Which of the Following Statements Is True About the Number

question 19

Multiple Choice

Which of the following statements is true about the number of newspapers in the United States by 1850?

• A) The number of newspapers lagged significantly behind Britain.
• B) The United States had more newspapers than any other nation in the world.
• C) The United States had the least number of newspapers for any country in the industrialized world.
• D) The "Old South" was the driving force behind newspaper expansion, with North Carolina alone having four times as many newspapers as all of New England.
• E) The year 1850 saw the founding of the first independent American newspaper.

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Definitions:

Gain From Trade

Refers to the increase in output and consumption that countries experience through specialization and exchange of goods and services.

Production Possibilities Frontier

An illustration that represents the utmost production capabilities for any two commodities, based on a combination of inputs like resources and additional elements.

Self-sufficiency

The ability of an individual, household, or nation to meet all their needs without external assistance.

Opportunity Cost

The price paid for not choosing the next most favorable opportunity when making a choice or decision.