Examlex

Solved

Which Party Was Formed in 1860 to Preserve the Nation

question 18

Multiple Choice

Which party was formed in 1860 to preserve the nation but was strong only in the Upper South, and nominated John Bell of Tennessee?


Definitions:

Free-rider Problem

A situation where individuals benefit from resources, goods, or services that they do not pay for, which can lead to underproduction or depletion of those resources.

Rivalry

The competitive relationship between firms in the market, striving to gain advantage over each other in terms of sales, market share, or innovation.

Nonexcludable

A characteristic of a good or service whereby it is not possible to prevent people who have not paid for it from having access to it.

Free-rider Problem

A situation in which individuals benefit from resources, goods, or services without paying for them, leading to underprovision of those goods or services.

Related Questions