The Congressional Act That Opposed the Extension of Slavery into Any

question 32

Multiple Choice

The congressional act that opposed the extension of slavery into any territory ceded by Mexico was the

• A)Ostend Manifesto.
• B)Popular Sovereignty Act.
• C)Crittenden Compromise.
• D)Treaty of Guadalupe Hidalgo.
• E)Wilmot Proviso

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Definitions:

Inferior Good

A type of good whose demand decreases when consumer income rises, unlike normal goods, which have a positive correlation with income.

Normal Good

A type of good for which demand increases as the income of the consumer increases, showing a positive relationship between income and demand.

Demand Function

A mathematical formula that describes the relationship between the quantity of a good or service demanded and its price, along with other factors like income and the prices of related goods.

Substitution Effect

The effect observed when consumers replace more expensive items with cheaper alternatives due to changes in relative price levels, affecting demand for goods.