In the decades before the Civil War, the South __________________________.
A. opposed the extension of slavery into the territories
B. supported the extension of slavery into the territories
C. cooperated with the North to establish both free and slavery territories
D. None of the choices are true
B. supported the extension of slavery into the territories
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When a relevant variable that is not named on either axis changes,
a. there will be a movement along the curve. b. the curve will rotate clockwise. c. the curve will be unaffected since only the variables on the axis affect the curve. d. the curve will shift.
When unwanted inventories pile up in retail stores, retail managers will take actions that lead to greater
A. Wages. B. Economic growth. C. Inflation. D. Unemployment.
Costs that are borne solely by the individuals who incur them are
A) private costs. B) social costs. C) external costs. D) transaction costs.
The goods and services that firms purchase and turn into final goods and services are called
A. outputs. B. exports. C. inputs. D. none of the above.