Answer:
1. Correct answer is C) Large corporations could control the cycle of a product from creation to sale..
2. The correct answer is C) to escape racism and violence
3. The correct answer is B) Hispanics were allowed to become American citizens, but the Chinese people were not able to become U.S. citizens.
Explanation:
1. Andrew Carnegie was the first person who implemented the practice of Vertical integration through his company, Carnegie Steel. Due to this, he was able to monopolize the industry and control the whole value chain.
Today, this practice would be considered illegal.
2. During the reconstruction era and the implementation of Jim Crow laws, life for African-Americans was getting extremely difficult. To escape persecution and violence, there was a mass immigration towards Northern States and these people were called Exodusters,
3. After the end of the American-Mexican war, over 75,000 Hispanics living in American annexed land were offered citizenship. A majority of of them accepted and stayed in the US. This was in stark contrast to the Chinese immigrants who were not given this right.
The correct answer is an opportunity cost.
<em>The sacrifice involved in making one decision over another is called an opportunity cost.
</em>
When talking about an opportunity cost, it is referred to as the benfits that exist when making a decision. It could be in business or a personal decision. When one individual makes a decision, there are other options left that can have benefits. The sacrifice involved in making one decision over another is called an opportunity cost. That is why is recommended to make a <u>cost-benefit analysis</u> to contemplate all the benefits.
