MATCHING Match the Person or Term with the with the Correct

question 93

Multiple Choice

MATCHING
Match the person or term with the with the correct description.
-Crispus Attucks

• A)offered freedom to slaves if they fought for the British
• B)American traitor in command of West Point
• C)Letters from a Farmer in Pennsylvania
• D)British chancellor of the Exchequer
• E)Massachusetts lieutenant governor
• F)wrote Common Sense
• G)commander of the Continental army
• H)author of the Declaration of Independence
• I)British commander
• J)sailor who died in the Boston Massacre
• K)declared "Give me liberty,or give me death!"
• L)leader of the Green Mountain boys

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Definitions:

Purely Competitive

A market structure characterized by many buyers and sellers, where each seller is a price taker and homogeneous products are offered.

Market

An economic system that allows buyers and sellers to exchange goods and services, determining prices through the laws of supply and demand.

Deadweight Loss

signifies a loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.

Purely Competitive

A purely competitive market is one in which there are many buyers and sellers, all trading homogeneous products, with no single entity able to control the market price.