By 1860,
(a) less than one-third of Southern farmers owned slaves.
(b) most of the workers on Northern farmers were hired laborers.
(c) immigrants supplied a significant amount of labor to Northern and Southern farmers.
(d) all of the above.
(d)
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Thomas Jefferson's main goals for land policy included all of the following except:
a. To assure secure property rights to the land owned by individuals. b. To establish a system for collecting property taxes on land owned by individuals. c. To provide revenues to the federal government through land sales. d. To encourage the spread of democratic institutions.
In a perfectly competitive labor market, a profit-maximizing firm that is also perfectly competitive in the product market will:
a. face a perfectly inelastic supply curve of labor. b. pay a wage that is equal to the price of the product. c. pay a wage that is equal to the marginal product of labor. d. hire more units of labor than would a firm that sells its output in a monopoly market. e. pay a wage equal to the marginal factor cost.