Which Was a Component of the American System

question 80

Multiple Choice

Which was a component of the American System?

• A) States would be responsible for financing roads and canals.
• B) The federal government would create a new national bank.
• C) Slavery would not be allowed to spread north of latitude 36°30′.
• D) The United States would not become involved in wars in Europe.
• E) Tariffs on imported goods would be reduced in order to encourage trade.

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Definitions:

Corporation

A legal entity that is separate and distinct from its owners, providing them with limited liability, and is permitted to own assets, incur liabilities, and sell securities, among other rights.

Partnership

A legitimate business model involving collaboration between two or more people in managing and dividing earnings.

Potential Loss

The possible financial harm or loss a business could suffer due to unforeseen events or risks.

Investment

The allocation of resources, usually money, in expectation of earning a return or some form of benefit in the future.