President Pierce's Efforts to Acquire Cuba for the United States

question 5

Multiple Choice

President Pierce's efforts to acquire Cuba for the United States caused which of the following?

• A) Northern support for the liberation of Cuba allayed fears in that region that Pierce was controlled by the Slave Power.
• B) Some northerners concluded that Pierce was doing the bidding of the Slave Power.
• C) Support for such efforts by both northerners and southerners led to friendlier relations between the two sections of the country.
• D) Many southerners concluded that Pierce wanted to end slavery and colonize blacks in the Caribbean.

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Definitions:

Comparative Advantage

The advantage conferred on an individual or country in producing a good or service if the opportunity cost of producing the good or service is lower for that individual or country than for other producers.

Absolute Advantage

The advantage conferred on an individual or country in an activity if the individual or country can do it better than others. A country with an absolute advantage can produce more output per worker than other countries.

Ricardian Advantage

A theory in economics that suggests countries should specialize in producing and exporting goods in which they have a relative productivity advantage.

Opportunity Cost

The sacrifice of gains that could have been obtained from alternative choices when one is selected.