All of the Following Describe the Effects of the Booming

question 4

Multiple Choice

All of the following describe the effects of the booming economy of San Francisco EXCEPT that

• A)a Committee of Vigilance was formed to promote democratic politics.
• B)middle-class,American-born Protestants campaigned against violence in the streets.
• C)some residents sent their laundry to Hawaii because it was more affordable.
• D)land values in the city soareD.

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Definitions:

Industrial Regulation

Governmental regulation of industries to ensure competition, control prices, prevent monopolies, and protect consumers.

Social Regulation

A form of government intervention in the private sector that aims to protect public welfare, health, safety, and the environment.

Costs Of Production

The total expenses incurred by a company to manufacture a product or provide a service, including materials, labor, and overhead.

Natural Monopolies

Situations in which a single firm can supply a good or service to an entire market at a lower cost than what it would be if there were multiple firms due to economies of scale.