One of the Major Problems with the 1849 Constitution Was

question 9

Multiple Choice

One of the major problems with the 1849 Constitution was that

• A) the governor had too much power.
• B) there were too few provisions for taxes.
• C) the courts were separated into three branches.
• D) there was a one-house legislature.

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Definitions:

Government Intervention

Actions taken by the government to influence or directly control economic or market conditions.

External Costs

Costs incurred by third parties who are not involved in a transaction, often leading to market failure if not properly accounted for.

Perfect Information

A market condition where all participants have complete and identical information about the product, including its price and quality.

Minimum Imposed Price

An external intervention (usually by the government) to set a price floor, preventing the market price from falling below a certain level.