The comparative advantage of the South was in
(a) small farms producing for the local market.
(b) plantation agriculture producing for export.
(c) manufacturing.
(d) shipbuilding and trades related to shipbuilding.
(b)
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After the imposition of the quota, the amount of revenue collected by the government is ________.
A. $75,000 B. $0 C. $150,000 D. $50,000
Which of the following statements is true of the U.S. economy in the last 200 years?
A) The growth rate of GDP has been more than 10% per year. B) The GDP per capita has decreased. C) The GDP per capita has increased. D) There has been no contraction in the economy.
Karl Marx said that whoever controlled a society's __________ controlled that society.
Fill in the blank(s) with the appropriate word(s).
Hitler's Germany was an example of a _________ economic system.
A. Capitalist B. Fascist C. Communist D. Socialist