Which of the following is not an example of a transfer payment?

If there is surplus of a good, then the quantity demanded ________ the quantity supplied and the price will ________

A) is less than; rise B) is less than; fall C) is greater than; rise D) is greater than; fall

What type of person would you expect to have the shortest indenture?

a. 13 year-old male craftsman who went to New England b. 22 year-old male laborer who went to the West Indies c. 20 year-old male farm worker who went to the South d. 21 year-old male carpenter who worked in the West Indies