After the war of 1812, what did james madison advocate to make american manufactured products cheaper and more competitive in both domestic and foreign markets?
a. the embargo act
b. a protective tariff
c. a blockade against the british
d. a foreign trade agreement with britain and france

the correct answer is “opportunity cost”. opportunity cost is what a company misses out because it decided in one option over another one. in this case, the company decided to invest in building a factory so it gave up another possible benefit or profit in order to achieve success with the factory.  

trade-off is not the correct answer since it is a situation in which you accept losing something in return for benefits in other areas.

and finally, consequence is a general term used to accept what it comes when you make a decision. it can be a positive or negative consequence depending if the decision you took was the correct one.  

the answer is a. since they were a huge producer of cotton and wanted the most money for it.