The Articles of Confederation (1777–1781) did all of the following except
(a) Tax the colonists to finance the central government
(b) Provide a formal means by which the colonists communicated and interacted
(c) Granted significant power to the colonial states
(d) Required negotiations for funding the War between the leaders of the American Revolution
and each colonial state
(a)
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The proposition that states that as output increases for one good in an economy that is on its production possibilities curve, the cost of additional units of the good on the horizontal axis will be greater and greater is the:
A) law of absolute advantage. B) law of increasing opportunity cost. C) law of policy ineffectiveness. D) law of demand.
According to the text, productivity is driven by all of the following EXCEPT:
A. physical capital. B. human capital. C. technological progress. D. natural resources.