Examlex

Solved

The Delegates at the Philadelphia Convention Turned Down the Idea

question 113

Multiple Choice

The delegates at the Philadelphia convention turned down the idea of including a list of citizens' rights in the Constitution because they believed that


Definitions:

Invisible Hand

A concept introduced by Adam Smith to describe the self-regulating nature of the market, where individual self-interests unintentionally benefit the economy as a whole.

Market Failures

Circumstances where a free market's distribution of goods and services is inefficient, frequently warranting the involvement of the government.

National Economic Plan

A comprehensive strategy formulated by a government to stabilize the economy and stimulate growth.

Incentive Problem

A situation where the motivations of individuals or groups do not align with broader goals or desired outcomes, often leading to inefficiency or conflict.

Related Questions