Which statement holds true for the period of slavery in U.S. history?
(a) Slavery was a moral institution.
(b) The system wasted natural resources.
(c) It provided slaveholders with incentives to avoid purchasing farm implements.
(d) It developed land and profitably produced agricultural goods for sale in world markets.
(d)
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In the circular flow model with the government sector, transfers
A) flow only through the goods market. B) flow in the same direction as do taxes. C) flow in the opposite direction as do taxes. D) to firms flow in the same direction as do rent, wages, interest, and profits. E) to households flow in the same direction as do expenditures on goods and services.
Suppose the market for pizza makers is initially in equilibrium, but then the equilibrium wage rate and the equilibrium quantity of labor both increased. What happened in the market for pizza makers?
A) The demand for pizza makers increased. B) The demand for pizza makers decreased. C) The supply for pizza makers increased. D) The supply for pizza makers decreased.
What is the potential money multiplier if the reserve requirement is 4%?
a) 2.5 b) 4 c) 14 d) 25
A supply curve
A. has a direct or positive relationship between price and quantity supplied. B. has an indirect or negative relationship between price and quantity supplied. C. shows the relationship between complements. D. shows the relationship between quantity supplied and income.