Question

The U.S. Constitution guarantees certain rights that allow people to engage in business activities. Which of the following does the U.S. Constitution NOT guarantee?

a) The right to make binding contracts
b) A limitation on the kinds of taxes that Congress can impose
c) The protection against a market dominated by a single seller
d) The recognition and protection of private property rights

Answer 1

The U.S. Constitution does not guarantee protection against a market dominated by a single seller, or monopoly. It does, however, guarantee the right to make binding contracts and recognize and protect private property rights. Antitrust laws, not the Constitution, address issues with monopolies.

Step-by-step explanation:

The U.S. Constitution does not guarantee protection against a market dominated by a single seller. This concept is known as a monopoly, and while antitrust laws have been enacted to prevent such economic situations, they are not part of the constitutional guarantees. The Constitution ensures several rights critical to engaging in business activities, including:

• The right to make binding contracts.
• The recognition and protection of private property rights.

However, it does not specifically limit the kinds of taxes that Congress can impose, nor does it have a provision directly targeting single-seller market domination.

When it comes to Congressional powers, the Constitution does enumerate several specific capabilities, such as:

1. The right to create a lower national court system.
2. The right to enforce its laws.
3. The right to declare war.
4. The right to negotiate treaties.

Moreover, the Bill of Rights articulates essential freedoms such as freedom of speech, religion, press, assembly, and the right to a fair trial, amongst others. These amendments fulfill the promise to safeguard American liberties by limiting government power and ensuring individual rights.