After the Civil War, the Southern manufacturing sector
a. declined along with the agricultural sector.
b. did not reach pre-War levels until the 20th century.
c. recovered much more quickly than the agricultural sector.
d. was slow to recover because of slow repairs to the South's transportation network.
c. recovered much more quickly than the agricultural sector.
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The labor demand curve represents the relationship between the quantity of labor demanded at:
A) different income tax rates. B) different values of average product of labor. C) different wage rates. D) different prices of the good that labor is used to produce.
Define the three key principles of economics
What will be an ideal response?
In the above figure, a price of $15 per dozen roses would result in a ________ so that the price of roses will ________
A) surplus; rise B) surplus; fall C) shortage; rise D) shortage; fall
Suppose the U.S. dollar gains strength against the euro (and against other major currencies). This strengthening of the dollar will cause which of the following to occur?
A) The aggregate demand curve will shift to the right and the short-run aggregate supply will shift to the right. B) The aggregate demand curve will shift to the left and the short-run aggregate supply will shift to the right. C) The aggregate demand curve will shift to the right and the short-run aggregate supply will shift to the left. D) the aggregate demand curve will shift to the left and the short-run aggregate supply will shift to the left.