Which of the Following Did Congregationalist Minister Josiah Strong Believe

question 40

Multiple Choice

Which of the following did Congregationalist Minister Josiah Strong believe when it came to foreign policy?

• A) Americans were well advised to steer clear from foreign entanglements.
• B) Foreign nations could only drag Americans down.
• C) Americans should only engage foreign nations in war and trade.
• D) Americans had a duty to uplift the "inferior" nations.

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Definitions:

Marginal Revenue

The additional revenue that a company gains from selling one more unit of a product or service.

Price-Discriminating Firms

Companies that charge different prices to different customers for the same product or service, based on willingness to pay.

Elastic Demand

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

Price Structure

The organization and setting of various prices within a company's range of products or services.