In His Book Our Country: Its Possible Future and Its

question 90

Multiple Choice

In his book Our Country: Its Possible Future and Its Present Crisis, the Reverend Josiah Strong advocated American expansion

• A) to keep the American frontier spirit alive.
• B) to open up new markets for industrial goods.
• C) to spread American religion and values.
• D) to ease labor violence at home.
• E) to maintain white racial superiority.

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Definitions:

Weak Axiom

A principle used in consumer choice theory that stipulates if a consumer chooses bundle A over bundle B when both are affordable, then the consumer should not choose B over A when prices change, holding income constant.

Risk Inconsistency

The phenomenon where an individual's tolerance for risk changes in unpredictable ways over time or across different contexts.

Expected Loss

The anticipated amount of loss a business might suffer due to various risk factors.

Risk Aversion

A preference for certainty over uncertainty, where an individual prefers outcomes with lower risk and potentially lower returns.