Which of the following was NOT a major claim of Fogel and Engerman (1974) in their work on slavery?
(a) Slavery was profitable for Southerners.
(b) Slavery slowed the mechanization of the plantations.
(c) Slaves were treated fairly well.
(d) Slavery was efficient.
(b)
You might also like to view...
What rule(s) should a firm follow in deciding optimum output for profit maximization?
What will be an ideal response?
Which of the following would result from an increase in the demand for a good?
A. Both equilibrium price and quantity would rise. B. Both equilibrium price and quantity would fall. C. Equilibrium price would rise, and equilibrium quantity would fall. D. Equilibrium quantity would rise, and equilibrium price would fall.
A nonprice determinant of supply refers to something that:
A. affects supply other than the price. B. affects the price other than supply. C. determines how prices are affected by the seller's income. D. determines how large a role prices play in the supply decision.
Refer to Table 12.1. The expected real rate of interest for Australia is
A) -1.4%. B) 1.4%. C) 6.9%. D) It cannot be determined from the information provided.