After the Civil War, the Main Purpose of the Ku

question 81

Multiple Choice

After the Civil War, the main purpose of the Ku Klux Klan in the South was to

• A) persecute African Americans.
• B) close integrated schools.
• C) maintain law and order.
• D) use intimidation and violence to weaken the Republican coalition's power.

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Definitions:

Explicit Costs

Direct, out-of-pocket expenses paid by firms for inputs to production, such as wages, rent, and materials, as opposed to implicit costs which are not directly paid out in cash.

Implicit Costs

The opportunity costs that are not directly paid for or incurred during the production of a good or service.

Average Total Cost

The complete expenditure of manufacturing (incorporating steady and fluctuating expenses) divided by the aggregate volume of goods produced.

Output

The total quantity of goods or services produced by a company, sector, or economy within a given period.