______ Involves Consumers and Businesses Paying to Purchase Physical Goods

question 51

Short Answer

______ involves consumers and businesses paying to purchase physical goods, information, or services that are posted or advertised online.

Analyze the effects of tariffs and quotas on domestic producers, consumers, and government revenue.

Recognize the relationship between comparative advantage and trade outcomes.

Identify the conditions under which trade can increase or decrease consumer and producer surplus.

Understand the role and impact of international trade organizations and agreements.

---

Definitions:

Radical Republicans

A faction of American politicians within the Republican Party from about 1854 to the end of Reconstruction in 1877 who advocated for the immediate abolition of slavery and stern retribution to the Southern states.

Andrew Johnson

The 17th President of the United States, serving from 1865 to 1869, known for his efforts to quickly reincorporate the Southern states after the Civil War and his subsequent impeachment.

Civil Rights Act 1866

A landmark piece of legislation in the United States that aimed to protect the civil rights of African Americans, in the wake of the American Civil War.

Radical Reconstruction

A period after the American Civil War (1865–1877) during which the Republican Party implemented measures aimed at restructuring the Southern states, extending civil rights to freed slaves, and providing federal support for their welfare.