The economics of slavery suggests that
(a) slave labor produced efficiencies in Southern agriculture.
(b) slave owners possessed economic incentives to beat and exploit their slaves.
(c) Southern agriculture was less profitable than northern farming.
(d) Southern agriculture was just and moral.
(a)
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What creates an incentive for firms in a collusive agreement to cheat and increase output?
What will be an ideal response?
As more bananas are consumed, marginal utility decreases at
a. the same rate for all people, approaching but never reaching zero b. the same rate for all people, and eventually becomes negative c. different rates for different people, and for everyone, it approaches but never reaches zero d. different rates for different people, and eventually, for everyone, it becomes negative e. different rates for different people, and eventually reaches zero where it remains (it cannot be negative)
If supply is upward-sloping and demand is downward sloping, what happens to the equilibrium real risk-free interest rate and quantity of real loanable funds per time period if there is a decrease of financial international capital flows into a nation:
a. The real risk-free interest rate rises and the quantity per time period falls. b. The real risk-free interest rate rises and the quantity per time period rises. c. The real risk-free interest rate falls and the quantity per time period falls. d. The real risk-free interest rate rises and the quantity per time period does not change. e. The real risk-free interest rate rises and the quantity per time period is uncertain.
Which best describes the lower endpoint of a confidence interval?
A. point estimate plus margin of error B. point estimate C. margin of error D. point estimate minus margin of error