The Analysis of a New Project Should Exclude

question 5

Multiple Choice

The analysis of a new project should exclude:

• A)tax effects.
• B)erosion effects.
• C)side effects.
• D)sunk costs.
• E)opportunity costs.

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Definitions:

Great Compromise

The agreement that large and small states reached during the Constitutional Convention of 1787 that in part defined the legislative structure and representation each state would have under the United States.

Three-Fifths Compromise

An agreement made during the 1787 Constitutional Convention stating that three-fifths of the enslaved population would be counted for determining taxation and representation in Congress.

Philadelphia Convention

The gathering in 1787 where the Constitution of the United States was framed and adopted by its original colonies.

Elastic Clause

Also known as the Necessary and Proper Clause, part of the U.S. Constitution allowing Congress to pass laws deemed necessary and proper for executing its enumerated powers.