Which of the Following Statements Describes the Relationship Between the Economies

question 34

Multiple Choice

Which of the following statements describes the relationship between the economies of the North and the South in the mid-nineteenth century?

• A) Both the South and the North had equally strong economies in 1860.
• B) The wealth of the industrializing Northeast was increasing more quickly than that of the South.
• C) Southerners' wealth in slaves made the South's economy ten times stronger than the North's.
• D) The economy of the North was stronger and more prosperous than that of the South.

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Definitions:

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service, especially a percentage of the money received from a total paid to the agent responsible for the business.

Principals

The original amount of money invested or loaned, on which basis interest and returns are calculated.

Total Commission

The entire amount of money earned by an individual or a company as a result of successfully completing a sale or series of sales.

Commission Payment Plans

Arrangements where salespersons or employees are paid based on their sales or performance, usually as a percentage of the revenue they generate.