After 1830,southerners Increasingly Argued That

question 81

Multiple Choice

After 1830,southerners increasingly argued that

• A) slavery was a positive good endorsed by the Bible and Aristotle.
• B) slavery was morally problematic but economically necessary.
• C) slavery could not be ended because emancipation would deepen racial conflict.
• D) poorer whites as well as blacks could be enslaved.
• E) leading European intellectuals accepted slavery on racial grounds.

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Definitions:

Rent Ceiling

A government-imposed limit on how high rents can go, aimed at keeping housing affordable.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, representing the additional value created by the firm beyond that required to compensate its resource suppliers.

Shortage

A condition where the demand for a product exceeds its supply in the market.

Ceiling Price

Ceiling price is a legally imposed maximum price on goods or services, above which transactions cannot legally occur, often implemented to prevent price gouging during shortages.