Which of the Following Statements About the United States in the Aftermath

question 65

Multiple Choice

Which of the following statements about the United States in the aftermath of the War of 1812 is most accurate?

• A)In the short term and the long term the United States suffered economically as a result of the war.
• B)The United States,overall,saw no economic changes as a result of the war.
• C)The war benefited the United States most in the arena of manufactures.
• D)Manufacturing decreased in the United States because of the war.
• E)Britain ended all economic relations with the United States as a result of the War of 1812.

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Definitions:

Debit

An entry on the left side of an account ledger, indicating an increase in assets or expenses, or a decrease in liabilities, equity, or revenue.

Credit

A bookkeeping entry that increases the balance of liabilities and revenue accounts, or decreases the balance of an asset or expense account.

Accounts Receivable

Liabilities customers hold towards a business for the delivery of goods or services that have not been paid off.

Financial Statement

Documents that present the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.