Which of the Following Caused a Significant Increase in the Demand

question 11

Multiple Choice

Which of the following caused a significant increase in the demand for western timber?

• A) The housing boom in the Old Northwest
• B) The decision by Congress to double the number of ships in the United States Navy
• C) The California Gold Rush
• D) The expansion of the South's slave society into the Old Southwest

Understand the concept of definitions, including synonym, class, and negation.

Identify the subject of a sentence in various contexts.

Recognize examples of synonyms and negations that help define a subject.

Understand the concept of netiquette and its importance in online communication.

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Definitions:

Long-Run Equilibrium

A state in which all inputs are variable, enabling firms to make adjustments to output and prices to reach a point where no firm desires to change its production or exit the market.

Increasing Cost Industry

An industry in which production costs increase as output expands, often due to limited resources or other constraints.

Increasing-Cost Industry

An industry in which the costs of production increase as more firms enter the market, typically due to limitations in resources.

Decreasing-Cost Industry

An industry in which the average cost of production decreases as the industry grows and output increases.