The end of slavery in the United States represented
A) a large wealth transfer from the South to the North.
B) a large wealth transfer from the future to the present.
C) a large wealth transfer from Southern slave-holders to newly freed slaves.
D) a nominal wealth transfer from Southern slave-holders to newly freed slaves.
C
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_____ results from shifts in the demand for goods and services or changes in technology in the economy.
A. Structural unemployment B. Frictional unemployment C. Cyclical unemployment D. None of the choices are correct
How would a decline in demand for imported commodities by the Chinese affect the market for cargo transportation to China?
A. Supply of cargo transportation shifts to the right causing an increase in demand and equilibrium quantity and a decrease in equilibrium price. B. Supply of cargo transportation shifts to the right causing an increase in quantity demanded and decline in equilibrium price. C. Demand for cargo transportation shifts to the left causing a decline in supply and equilibrium quantity and price. D. Demand for cargo transportation shifts to the left causing a decline in quantity supplied and price.
Spot checks are typically a solution to the:
A. manager-worker, principal-agent problem. B. manager-consumer, principal-agent problem. C. consumer-worker, principal-agent problem. D. None of the statements is correct.
Which of the following would decrease the cyclically adjusted deficit?
A) an increase in income B) a decrease in income C) an increase in the primary deficit D) a decrease in the primary deficit E) none of the above