Why did the slave-labor system probably cause a lag in Southern urban and industrial development?
(a) The slave system provided a weak market for goods because of the low income and consumption levels of slaves.
(b) Side-effects of urbanization and industrialization, such as slave flight and greater freedom, were threatening to Southern owners.
(c) The South's slave society culture was resistant to manufacturing and urbanization.
(d) All of the above apply.
(d)
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If the amount paid as unemployment benefits decreases, the opportunity cost of job search
A) falls and people stay unemployed for a shorter time. B) rises and people would stay unemployed longer. C) rises and people stay unemployed for a shorter time. D) falls and people stay unemployed for a longer time. E) is not affected because unemployment benefits do not change job availability.
Explain why checks on principals might be necessary
What will be an ideal response?
Bank regulation exists because public authorities are convinced that
a. the balance between public interest and safety does not affect profitability, and should be removed from the hands of managers. b. the balance between bank profitability and public interest cannot be handled with legislation, but can be handled with regulation. c. the balance between bank profitability and safety cannot be left to profit-maximizing managers. d. the balance between bank safety and public interest can best be obtained by reliance on the market.
If the multiplier = 2.5, the MPS would be:
A. 0.25. B. 0.4. C. 0.6. D. 0.75.