The Following Questions Are Based on the Excerpt Below

question 2

Multiple Choice

The following questions are based on the excerpt below.
"From decades of debate on the colonists' right to self-government,popular sovereignty had emerged as the basic principle of legitimate government. But how was this principle to be realized in practice? ...Whig social contract theory specified that sovereignty resided in the will of the majority of the participants in the contract,limited only by the individual member's right to life,liberty,and property. Applied to the colonies,the question was,who were the legitimate participants in the new polity based on contract?"
Willi Paul Adams,The First American Constitutions,1980
-Which of the following political features of American government is best explained by the description of founding principles in the passage above?

• A) The concentration of power in the hands of the legislatures
• B) The limitations placed on the power of the executive
• C) The decision not to include a Bill of Rights in the original Constitution
• D) The abolition of the slave trade

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Definitions:

Unregulated Level

Typically refers to a state in which market activities or specific industries operate without government-imposed controls or restrictions.

Marginal Cost

The growth in aggregate costs resulting from the manufacture of an additional product or service unit.

Externalities

Economic side effects or consequences of commercial activities that affect other parties without being reflected in the costs of the goods or services involved.

Efficient Level

The efficient level refers to the optimal point of production or service provision where the cost of resources is minimized and the satisfaction or benefit to consumers is maximized.