The Following Questions Refer to the Excerpt Below

question 2

Multiple Choice

The following questions refer to the excerpt below.
"…There are two ideas of government.There are those who believe that,if you will only legislate to make the well-to-do prosperous,their prosperity will leak through on those below.The Democratic idea,however,has been that if you legislate to make the masses prosperous,their prosperity will find its way up through every class which rests upon them…Having behind us the producing masses of this nation and the world,supported by the commercial interests,the laboring interests,and the toilers everywhere we will answer their demand for a gold standard by saying to them: You shall not press down upon the brow of labor this crown of thorns;you shall not crucify mankind upon a cross of gold."
William Jennings Bryan,1896
-This excerpt would be most useful to historians as a source of information about which of the following?

• A) The reasons the new immigrants immigrated to the U.S.
• B) The suppression of labor rights
• C) Government supporting commercial and trade interests
• D) The instability of the nation's currency

Understand the principle of increasing opportunity cost and its relationship to the shape of the production possibilities frontier.

Analyze the factors that can cause the production possibility frontier to shift and the significance of such shifts.

Explain the significance of all points on, inside, and outside the production possibilities frontier.

Appreciate the trade-offs involved in allocating resources to produce different combinations of goods.

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Definitions:

Treaty Of San Ildefonso

An agreement signed in 1800 between France and Spain, notably including the secret return of the Louisiana territory to France from Spain.

New Orleans

A major city in the state of Louisiana, USA, known for its vibrant music scene, distinct French and Spanish Creole architecture, and its annual Mardi Gras celebration.

Louisiana Purchase

The acquisition of the territory of Louisiana by the United States from France in 1803, doubling the size of the U.S. and opening up the region for westward expansion.

Talleyrand

Charles Maurice de Talleyrand-Périgord was a leading French diplomat who played a key role in negotiations during and after the French Revolution and the Napoleonic Wars.