According to the research of economic historians, Southern farms
(a) realized the gains from regional specialization in the production of cotton, tobacco, sugar
and rice.
(b) used the gang system to increase the production of slaves.
(c) were far larger, on average, than farms in the North.
(d) were all of the above.
(d)
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If the expected price level increases at the same time that the federal government cuts taxes, in the short run
A) aggregate output and the price level will both increase. B) aggregate output will increase, but the price level will fall. C) aggregate output and the price level will both fall. D) the price level will increase, but aggregate output may either increase or decrease.
According to the graph shown, if this economy were to open to trade, surplus would do all of the following except:
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. increase overall.
B. decrease for the producer.
C. transfer from producer to consumer.
D. create deadweight loss of CEFG.
What is another term for time value of money?
A. Net present value B. Internal rate of return C. Opportunity cost of funds D. Yield to maturity
The business sector in the United States has the most influence on
a. primary education. b. on-the-job training. c. teacher training. d. higher education.