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Ratification of the Constitution Was Not an Easy Thing to Accomplish.Discuss

question 52

Essay

Ratification of the Constitution was not an easy thing to accomplish.Discuss the positions of the various states and their reasons for or against ratification.


Definitions:

Subsidy

Payment reducing the buyer’s price below the seller’s price; i.e., a negative tax.

Labor Market

The labor market is the arena in which employers seek to hire labor and workers seek employment, and where wage rates are determined by supply and demand for labor.

Monopsonist

A market condition where a single buyer substantially controls the market as the major purchaser of goods and services.

Workers Hired

The number of employees that businesses employ or bring into their workforce.

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