Even though reliable data is lacking, the Beard-Hacker Thesis maintains that the Civil War (1861–1865)
(a) was more costly to the South than to the North.
(b) ended Southern prosperity through the abolition of slavery.
(c) increased immigration to the U.S.
(d) sped up the industrialization of the U.S.
(d)
You might also like to view...
Refer to Table 4-4. What is the equilibrium hourly wage (W*) and the equilibrium quantity of labor (Q*)?
A) W* = $9.00; Q* = 370,000 B) W* = $9.00; Q* = 740,000 C) W* = $8.50; Q* = 380,000 D) W* = $8.50; Q* = 360,000
Figure 7-3
?
Government provides many goods and services to the public because they are not provided by free markets. Some economists believe bureaucrats who manage the programs have no interest in maximizing net benefits (profits) but instead maximize the size of a program constrained only by the need to have total benefits exceed total costs. Figure 7-3 shows total benefits and cost curves for a program. What point is the efficient point, and what point will the bureaucrat choose?
A. A and B, respectively B. B and D, respectively C. D and C, respectively D. D and A, respectively
Differences in stages of development among countries are reflected in a number of ways besides per capita income
a. True b. False
If a bank has $100,000 in demand deposits, reserves of $20,000 . and no excess reserves, then the legal reserve requirement is
a. 10 percent b. 20 percent c. 25 percent d. 30 percent e. 50 percent