In Order to Maintain the Two Great Political Parties as Vital

question 7

Multiple Choice

In order to maintain the two great political parties as vital bonds of national unity, party leaders in the late 1840s

• A) called for the banning of slavery from all United States territories.
• B) called for allowing slavery into all United States territories.
• C) avoided a full public discussion of and debate about slavery.
• D) banished abolitionists from membership in either national party.
• E) worked to make the creation of third parties almost impossible.

---

Definitions:

Average Variable Cost

The total variable cost divided by the quantity of output produced; it represents the variable cost per unit of output.

Marginal Revenue

The additional income earned from selling one more unit of a good or service, a key factor in decision-making for producing additional units.

Marginal Revenue

The extra revenue earned by selling an additional unit of a product or service.

Price-taker Model

An economic model describing a company or entity that must accept the prevailing prices in the market of its products because it does not have the market power to change them.