Thomas Is a Wealthy Shipping Merchant Who Is Part of the Constitutional

question 34

Multiple Choice

Thomas is a wealthy shipping merchant who is part of the Constitutional Convention in Philadelphia. Because of his profession, he is mostly concerned with how the new form of government will improve interstate and foreign commerce and wants to ensure that the plan that is adopted will benefit his interests. Which plan will Thomas likely favor?

• A) the Great Compromise
• B) the Virginia Plan
• C) the New Jersey Plan
• D) the Delaware Plan

Evaluate the effects of taxation on saving and spending behaviors.

Understand the administrative burden of taxes and its implications for taxpayers and the economy.

Identify the potential benefits of shifting the basis of taxation from income to consumption or other bases.

Understand the concepts of marginal and average tax rates.