Benjamin Franklin's Plan for Colonial Home Rule Was Rejected by the Individual

question 25

Multiple Choice

Benjamin Franklin's plan for colonial home rule was rejected by the individual colonies because

• A) it did not provide for the common defense.
• B) the British approved it.
• C) it did not seem to give enough independence to the colonies.
• D) they did not feel that they had been well represented at the Albany Congress.
• E) it placed too much power in the hands of local governments.

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Definitions:

Resource Demand

The need or desire for specific resources (labor, capital, land, etc.) driven by businesses and individuals in the production of goods and services.

MRC

The marginal rate of change, representing how a variable changes as another variable (typically quantity) increments by one unit.

MRP

Marginal Revenue Product; the additional revenue generated from employing one more unit of a resource, a key concept in labor economics and the theory of firm.

Labor Demand Schedule

A tabulation or curve showing the quantity of labor that firms wish to hire at each possible wage rate, displaying the negative relationship between wages and quantity of labor demanded.