Match the Term with the Definition

question 21

Multiple Choice

Match the term with the definition.
-Battle fought in Pennsylvania (July 1-3, 1863) between Union forces under General Meade and Confederate forces under General Lee. The Union emerged victorious, and Lee lost more than one-third of his men. Together with Vicksburg, this battle marked a major turning point in the war.

• A)battle of Antietam
• B)battle of Bull Run (Manassas)
• C)battle of Gettysburg
• D)battle of Shiloh
• E)contraband of war
• F)Emancipation Proclamation
• G)Fort Sumter
• H)King Cotton diplomacy
• I)New York City draft riots
• J)Sherman's March to the Sea
• K)siege of Vicksburg
• L)Union blockade

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Definitions:

Barriers

Obstacles or impediments that prevent or hinder access, movement, or progress within a particular area or context.

Perfect Competition

A market structure characterized by an infinite number of small firms, identical products, no barriers to entry or exit, and perfect information among buyers and sellers.

Maximizing Profit

The procedure a business uses to establish the optimal price and amount of production for the highest profit.

Total Profit

The total financial gain generated from a business activity after subtracting all expenses and costs associated with producing and selling goods or services.