In 1854,Stephen Douglas Proposed a Bill That Would Set Up

question 10

Multiple Choice

In 1854,Stephen Douglas proposed a bill that would set up territorial governments in Kansas and Nebraska on the basis of ________.

• A) the Compromise of 1850
• B) Free-Soil ideology
• C) congressional approval or disapproval of slavery
• D) presidential approval or disapproval of slavery
• E) popular sovereignty

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Definitions:

Implicit Costs

The opportunity costs associated with a company's use of resources that are not directly paid for or billed.

Implicit Cost

The opportunity costs that are not directly paid or incurred but represent the loss of alternative benefits when resources are used in a particular way.

Capital

A resource, such as equipment or buildings, used to produce goods and services.

Implicit Costs

The opportunity costs that are not directly paid for or visibly incurred in financial transactions but represent real costs to economic actors.