Question

choose the best answers.
2.1) ____ what usually happens to prices when supply is limited or demand is high?
a. prices go down.
b. prices go up.
2.2) __ when the government prints more paper money, the value of the money goes .
a. down
b. up
2.3) __ during , angry farmers following daniel shays stormed the massachusetts congress.
a. the inflation riot
b. the farm protest of 1787
c. shays rebellion
d. the constitutional convention
2.4) ____ why did shays rebellion concern the confederation congress?
a. they were meeting with the massachusetts congress when the rebellion occurred.
b. they were afraid that more rebellions would occur if the national government did not take action.
c. the farmers defeated the u.s. army.
d. with so much debt, the farmers would never be able to pay their taxes.
2.5) select three facts about delegates to the constitutional convention.
□ some were founding fathers who had signed the declaration of independence.
□ each state sent two delegates for a total of 26 men.
□ their goal was to revise the articles, not replace them.
□ all the delegates had fought in the american revolution.
□ all the delegates were white males who owned property in their home states.
□ thomas jefferson and john adams arrived late for the convention.

Explanation:

2.1)

In economics (a subfield of Business), the law of supply and demand states that when supply is limited or demand is high (a shortage situation), prices typically increase as consumers compete for the limited goods or services. Option A is incorrect because limited supply or high demand would not lead to lower prices.

In economics (Business subfield), when the government prints more paper money, the money supply increases. According to the quantity theory of money, an increase in the money supply (without a corresponding increase in goods and services) leads to inflation, which means each unit of money is worth less (its value goes down). Option B is incorrect as more money in circulation devalues existing money, it doesn't increase its value.

This is a historical event (subfield of History in Social Science). Daniel Shays led a rebellion of farmers in Massachusetts in 1786 - 1787, known as Shays' Rebellion. Option A is incorrect as there's no "Inflation Riot" associated with Shays. Option B's "Farm Protest of 1787" is not the correct name. Option D, the Constitutional Convention, was a different event about drafting the Constitution, not related to Shays' farmer uprising.

Answer:

B. Prices go up.

2.2)