Conrad and Meyer (1958) counter Fogel and Engerman's (1974) claim that slave breeding was a myth by arguing that any profit-maximizing slave owner would consider slave breeding as long as:
(a) The expected rate of return from slave sales fell below the costs of rearing the slave to the age of sale.
(b) Slavery was an irrational institution.
(c) The expected rate of return from slave sales exceeded the costs of rearing the slave to the age
of sale.
(d) Slavery was an immoral institution.
(c)
Economics
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The table above shows three production methods to produce 100 automobiles per day. If the price of labor is $20 per unit and the price of capital is $100 per unit, which of the three methods is economically efficient?
A) Method A only B) Method B only C) Method C only D) All three methods are economically efficient.
Economics
The Social Security trust fund is an asset to the federal government and a liability, simultaneously
a. True b. False
Economics