The Two Most Internationally Recognized American Writers in the 1820s

question 71

Multiple Choice

The two most internationally recognized American writers in the 1820s were

• A) Washington Irving and James Fenimore Cooper.
• B) Edgar Allan Poe and Charles Baudelaire.
• C) Walt Whitman and Emily Dickinson.
• D) Herman Melville and Nathaniel Hawthorne.
• E) Ralph Waldo Emerson and Henry David Thoreau.

---

Definitions:

Competitive Markets

Markets characterized by many buyers and sellers, free entry and exit, and products that are close substitutes, leading to price taking behavior.

Equilibrium Level

A state in a market where supply equals demand, resulting in stable prices and quantities where no economic forces are compelling a change.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor, such as labor or capital.