The absence of the Southern economy's ability to earn foreign exchange and its markets severely impacted all non-local trade in the U.S. after the Civil War

Transfer programs are so named because they transfer:

a. the burden of poverty alleviation from the church to the state. b. the poverty from the country side to the city. c. the responsibility for maintaining minimum standards of living from the federal government to state governments. d. income from the relatively high-income people to relatively low-income people. e. the incidence of poverty from predominantly ethnic groups to the majority white population.

Define the following terms briefly and concisely

a. stock b. bond c. portfolio diversification d. speculation e. random walk