What Are the Four Enduring Material Features of Rurality

question 59

Essay

What are the four enduring material features of rurality?

Describe the territorial gains of the United States as a result of treaties and wars.

Examine the role of President James K. Polk and other political figures in expanding U.S. territory.

Understand the significance of key terms and groups, such as "Californios" and "Tejanos," in the context of American expansion.

Discuss the impact of economic activities, such as the California Gold Rush and cattle ranching, on the development of the west.

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Definitions:

Marginal Revenue

The increase in profit from selling an extra unit of a good or service.

Average Nightly Room Rate

A measure used in the hospitality industry to calculate the average price paid per room per night.

Monopolistic Competition

A marketplace setup where plenty of businesses distribute products that resemble each other but are not duplicates, allowing them a partial degree of marketplace power and the ability to individualize their offerings.

Pure Competition

A market structure characterized by a large number of small firms, homogenous products, and easy market entry and exit, leading to price takers rather than price makers.