What Was the Significance of the Novel Uncle Tom's Cabin

question 19

Multiple Choice

What was the significance of the novel Uncle Tom's Cabin?

• A) It used accounts from southern newspapers to condemn the practice of slavery.
• B) It retold the story of the American Revolution with a focus on black Americans.
• C) It was the first major novel authored by an ex-slave.
• D) It presented slaves and slave owners in equally sympathetic terms.
• E) It portrayed slaves as sympathetic and fully human characters.

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Definitions:

Price Floor

A government-imposed minimum price below which a specific good or service cannot legally be sold, aimed at protecting producers or encouraging certain activities.

Total Surplus

The complete net profit to society from the production and consumption of a good or service, reflected in the sum of consumer surplus and producer surplus.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to market balance.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, often seen as a measure of producer welfare.