With regard to the cost of the Civil War (1861–1865), Hughes and Cain (2011) argue all of the following except
(a) It mobilized idle men and other resources on a vast scale.
(b) The cost of the lives lost can be measured using the concept of "human capital."
(c) The war's cost could have purchased all the slaves from their owners at 1860 prices, given each slave family 40 acres and a mule, and still had $3.5 billion left over for "reparations"—back wages to the freed slaves.
(d) The real burden was widely felt by those individuals who owned Confederate financial assets, those whose crops and farm animals were sequestered, those whose homes and farm buildings were destroyed, and the dead.
(a)
You might also like to view...
When the price of a gallon of orange juice rises from $1.50 to $2.00, the number of gallons of apple juice demanded rises from 20,000 to 30,000 per year
Use the midpoint formula to calculate the cross-price elasticity between orange juice and apple juice. What does the sign imply about the relationship between these two goods?
As a percentage of GDP, federal expenditures ________ from 1950 to the early 1990s, ________ from 1992 to 2001, and have ________ since 2001
A) rose; rose; fallen B) fell; rose; fallen C) rose; fell; risen D) fell; fell; risen
A good that is used as a medium of exchange as well as being a consumption good is called
A) a barter money. B) a commodity money. C) a legal tender. D) a debased money.
If the supply of labor increases while demand for labor is unchanged,
A) the real wage and labor productivity will increase. B) the real wage will decrease and labor productivity will increase. C) the real wage will increase and labor productivity will decrease. D) the real wage and labor productivity will decrease.