The Dred Scott v. Sanford decision of the U.S. Supreme Court in 1857
(a) made all persons born in the U.S. citizens.
(b) provided U.S. citizenry to the children of U.S. born slaves.
(c) permitted slaves to sue others in courts.
(d) prevented slaves from being taken away from their owners without due process.
(d)
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The aggregate supply curve (short run) ________.
A. graphs as a horizontal line B. slopes downward and to the right C. slopes upward and to the right D. graphs as a vertical line
The present value of a sum to be received in the future is greater
A) the greater the interest rate. B) the less the time period before receiving the sum. C) the greater the inflation rate. D) the greater the discount rate.
Jean Baptiste Say believed in all of the following EXCEPT that
A. Supply creates its own demand. B. People work so that they can save. C. Everything produced in an economy is sold. D. The normal state of economic affairs is full employment.
The presence of government in the market leads to:
A. benefits at no cost to society. B. rent seeking. C. adverse selection. D. externalities.