-What Do the Map and Chart Addressing the Importance of Cotton

question 33

Multiple Choice

-What do the map and chart addressing the importance of cotton imply about the political relationship between the North and the South in the 1850s?

• A) Southerners felt that if concerns over slavery led to secession, they were strong enough to flourish on their own.
• B) The South believed that they had acquired enough new lands for cultivation in the Black Belt that western expansion was no longer necessary.
• C) Northern industrialists thought that if the South seceded, they had access to foreign cotton markets that could easily replace Southern cotton.
• D) Southern secession would have little to no impact on the American economy because of the North's advanced industrial system.

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Definitions:

Average Fixed Cost

The total fixed costs of production divided by the quantity of output produced, decreasing as quantity increases.

Range of Output

The difference between the maximum and minimum levels of production output possible for a given firm or industry.

Cakes

Baked goods made from ingredients such as flour, sugar, eggs, and butter, often prepared and decorated for special occasions.

Average Total Cost

The total cost of production divided by the total quantity of output produced.