Which of the Following Is False

question 37

Multiple Choice

Which of the following is false?

• A)The completion of the national railroad network by 1890 led to the development of a national American market rather than just a series of smaller regional markets.
• B)Northern manufacturers benefited from high protective tariffs,which kept out cheaper British goods.
• C)The U.S.was the first mass-consumption society.
• D)Aside from slavery,southern and northern agriculture were very similar.

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Definitions:

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, including both private costs and any externalities.

Marginal Cost

The cost added by producing one additional unit of a product or service.

Recycling

Recycling is the process of converting waste materials into new materials and objects, aiming to reduce the consumption of fresh raw materials and minimize environmental impacts.

Marginal Social Benefit

The additional benefit to society from the production or consumption of one more unit of a good.