The Best-Known Arguments Supporting Ratification of the Constitution Were the 85

question 12

Multiple Choice

The best-known arguments supporting ratification of the Constitution were the 85 essays written by Alexander Hamilton, James Madison, and John Jay under the name of Publius. These essays are collectively known today as

• A)Common Sense.
• B)A Modest Proposal.
• C)the Federalist Papers.
• D)The New Yorker.

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Definitions:

Tax

A mandatory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund various public expenditures.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus what they actually pay.

Deadweight Loss

An economic inefficiency arising when the balance for a product or service fails to be attained or is unattainable.

Tax

A necessary financial assessment or some other type of taxation levied upon a taxpayer by a government entity, intended to fund the expenditure of government and various allotments for public services.