In the early 20th century, streetcars in many southern cities required that white passengers sit in the front of the car while black passengers sat in the back. The firms that ran the streetcars were
a. in favor of the segregation laws because they lowered costs and increased profits.
b. against the segregation laws because they increased costs and lowered profits.
c. lobbied local governments to enact such laws because their customers were willing to pay more for service in order to maintain the segregation.
d. concerned about the effects of smoking. Since blacks smoked more than whites, they were supportive of the segregation laws.
b
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Which of the following statements about economic scarcity is FALSE?
A) Scarcity occurs among the poor and the rich. B) Scarcity only occurs if there are shortages and people wait in line to buy things. C) Scarcity results from not having enough resources to produce all the things we want. D) Scarcity results in the necessity to make choices.
A highly technical product is more likely to be sold by mass advertising as it signals to the consumers that the product is of dependable quality
Indicate whether the statement is true or false