Table 4-7 -Refer to Table 4-7.If the Price Were $4,a

question 11

Multiple Choice

Table 4-7

-Refer to Table 4-7.If the price were $4,a

• A) surplus of 15 units would exist, and price would tend to fall.
• B) shortage of 25 units would exist, and price would tend to rise.
• C) surplus of 25 units would exist, and price would tend to fall.
• D) shortage of 40 units would exist, and price would tend to rise.

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Definitions:

Presidential Pardons

A legal mechanism that allows the president of the United States to fully forgive an individual for federal crimes, thereby removing any remaining penalties or punishments.

Andrew Johnson

The 17th president of the United States, who served from 1865 to 1869, succeeding Abraham Lincoln following his assassination, and was the first American president to be impeached.

Radical Republicans

Group within the Republican Party in the 1850s and 1860s that advocated strong resistance to the expansion of slavery, opposition to compromise with the South in the secession crisis of 1860–1861, emancipation and arming of black soldiers during the Civil War, and equal civil and political rights for blacks during Reconstruction.

Equal Rights

The principle that all people should have the same rights and opportunities without discrimination.