From the 1ate 1780s to immediately before the Civil War, the U.S. slave population:
a. increased from roughly 300,000 to over 6 million.
b. increased from roughly 600,000 to almost 4 million.
c. stayed roughly the same.
d. increased by nearly 10 million.
b. increased from roughly 600,000 to almost 4 million.
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Assume a manager of a major league baseball team has a player that is the best pitcheron team the team. However, he decides to to have him play right field instead. It turns out that he is not the best right fielder on the team
How might this manager defend his decision?
If a good has an income elasticity of demand greater than one, one might classify that good as
A) a necessity. B) a luxury. C) unusual. D) inelastic.
The highest measured rate of unemployment in the United States occurred during
A) the post-WWII years. B) the Panic of 1893. C) the Carter administration. D) the Great Depression.
The change in total revenues resulting from a change in output of one unit is
A) average revenue. B) marginal revenue. C) quantity revenue. D) price revenue.