What Was the Single Most Important Decision Made at the Philadelphia

question 38

Multiple Choice

What was the single most important decision made at the Philadelphia Convention?

• A)to amend the Articles of Confederation
• B)to reject independence and seek assistance from other countries
• C)to reject a monarchy, replacing it with a nationally elected president and vice president
• D)to nullify the Articles of Confederation and write a new constitution
• E)to adopt the Articles of Confederation and form a new government.

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Definitions:

Long Run

A period of time in economics where all factors of production and costs are variable, and all market adjustments have been made.

Futures Contracts

Standardized legal agreements to buy or sell something at a predetermined future date and price, typically used for commodities or financial instruments.

Forward Contracts

Non-standardized contracts between two parties to buy or sell an asset at a specified future time at a price agreed upon today.

Default Free

An investment that is considered to have no risk of failure to pay back principal or interest.