The demise of debt peonage in the post-Civil War South was partly due to all of the following except:
a. the arrival of the boll weevil.
b. improved transportation and the growth of mail-order houses.
c. increased urbanization and industrialization.
d. federal land reform legislation that redistributed the ownership of southern land.
d. federal land reform legislation that redistributed the ownership of southern land.
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What are the determinants of price elasticity of demand?
What will be an ideal response?
The unemployment rate for blacks is generally ___ the unemployment rate experienced by whites.
Fill in the blank(s) with the appropriate word(s).
You receive $500 today which you plan to save for two years. Also, in two years you will be given another $500 . If the interest rate is 5 percent, what is the present value of the payment of $500 today and the $500 in two years?
a. $500(1.05)2 + $500/(1.05)2 b. $500(1.05)2 + $500 c. $500 + $500/(1.05)2 d. $500 + $500
An oligopoly is a market: a. dominated by a few buyers. b. dominated by one buyer
c. dominated by a few sellers. d. with many sellers.