Who Made Up the Grange, and What Effect Did They

question 45

Multiple Choice

Who made up the Grange, and what effect did they have on the writing of the Texas constitution?

• A) They were a consortium of railroad entrepreneurs who wanted a constitution that would aid business interests.
• B) They were a group of pro-Union Republicans who controlled the state after the Civil War.
• C) They were an agricultural group who wanted a government that would improve the plight of farmers.
• D) They were early wildcatters who wanted land grants from the state so they could explore for oil.
• E) They were a group of pro-independence landowners who wanted Texas to secede from the Union.

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Definitions:

Isocost Curve

An isocost curve represents all combinations of inputs which result in the same total cost for a firm, essentially showing the trade-offs between different types of inputs while maintaining the same budget.

Wage Rate

The amount of money paid to an employee per unit of time worked, often expressed per hour or year.

Rental Cost

The price paid for the temporary use of a good, service, or property owned by another party.

Optimal Combination

An optimal combination refers to the selection of goods, services, or inputs that provides the highest satisfaction or return for a given cost or the lowest cost for a given level of satisfaction or output.