The Articles of Confederation Provided a Set of Rules and Procedures

question 30

Multiple Choice

The Articles of Confederation provided a set of rules and procedures that provided incentives for states to compete with each other for foreign commerce. This effect of the Articles best reflects which principle of politics?

• A)the institution principle
• B)the policy principle
• C)the history principle
• D)the collective action principle

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Definitions:

Collusion Model

A framework describing how firms may work together, often secretly, to control prices or market conditions, typically to reduce competition and increase profits.

Monopoly

A market structure characterized by a single seller or producer dominating the entire market, with no close substitutes for the product or service offered.

Behavioural Agent

An entity in software or computing that acts autonomously in an environment by responding to sensory inputs with actions that maximize its chance of achieving designated goals.

Managerial Agent

A person who makes decisions and acts on behalf of the owners of a company, typically within the framework of agency theory.