The two economic conflicts between the North and the South that led to the Civil War were (1) _________________ and (2) ________________.
Fill in the blank(s) with the appropriate word(s).
the high protective tariff; the extension of slavery into the territories
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The earnings of a Spanish factory with British owners are
A) counted in Spain's GDP. B) part of Britain's GNP. C) only counted in Britain's GDP. D) only part of Spain's GNP. E) counted in Britain's GDP and are a part of Spain's GNP.
All of the following are examples of risky mortgages that became more common in the 2000s EXCEPT
A) alt-A mortgages. B) adjustable-rate mortgages with low rates for a few years and then higher rates in later years. C) mortgages requiring down payments of at least 20%. D) subprime mortgages.
The figure below shows the demand for meals at lunch and dinner for a proposed new restaurant. Suppose the marginal cost of a meal (both lunch and dinner) is constant at $10 per meal and marginal cost of providing the capacity is constant at $5 per meal. Once the managers have determined the profit-maximizing capacity, at lunch they will serve ________ meals and set a price of ________ per meal.
A) 800; $30 B) 200; $20 C) 200; $30 D) 600; $30
____ is the act of buying a commodity in one market at a lower price and selling it in another market at a higher price
a. Buying short. b. Discounting. c. Tariffing. d. Arbitrage.