The New Two-Party Political System That Emerged in the 1830s

question 52

Multiple Choice

The new two-party political system that emerged in the 1830s and 1840s

• A) significantly reduced sectional political divisions in the country.
• B) was seen at the time as a weakening of democracy.
• C) resulted in the Civil War.
• D) fulfilled the wishes of the founding fathers.
• E) became an important part of the nation's checks and balances.

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Definitions:

Binding Price Floor

A price floor set above the equilibrium price, causing a surplus because the quantity supplied exceeds the quantity demanded.

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specific time frame.

Government Policy

The set of laws, guidelines, regulations, and actions adopted by a government to influence economic or social outcomes within the country.

Price Control

Government-imposed limits on the prices that can be charged for goods and services, typically used to curb inflation or prevent shortages and surpluses.