Match the Person or Term with the with the Correct

question 91

Multiple Choice

Match the person or term with the with the correct description.
-Compromise of 1850

• A)issued by antislavery congressmen
• B)suggested that the United States buy or seize Cuba
• C)returned runaway slaves to their master
• D)America's mission to settle the West
• E)Texas borderland
• F)sudden increase in California's population
• G)voided the Missouri Compromise
• H)no slavery in land acquired by Mexico
• I)expedition to Central America
• J)opponents to the expansion of slavery
• K)anti-immigrant political group
• L)California's entry into the Union as a free state

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Definitions:

Opportunity Cost

The value of the next best alternative forgone as the result of making a decision.

True Cost

The comprehensive cost of a good or service, including all direct and indirect expenditures as well as environmental and social impacts.

Price Floors

Price Floors are legally established minimum prices for goods or services, below which they cannot be sold, usually set to protect producers.

Equilibrium

The state in a market where the quantity supplied equals the quantity demanded, and there is no incentive for price to change.