Match the Person or Term with the with the Correct

question 42

Multiple Choice

Match the person or term with the with the correct description.
-three-fifths clause

• A)annuity system
• B)unicameral system
• C)first written American constitution
• D)abolished in 1808
• E)two houses based on proportional representation
• F)separation of powers
• G)division of powers
• H)essays that generated support for Constitutional ratification
• I)amendments
• J)citizenship limited to whites only
• K)slave compromise
• L)Philadelphia

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Definitions:

Firm's Production

The process or activities undertaken by a business to combine inputs like labor, capital, and materials to produce goods or services for sale.

Cournot Duopolists

Firms in a duopoly market structure, where two companies dominate, that decide on their output level assuming the other's output as given, under Cournot competition.

Demand Curve

Illustrates the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at each price level.

Total Costs

The combined total of fixed and variable costs involved in the manufacturing of goods or services.