In the early twentieth century, streetcars in many southern cities were segregated by race. This racial segregation was the result of
a. laws that required such segregation.
b. long-standing southern traditions about which the law was silent.
c. streetcar firms trying to maximize profits.
d. streetcar firms trying to minimize costs.
a
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The table above gives the labor market for a small foreign economy. Equilibrium in the labor market occurs at a real wage rate of
A) $7.15 per hour. B) $8.50 per hour. C) $9.00 per hour. D) $7.65 per hour. E) $8.00 per hour.
Refer to Figure 2-14. What is the opportunity cost of producing 1 popsicle in Greenland?
A) 2/3 of a snow cone B) 5/6 of a snow cone C) 1 1/5 snow cones D) 240 snow cones
What is the relationship between market failure and government failure?
What will be an ideal response?
Neoclassical economists believe that the government fosters economic growth by providing a stable economic environment with a low rate of ____________ and tax rates that are low and unchanging.
a. importing b. growth c. unemployment d. inflation