Which of the Following Statements Accurately Describes the Way in Which

question 82

Multiple Choice

Which of the following statements accurately describes the way in which the Confederacy funded the war?

• A) The Confederacy largely relied on the work of immigrants to continue to fuel southern industry during wartime, increasing the number of consumer goods for sale.
• B) Because the larger Confederacy did not have its own Congress, efforts to fund the war were left entirely to the varying legislation of individual state governments.
• C) Because enslaved African Americans on plantations rarely fought as soldiers or managed to escape, the cotton economy remained strong and helped finance the war effort.
• D) The Confederate Congress issued many taxes, which were poorly enforced, as well as large amounts of paper money, which caused economic distress due to price increases.
• E) The Confederate Congress relied heavily on British and French foreign aid, as the southern cotton economy was in such disarray due to the war.

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Definitions:

Hourly Fee

A billing method where a service provider charges based on the number of hours worked.

Flat Fee

A charged price for a service that does not vary with usage or time.

Overhead

All manufacturing costs that cannot be directly traced to a product. Overhead includes indirect labor and materials, plant depreciation, insurance and property taxes, plant management salaries, and so forth. See Indirect Cost Pool.

Direct Labor

The workforce involved in the hands-on manufacturing of goods or provision of services.