The colony of Georgia was established in 1732 . During the colony's early years,:
a. each arriving settler received a 50-acre farm.
b. cotton plantations were the primary source of income.
c. the slave population assisted free colonists in defending the Georgia-Florida border.
d. the slave population exceeded the free population.
e. All of the above.
a. each arriving settler received a 50-acre farm.
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Suppose $1 = 120 yen in New York, $1 = 2 euros in London, and one euro = 75 yen in Tokyo. A speculator with $1 million would get a profit of __ by engaging in a 3-point arbitrage.
a. $1.20 b. 150,000 yen c. $250,000 d. $1.25 million
If a shortage exists in a market, then we know that the actual price is
a. above the equilibrium price, and quantity supplied is greater than quantity demanded. b. above the equilibrium price, and quantity demanded is greater than quantity supplied. c. below the equilibrium price, and quantity demanded is greater than quantity supplied. d. below the equilibrium price, and quantity supplied is greater than quantity demanded.