MATCHING Match Each Description with the Item Below

question 32

Multiple Choice

MATCHING
Match each description with the item below.
-Horace Greeley

• A)a northern free black and Union soldier who was elected lieutenant governor of Louisiana
• B)senator from Massachusetts,a leading Radical Republican
• C)asked that the Fifteenth Amendment be modified to include women
• D)secretary of war under Johnson until 1867
• E)a black Mississippi native elected to the Senate
• F)senator from Kansas who cast the deciding vote in favor of acquittal at Johnson's trial
• G)the Democratic presidential candidate in 1876
• H)opposed Grant in the 1872 presidential election
• I)the former vice president of the Confederacy elected to the U.S.Senate representing Georgia in 1865
• J)his would-be assassin got cold feet and wound up tipsy in the hotel bar

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Definitions:

Pure Monopoly

A market structure where a single firm controls the entire market for a product or service, with no close substitutes and significant barriers to entry.

Allocatively Inefficient

A situation where resources are not distributed in a way that maximizes the benefits to society, often leading to a loss of economic welfare.

Marginal Benefit

The additional satisfaction or utility gained from receiving or consuming one more unit of a good or service.

Marginal Cost

The cost of producing one additional unit of a product or service, a key concept in economic theory for decision-making and pricing.