With the Demise of the Federalist Party Following the Election

question 46

Multiple Choice

With the demise of the Federalist party following the election of 1816

• A) the Democratic-Republicans quickly established one-party rule.
• B) another party arose very quickly to take its place.
• C) little political trouble or strife ensued throughout the nation.
• D) sectionalism completely disappeared.
• E) the Whig party immediately materialized to take its place.

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Definitions:

Competitive Market

A market structure characterized by a large number of buyers and sellers, such that no single buyer or seller can influence the market price.

Corn

A cereal plant that yields large kernels on a cob, used globally for food, feedstock, and biofuel production.

Negative Relationship

A relationship between two variables in which an increase in the value of one variable is associated with a decrease in the value of the other variable. It is illustrated by a curve that slopes downward from left to right.

Quantity Demanded

The aggregate quantity of a product or service that buyers are prepared to buy at a specified price point.