From an ethical standpoint, the plantation owners of the South typically saw the system of slavery as
(a) basically superior to the wage-labor system of the North.
(b) basically inferior to the wage-labor system and only likely to exist temporarily.
(c) basically equal to the wage-labor system but more profitable.
(d) not needing a moral justification because slavery had been accepted without
question throughout most of human history.
(a)
You might also like to view...
Inflation is measured
A) as the percentage change in the consumer price index. B) as the percentage change in real GDP. C) using the level of real GDP. D) using the level of the consumer price index.
With what measure does cyclical unemployment tend to move?
A. Per capita GDP growth rate B. Nominal GDP C. Inflation D. GDP deflator
A mandatory seatbelt law ends up raising the number of traffic fatalities if it lowers fatalities per accident from 0.12 to 0.08 while raising the number of accidents per period from 400,000 to any more than
A) 480,000. B) 600,000. C) 660,000. D) 770,000.
If a depletable resource is selling in a perfectly competitive market, its expected price will continue to fall over time. This makes it unprofitable for firms to seek out the resource and bring it to market.
Answer the following statement true (T) or false (F)