Which of the following was not claimed in the book Time on the Cross, by Fogel and Engerman (1974)?
(a) Slavery was growing stronger economically before the Civil War.
(b) Slave agriculture in the South was more productive than was family farming in the North.
(c) Slave breeding and sexual exploitation by slave owners were normal aspects of the slave system.
(d) Slave field hands were harder working and more efficient than were white agricultural workers.
(c)
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Given the budget line in the figure above, the combination of chips that is NOT affordable is
A) a. B) b. C) c. D) d.
Under the gold standard, a nation’s domestic economic policy
a. was subordinate to balance-of-payments adjustments. b. controlled balance-of-payments adjustments. c. was unrelated to balance-of-payments adjustments. d. was controlled by the World Bank.
Refer to the following graph. The price of capital (r) is $20.
Why wouldn't the firm choose to produce 5,000 units of output with the combination at A?
A. At A, MPK / r > MPL / w. B. At A, MRTS < 3/2. C. At A, MPL > MPK. D. both a and b E. none of the above
The components of option premiums are:
A. Intrinsic value, if any B. Time value, if any C. The sum of (A) and (B) D. The strike price and brokerage commission