All of the Following Were Reasons Why Britain Was Intensely

question 45

Multiple Choice

All of the following were reasons why Britain was intensely interested in promoting an independent Republic of Texas except  

• A) such a republic would check the southward surge of the American colossus, who posed a threat to nearby British possessions in the New World.
• B) clashes between the independent Republic of Texas and America might create a diversionary opportunity for foreign powers to challenge American supremacy in Latin America and undermine the dormant Monroe Doctrine.
• C) British merchants believed that an independent Texas could be an important free-trade area to offset the tariff-walled United States.
• D) Texas could become a location for the settlement of undesirable British emigrants.
• E) an independent Republic of Texas could provide British abolitionists with the opportunity to free slaves in Texas and stir rebellions by other slaves throughout the South.

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Definitions:

Large Firms

Companies that are significantly larger than the average for their industry, often having considerable influence over market conditions and prices.

Demand Curve

A graphical representation that shows the inverse relationship between the price of a good or service and the quantity demanded by consumers.

Perfect Competitor

An entity in a highly competitive market where firms sell homogeneous products, have no control over market price, and where there is free entry and exit of firms.

Elastic Demand Curve

Represents a situation where the quantity demanded of a good or service significantly changes in response to a change in price.