What Did the New Jersey Plan Propose for Congress

question 48

Multiple Choice

What did the New Jersey Plan propose for Congress?

• A)Representation would be equal for each state.
• B)Representation would be based on population.
• C)Representation would be proportionate to the share of taxes paid by each state to the federal government.
• D)Representatives to Congress would be appointed by the state legislatures.

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Definitions:

Lessee

An individual or entity that leases an asset from another, the lessor, under the terms of a lease agreement.

Lease Agreement

A contract between two parties where one, the lessor, provides an asset for use to the other, the lessee, for a specific period in exchange for periodic payments.

Financial Leases

Long-term leases that transfer substantially all the risks and rewards of ownership of the asset to the lessee, similar to finance purchases.

Financial Lease

A type of lease in which the lessee has use of the asset for most of its useful life and the lease payments cover the full cost of the asset, effectively transferring the risks and rewards of ownership.