Match the Person or Term with the with the Correct

question 27

Multiple Choice

Match the person or term with the with the correct description.
-Southern cotton

• A)system to help slaves escape to the North
• B)slave trade within the United States
• C)poor work and breakage of tools
• D)slavery
• E)managed slaves in the field
• F)three-fourths of the world's supply
• G)treating slaves in a fatherly manner
• H)working in the fields side-by-side
• I)escaped bondage
• J)Charleston, South Carolina
• K)guaranteed equality for whites
• L)trickster tale

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Definitions:

Market Organization

A method of organization in which private parties make their own plans and decisions with the guidance of unregulated market prices. The basic economic questions of consumption, production, and distribution are answered through these decentralized decisions.

Competitive Markets

A market structure characterized by many buyers and sellers, free entry and exit, and products that are similar but differentiated, leading to competition on price, quality, and innovation.

Private Property Rights

Legal rights that grant individuals or organizations exclusive ownership and control over their property.

Competitive Market Economy

An economic system where businesses compete freely with minimal government intervention, prices are determined by supply and demand, and resources are allocated through the price mechanism.