After the Civil War the southern sharecropper was often tied to the land by an economic system similar to although less onerous than slavery, and known as ______
a. debt peonage
b. the labor redundancy system
c. immiserizing growth
d. the Sea Islands system
a. debt peonage
Economics
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The textbook's example of urban traffic flows demonstrates the notion of single-minded pursuits of one's own best interest
A) creates traffic jams. B) interferes with achievement of the public interest. C) produces social cooperation under appropriate rules of the road. D) will not work to any single person's advantage. E) will work to some people's advantage but will harm the vast majority.
Economics
In the factor payments approach to GDP, owners of capital receive
a. wages b. salaries c. rent d. interest e. profit
Economics