Which of the Following Was Not Among the Functions Provided

question 46

Multiple Choice

Which of the following was not among the functions provided by the black Union League?

• A) educating blacks in their civic duties
• B) campaigning for Republican candidates
• C) helping blacks migrate from the South to the North
• D) building black churches and schools
• E) recruiting militias to protect black communities

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Definitions:

Price Floor

A government-imposed minimum price charged for a good or service, intended to prevent prices from falling below a certain level to protect producers or market sectors.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service versus the amount they actually receive in the market.

Equilibrium Price

The equilibrium price is the price at which the quantity of a good or service demanded equals the quantity supplied, leading to market balance.

Consumer Surplus

The contrast between the full amount consumers are willing to disburse for a product or service and the actual disbursement.