What Was Lincoln's Reaction to the Secession of the Confederate

question 41

Multiple Choice

What was Lincoln's reaction to the secession of the Confederate States of America?

• A) He warned them that he would not permit them to leave.
• B) He accepted their leaving, but immediately decided to free the slaves in the remaining states.
• C) At first, startled by their suddenness, Lincoln did nothing.
• D) Lincoln immediately invaded the South when the southern states left.

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Definitions:

Comparative Advantage

The ability of an entity to produce a good or offer a service at a lower opportunity cost than another.

Absolute Advantage

The ability of a country to produce a good at a lower cost than its trading partners.

Protective Tariffs

Taxes imposed on imported goods to protect domestic industries from foreign competition by making the imported goods more expensive compared to local products.

Trade Deficit

A situation where a country’s imports exceed its exports during a given time period, leading to a negative balance of trade.