The demand for slaves was increasing more rapidly in cities than on plantations
Indicate whether the statement is true or false
False
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If we moved from point T to point R we would be
A. giving up trips for more transplants.
B. giving up transplants for more trips.
C. gaining both trips and transplants.
D. losing both trips and transplants.
Explain the Heckscher-Ohlin theorem
What will be an ideal response?
Creditors supply loans to sole proprietors at a high rate of interest because of:
a. their low profit expectancy from this business. b. frequent experience of loan default. c. their inability to call in their loans or sell them to others. d. their general risk-averse nature.
If the demand curve for bologna shifts to the right as income falls then bologna is a(n):
A. complementary good. B. substitute good. C. normal good. D. inferior good.