The most important factor in the demise of the debt peonage in the post-Civil War South was:
a. the impact of the boll weevil.
b. improved roads.
c. the automobile.
d. increased urbanization and industrialization.
d. increased urbanization and industrialization.
You might also like to view...
Which of the following is an example of a stock variable?
a. The amount of cereal in a person's pantry b. The amount of cereal a person buys each week c. The amount of cereal a child consumes each month d. The amount of cereal produced each day e. None of these are stock variables
Entrepreneurs can delegate every one of the following tasks to labor except:
A. hiring and training new employees. B. assuming business risk and uncertainty. C. supervision of the production process. D. marketing the goods and services produced.
Suppose a perfectly competitive firm faces the following cost and revenue conditions: ATC = $25.50; AVC = $20.50; MC = $25.50; MR = $28.50. The firm should
A) decrease output. B) increase output. C) shut down. D) continue to produce its current output.
Along a given demand curve, a decrease in supply will typically
a. decrease price, but the change in quantity could be in either direction b. increase price and decrease the quantity c. decrease price but leave quantity unchanged d. decrease both quantity and price e. increase both quantity and price