By the 1830s, young women and children
(a) were a very important portion of the industrial work force, about 40%.
(b) were a minor portion of the industrial work force, about 10%.
(c) were a moderate portion of the industrial work force, about 25%.
(d) were not a part of the "industrial" work force because legislation forbade
it in order to protect young women and children.
(a)
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The above figure shows the U.S. market for chocolate. With international trade, consumer surplus is equal to
A) area A + area B + area C + area D. B) area A. C) area B + area C + area D. D) area C + area D. E) area E.
In a price-taker market, the short-run market supply curve is the
a. vertical sum of the marginal cost curves of all firms in the market. b. vertical sum of the average variable cost curves of all firms. c. horizontal sum of the marginal cost curves of all firms so long as price exceeds average variable cost. d. horizontal sum of the average total cost curves of all the firms in the market so long as average total cost exceeds the market price.
Give a scenario of a perfectly competitive firm finding the profit-maximizing level of output over a several-year period.
What will be an ideal response?
Establishing rules for voter registration is an example of a(n)
A. transfer payment. B. public good. C. economic function of government. D. political function of government.