Which statement is most accurate about the U.S. between 1840 and1860?
a. The per capita income of free people in the West South Central was about twice the national average.
b. The per capita income of free people in the entire U.S. decreased.
c. The per capita income of free people in the entire U.S. increased, but increased more slowly than it did before the Revolution.
d. The Northeast was the poorest part of the nation, as measured by per capita income of free people.
a. The per capita income of free people in the West South Central was about twice the national average.
You might also like to view...
Ceteris paribus, a 10 percent increase in income results in a 50 percent decline in the quantity of potatoes purchased. This implies potatoes can be categorized as _____
a. complements b. substitutes c. inferior goods d. normal goods e. luxury goods
Stabilization policy often faces a trade-off between inflation and unemployment
a. True b. False Indicate whether the statement is true or false