Under the Articles of Confederation,
a. only the federal government could issue paper money.
b. only the federal government had the power to levy taxes.
c. the federal government was ultimately responsible any debts incurred by the states.
d. the federal government had a difficult time negotiating military and economic treaties with other nations.
e. All of the above.
d. the federal government had a difficult time negotiating military and economic treaties with other nations.
You might also like to view...
The income velocity of money is the absolute number of times, on average, that
A) people purchase goods and services during a year. B) each monetary unit is spent on final goods and services. C) each unit of real GDP is produced by business firms. D) each one-unit increase in the price level occurs.
A production possibilities curve that is linear (a straight line):
a. illustrates a tradeoff in which opportunity cost of a good increases with the level of its production. b. illustrates a tradeoff in which the opportunity cost of a good decreases with the level of its production. c. illustrates a tradeoff in which the opportunity cost of a good is constant at all levels of production. d. demonstrates the fallacy of composition.