The Proposal to Alter the Articles of Confederation by Providing

question 28

Multiple Choice

The proposal to alter the Articles of Confederation by providing for a system of representation in the national legislature based on the population of each state or the proportion of each state's revenue contribution, or both, was known as the

• A)Virginia Plan.
• B)New Jersey Plan.
• C)Connecticut Plan.
• D)Massachusetts Plan.
• E)Rousseau solution.

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Definitions:

Fishing in the Ocean

The activity of catching fish in the ocean for commercial, recreational, or subsistence purposes.

Property Rights

Legal rights to own, use, and dispose of assets, which can include intellectual property, land, or personal property.

Common Resources

Resources that are available to all but are susceptible to overuse because of their non-excludable and rivalrous nature, leading to potential depletion or degradation.

Socially Optimal

A state of the market where resources are allocated in the most efficient manner, maximizing the overall benefit to society.