In terms of manpower needed to fight the Civil War, the South was disadvantaged by
a. a smaller total population of military-aged males than the North.
b. limited support from free, white males in border states.
c. a population that included over 1 million military-aged slaves who could not be used for direct combat.
d. the fact that some of its manpower had to be used to repress the slave labor force.
e. All of the above.
e. All of the above.
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Personal income is equal to:
a. NI minus personal income tax. b. NI minus net factor income from abroad. c. NI plus income currently earned but not received - income currently received but not earned. d. NI minus indirect business taxes. e. NI plus income currently received but not earned - income currently earned but not received.
Explain how the following apparently contradictory statement can be true: Most spells of unemployment are short, and most unemployment observed at any given time is long-term
Refer to the table below. As stated in the first row, the income of the consumer (1) equals $20. The price of good X (Px) equals $3.00, and the price of good Y (Py) equals $2.00. Total utility derived from consuming X and Y is listed. What combination of goods X and Y will maximize utility subject to the consumer's budget constraint?
Which of the following is an example of limit pricing?
A. In order to buy Microsoft Windows, you must also purchase Internet Explorer. B. Bus rides are cheaper for senior citizens than for other people. C. Prices are set low enough to drive other firms out of a market. D. Prices are set low enough to prevent other firms from entering the market.