One of the Major Criticisms of the Constitution, as Drafted

question 89

Multiple Choice

One of the major criticisms of the Constitution, as drafted in Philadelphia, was that it

• A) was too long and detailed.
• B) was far too short and required more detail.
• C) failed to guarantee property rights.
• D) failed to provide a mechanism for amendment.
• E) did not provide guarantees for individual rights.

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Definitions:

Wholesale Price

The cost of goods sold in large quantities to retailers or distributors for the purpose of resale.

Third-Degree Price Discrimination

A pricing strategy where different prices are charged to different groups of consumers based on their willingness to pay.

Marginal Revenue

The additional income generated from the sale of one more unit of a product or service.

Marginal Cost

Marginal cost refers to the increase in total cost that arises when the quantity produced is incremented by one unit.