Many of the Founding Fathers considered the emancipation of slaves to be
(a) a necessary evil in overcoming the British during the war.
(b) less important than the issues of whether blacks should be prevented from coming to the United States and whether freed slaves should be deported.
(c) paramount in establishing the new nation on a solid ideological foundation.
(d) a states' rights issue.
(b)
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The profits from firms who engage in first-degree price discrimination are_____.
A. price-gouging their customers B. showing increased opportunity costs C. less than firms who do not use price discrimination D. equal to consumer surplus
In the long run, the unemployment rate
A) is equal to the expected unemployment rate. B) is zero. C) can take on any value. D) is equal to the natural unemployment rate. E) must be equal to the expected inflation rate.
Elasticity is a measure of:
a. the slope of a linear demand curve. b. the slope of a supply curve. c. relative responsiveness. d. economic welfare. e. consumer tastes.
What are substitute goods, and how does a change in the price of one substitute good influence the demand for the other?
What will be an ideal response?