Which of the Following Is the Weakest of Political Unions

question 70

Multiple Choice

Which of the following is the weakest of political unions that is mostly based on economic history and a sense of tradition?

• A) A conglomerate
• B) A community
• C) A commonwealth
• D) A proprietary colony
• E) A trade association

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Definitions:

Economic Reasoning

The process of making decisions based on costs, benefits, and incentives in an effort to maximize benefits while minimizing costs.

Empirical Economics

The branch of economics that focuses on using data and statistical methods to test hypotheses and build economic theories.

Statistical Techniques

Mathematical methods applied to analyze, interpret, and make inferences from data.

Positive Statement

An objective statement that can be tested, based on factual information and data, without any value judgments.