Between 1860 and 1870, Considerable Constitutional Revision Occurred When

question 23

Multiple Choice

Between 1860 and 1870, considerable constitutional revision occurred when

• A)Jacksonian notions of popular government swept the nation.
• B)Populist and Progressive reform movements swept the nation.
• C)western states created before the Civil War sought to update their constitutions.
• D)the former Confederate states rewrote their constitutions in order to be readmitted to the union.

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Definitions:

Economic Profits

Profits exceeding the opportunity costs of all resources employed, indicating above-normal returns.

Purely Competitive

Another term for perfectly competitive, describing a market with no single buyer or seller able to influence prices.

Demand Curves

Graphical representations of the relationship between the price of a good and the quantity demanded by consumers at various prices.

Elastic

Describes a situation where the quantity demanded or supplied changes significantly when the price changes.