Answer:
Consumers must choose among alternative goods with their limited money incomes. The Utility Maximization rule states: consumers decide to allocate their money incomes so that the last dollar spent on each product purchased yields the same amount of extra marginal utility.
Answer:
He received a charter from Queen Elizabeth to create a colony.
Explanation:
"On March 25, 1584 Elizabeth granted explorer Sir Walter Raleigh a charter to colonize the area of North America that was the future Virginia Colony - currently the coast of North Carolina."
Answer:
The answer is stated below.
Explanation:
Strength
The Articles of Confederation came into force while the young nation was facing a wartime emergency. It serves as the first constitution of the United States and organized the war efforts of colonists. Congress had the ultimate power of declaring war, making treaties, maintaining foreign relations, and operating post offices.
Weakness
However, the authoritative British rule had the left the impression that as a strong central government would pose a threat to the ideals of democracy and individual liberties. Congress lacked the power to coin money, impose taxes and regulate interstate trade. The document gave Congress the authority to pass laws but no authority to enforce those laws.