Which of the Following Most Accurately Describes the Relationship Between

question 60

Multiple Choice

Which of the following most accurately describes the relationship between the government and the economy in the Gilded Age?

• A) State and local governments diminished in scope and purpose, as the federal government extended its control of business and banking regulation.
• B) The rise of the Republican Party in national politics signaled new growth in the national government and a new commitment to breaking up monopolies.
• C) Politicians of both major parties favored business and banks and supported a reduction in the money supply and a return to the gold standard.
• D) Western state governments lobbied to block new tariffs that would raise the price of manufactured goods and bankrupt farmers.

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Definitions:

Economic Costs

The total cost of choosing one action over others, representing both the direct and opportunity costs.

Valuing Diversity

The recognition and appreciation of the differences in culture, background, and perspective among individuals within a group.

Racial Group

A categorization of humans based on shared physical or social qualities into groups considered to be distinct by society.

Cultural Group

A collection of individuals who share common cultural, religious, or ethnic backgrounds.