Which of the following statements about the slave family in the U.S. is most accurate?
a. Slave owners preferred slaves who lived in intact families.
b. In most two-parent slave families, the parents lived on different plantations.
c. The father was white in about 75 percent of the households headed by single slave mothers.
d. About half of children under 15 years of age were sold away from their families.
a. Slave owners preferred slaves who lived in intact families.
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The above figure illustrates a perfectly competitive firm. Curve A represents the
A) MR curve. B) ATC curve. C) MC curve. D) AVC curve. E) AFC curve.
Direct finance refers to the flow of funds from savers to borrowers through financial markets
Indicate whether the statement is true or false
Suppose a wind turbine is located in a residential area. The noise from the turbine imposes a cost on the households that live near the turbine. However, if the turbine company has to reduce the noise level, it has to incur huge costs, which will significantly reduce the value of the turbine operation. According to the Coase Theorem, which of the following is the best solution? a. The turbine
company should be assigned the property rights to operate in the locality. b. The households in the locality should be assigned the property rights to stop any noise pollution from the turbine operation. c. The government should impose a command-and-control regulation. d. The property rights can be given to either party, provided the rights are clearly specified.
In 2007 and 2008, the prices of both corn and soybeans increased sharply because
A. corn and soybeans are "alternative outputs." B. unprecedented expansion in all federal government price support programs. C. of an unseasonably warm spring in the "grain belt" states of Indiana, Illinois, and Iowa. D. all agricultural grain prices always rise and fall together.