Which of the Following Was NOT One of the Economic

question 113

Multiple Choice

Which of the following was NOT one of the economic difficulties the writers of the Constitution attempted to address?

• A)States that kept printing virtually worthless money
• B)The tariffs states had erected against one another to protect their state-made products
• C)Lack of unemployment compensation and welfare payments
• D)The difficulty of the Continental Congress in raising money from the states
• E)All of these were dealt with in the Constitution.

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Definitions:

Price-Fixing Agreement

An arrangement between competitors to set prices at a certain level, rather than allowing them to be determined by natural market forces, often considered illegal.

Per Se Violation

An act that is considered illegal in itself, without needing to prove harm or malicious intent, usually in antitrust law.

Foreign Firm

A business entity that is incorporated or based in a country other than where it is conducting business.

Monopoly Power

The exclusive control by one company over an entire industry or sector, allowing it to manipulate market prices and conditions.