The two main sources of household income are wages/salaries and property income.
Answer the following statement true (T) or false (F)
True
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Between 1850 and 1950 the productivity of the average American farm worker
A. declined. B. remained about the same. C. doubled. D. quadrupled.
When the federal government gives a grant to a state or local government without restrictions on use, this is known as
A. revenue sharing. B. block grants. C. endowments. D. tax shelter.
Joe's income is $500, the price of food (F) is $2, and the price of shelter (S) is $100. Which of the following bundles is in Joe's opportunity set?
A) 50 units of food, five units of shelter B) 200 units of food, two units of shelter C) 100 units of food, one unit of shelter D) 150 units of food, three units of shelter
Which statement is most accurate about the U.S. between 1800-1860?
a. New states were always permitted to choose whether they wanted to be free or slave states. b. Slaves were prohibited from the western territories and new states. c. The threat of having their jobs replaced by slaves led many southerners to unionize. d. The total value of slaves in the U.S. increased substantially after the slave trade was stopped in the early 1800s.