Which statement is false?
A. During the 19th century the main cash crops grown in the South were cotton, rice, sugar, and tobacco.
B. The only real economic conflict between the North and the South before the Civil War was over slavery.
C. It took most parts of the South about a century to recover economically from the effects of the Civil War.
D. Southern agriculture developed very differently from agriculture in other regions of the nation.
B. The only real economic conflict between the North and the South before the Civil War was over slavery.
You might also like to view...
Which of the following statements is true?
A) A rational economic agent is not likely to optimize. B) Cost-benefit analysis can also be used for normative economic analysis. C) Cost-benefit analysis does not yield the same result as optimization analysis. D) The net benefit of an option that costs $50 and provides a benefit of $100 is equal to $150.
External scale economies are more likely to arise in an industry
A. in which firms readily share technology improvements. B. in which a single firm dominates the market. C. in which a few dominant firms compete aggressively with each other using product prices. D. that is solely export oriented.
A production function defines the output that can be produced
A) at the lowest cost, given the inputs available. B) for the average firm. C) if the firm is technically efficient. D) in a given time period if no additional inputs are hired. E) as technology changes over time.
The issue of bonds in corporate financing
A. is cheaper than stocks in the long run to the issuer. B. is riskier than stocks to the issuer. C. commits the issuer to make fixed annual payments even if profits are negative. D. All of these responses are correct.