Just What Sort of Commerce Congress Could Regulate Between the States

question 2

Multiple Choice

Just what sort of commerce Congress could regulate between the states was not spelled out in the U.S. Constitution because

• A) no consensus existed.
• B) of an oversight.
• C) commerce was a new phenomenon.
• D) slavery was involved.
• E) New York delegates refused to allow discussion on the matter.

---

Definitions:

Public Good

A product or service that is provided without profit for the benefit of all members of a society, characterized by its non-excludability and non-rivalry in consumption.

Marginal Benefit Curve

A graphical representation that shows how the benefit to consumers changes as the quantity of a good or service increases.

Private Market

A segment of the economy composed of companies and financial transactions that are not regulated by the government.

Marginal Social Benefit

An increase in the total benefit to society resulting from a one-unit increase in the production of a good or service.