Absorption Refers to

question 112

Multiple Choice

Absorption refers to

• A)the total amount of imports purchased by a country.
• B)the net amount of imports purchased by a country.
• C)total spending by domestic residents, businesses, and governments.
• D)GDP less desired consumption, desired investment, and government purchases.

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Definitions:

Virginia and Kentucky Resolutions

Statements drafted in 1798 and 1799, arguing that the U.S. states have the right to nullify federal laws considered unconstitutional, in response to the Alien and Sedition Acts.

Indian Removal

The 19th-century policy initiated by the U.S. government aimed at relocating Native American tribes from their ancestral homelands in the Southeast to territories west of the Mississippi River.

Trail of Tears

The forced relocations of Native American nations from their ancestral homelands in the Southeastern United States to areas west of the Mississippi River during the 1830s.

Cotton Cultivation

The agricultural process of growing cotton plants for their fibers, which are harvested and processed to make textile products.