One of the More Important Components of the Compromise of 1850

question 74

Multiple Choice

One of the more important components of the Compromise of 1850 was __________.

• A) admitting Utah as a free state
• B) a tougher fugitive slave act
• C) the continuation of the slave trade only in Washington, D.C.
• D) the admission of Oregon as a free state

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Definitions:

Exemptions

Provisions in tax law that allow taxpayers to reduce their taxable income, often for specific activities or investments.

Government Borrowing

The method by which a government finances its expenditure by issuing debt instruments, such as bonds.

Public Expenditures

Refers to the spending of government funds on goods, services, and infrastructure for the public benefit and economic stability.

Crowding Out

A situation in which increased public sector borrowing leads to a reduction in private sector spending, either because of higher interest rates or because available financial resources are used by the government.