are issued, like monthly, every three months, or once a year.

Periodic Interest Rate

The interest rate charged or paid over a particular period of time, often less than a year, such as monthly or quarterly.