Which One of the Following Was a Basic Economic Conflict

question 106

Multiple Choice

Which one of the following was a basic economic conflict between the North and the South in the years preceding the Civil War?

• A)The North opposed the high protective tariffs the South supported to protect its manufactured goods.
• B)The South opposed the high protective tariffs the North supported to protect its manufactured goods.
• C)The North demanded the abolition of slavery.
• D)The North opposed the building of a transcontinental railroad.

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Definitions:

Annuity

An annuity is a financial offering that ensures a regular payout to an individual, chiefly employed as a means of financial support for retired persons.

Compounded Quarterly

Interest calculated and added to the principal every quarter (three months), which then accrues additional interest in subsequent quarters.

Economic Advantage

The benefit gained by making a decision that results in the optimal utilization of resources, leading to a better outcome compared to other alternative decisions.

Residential Building Lot

A parcel of land designated for the construction of a single-family home or multiple residential units.