The Following Questions Are Based on the Excerpt Below

question 42

Multiple Choice

The following questions are based on the excerpt below.
"Behold you then,...establishing the liberties of your country...may heaven favor your cause,and make you the channel thro'which it may pour it's [sic] favors while you are exterminating the monster aristocracy,& pulling out the teeth & fangs...What are you doing for your colonies? They will be lost if not more effectually succoured.Indeed no future efforts you can make will ever be able to reduce the blacks... We as sincerely wish their restoration,and their connection with you,...satisfied that neither your justice nor their distresses will ever again permit their being forced to seek at dear & distant markets those first necessaries of life which they may have at cheaper markets placed by nature at their door,& formed by her for their support."
Thomas Jefferson, letter to the Marquis de Lafayette in response to the French (and Haitian) Revolution, 1791
-Debate in the United States over world events like those mentioned in the passage led to

• A) the demise of the Articles of Confederation.
• B) the development of political parties.
• C) the accelerating settlement of the American frontier.
• D) the adoption of the Bill of Rights.

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Definitions:

Commodities

Fundamental products utilized in business transactions that can be exchanged with similar types of items.

Utility Function

A representation of how different combinations of goods or services produce levels of happiness or satisfaction for an individual or entity.

Commodities

Fundamental products utilized in trade that can be substituted with similar types of goods, commonly employed as components in manufacturing other products or services.

Perfect Market

An idealized market where all participants have equal access to information, there are no transaction costs, and buyers and sellers are too numerous to affect prices.