Which of the Following Was NOT True of the South

question 19

Multiple Choice

Which of the following was NOT true of the South and its economy in the period from 1800 to 1860?

• A) Southern cities, like New Orleans and Baltimore, lay mainly on the periphery of the South.
• B) The South produced nearly two-fifths of the nation's manufactured goods, especially cotton textiles.
• C) Slavery helped to discourage the immigration of white workers to the South, with notable exceptions such as New Orleans.
• D) Slavery proved very profitable for most slave owners.
• E) Southern banks existed mainly to finance plantations.

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Definitions:

Consumer Surplus

The difference between what consumers are willing to pay and what they actually pay for a good or service.

Surplus II

An excess of supply over demand, leading to lower prices and potential inefficiencies in the market.

Equilibrium Quantity

At the market equilibrium price, the amount of goods or services available matches the amount that consumers want to buy.

Willingness to Pay

The maximum amount an individual is prepared to spend on a good or service, reflecting the value they derive from it.