Which of the Following Was True of the Union's National

question 39

Multiple Choice

Which of the following was true of the Union's national conscription law?

• A)It provided the bulk of the army for the rest of the war.
• B)It allowed a person to gain exemption until the next draft by paying a $300 commutation fee.
• C)It stipulated that a state must use the draft to meet its quota of soldiers.
• D)It set the draft age range from eighteen to forty-five.
• E)All of the above.

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Definitions:

Opportunity Cost

The cost of foregone alternatives when one option is chosen over another, representing the benefits that could have been gained by taking the alternate path.

Law of Increasing Cost

The principle that as production of a good expands, the opportunity cost of producing an additional unit rises.

Marginal Output

Marginal Output is the additional quantity of output that is produced by utilizing one more unit of a certain input, holding all other inputs constant, used to assess productivity improvements or decreases.

Diseconomies of Scale

Diseconomies of scale occur when a company or business grows so large that the costs per unit increase, opposite of economies of scale where costs decrease with increasing production.