The protection of markets with excess labor refers to the erection of barriers to imports of products competing with local offerings in an effort to protect local jobs. This is found in the <u>"Arguments for Protectionism"</u> section.
<u>Explanation</u>:
Arguments for Protectionism were made to protect the national security value of the trade. The arguments for protectionism section comprise many protection measures. They are as follows:
i) Protection on markets with excess productive capacity
ii) Employment protection and protection of markets with excess labor
iii) Protection of consumers
iv) Infant industry arguments
v) National defense interests
Excess productive capacity in the markets can help in invoking the protection of local labor and preventing purchase from foreign countries.
The correct answer to the question above would be more personal income. Supporters of minimum wage say that minimum wage will provide more personal income for the people with low-paying jobs. However, this minimum wage must be aimed to be higher to attain this theory.
<span>c. The New Jersey Plan had two houses based on equal representation of each state while the Virginia Plan had one house based on the states? population.</span>
Because work conditions were awful and pay was minuscule, forcing them to live on the streets or if they were lucky to live in a small box of an apartment. Owners abused their authority over their workers and because of this, the workers attempted to fight back. This was not met with friendliness, however, when the owners hired soldiers to wound and kill those who went strike.
Hamilton supported the Federal Government, in fact, not only did he settle down the financial chaos inherited from the Revolution but he created the first Bank of The United States. Of course his actions provoked opposition, by Thomas Jefferson and James Madison themselves.
