Which of the Following Statements About the Development of the U.S

question 34

Multiple Choice

Which of the following statements about the development of the U.S. economy is accurate?

• A) Westward expansion thinned out the population and caused a temporary economic stagnation.
• B) Westward expansion broke down the integrated businesses and brought more competition.
• C) Economic growth resulted in the fall of chartered organizations and increased the power of banks.
• D) The Industrial Revolution brought about an economic boom in the United States.

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Definitions:

Regulators

Authorities or agencies responsible for enforcing laws and regulations in specific sectors to ensure compliance and protect public interest.

Government Agencies

Organizations established by a government to perform specific functions or services according to legal mandates.

Laws

Regulations and rules established by governments or other authorities to govern behavior and actions in a society.

Competitive Advantage

A situation or factor that gives a business an advantageous or dominant position over its rivals in the industry.