In terms of manpower needed to fight the Civil War, the South was disadvantaged by
a. a smaller total population of military-aged males than the North.
b. limited support from free, white males in border states.
c. a population that included over 1 million military-aged slaves who could not be used for direct combat.
d. the fact that some of its manpower had to be used to repress the slave labor force.
e. All of the above.
e. All of the above.
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According to the real-business-cycle perspective
A) the economy cannot be stabilized by policy activism. B) the Phillips curve is very important. C) passive policy making is important. D) active policy making is important.
Cheating in a cartel is more likely to occur if the industry
A) has a large number of firms. B) has homogeneous products. C) has easily observable prices. D) has little ability to affect market prices.