What Was the Main Reason That Alexander Hamilton Did Not

question 106

Multiple Choice

What was the main reason that Alexander Hamilton did not want a bill of rights?

• A) He wanted the government to have as much power as possible.
• B) He believed that too many individual liberties destroyed the trust between citizen and government.
• C) He believed it was unnecessary for a government that possessed only specifically delegated powers.
• D) He believed a bill of rights would make the Constitution too long and cumbersome.
• E) He believed a bill of rights would lead to too many frivolous lawsuits.

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Definitions:

Profit-Maximizing

The strategy by which an organization sets the price and amount of output to achieve the maximum profitability.

Market Price

The current price at which an asset or service can be bought or sold.

Perfectly Competitive Market

A hypothetical market where all participants are price takers, and goods are perfect substitutes, leading to an efficient distribution of resources.

Average Variable Cost

The average amount of variable cost per unit, calculated by dividing total variable costs by the quantity of output.