During the second half of the nineteenth century and first half of the twentieth century, per capita incomes on the West Coast of the US were ___ than the national average, and per capita incomes in the South were ___ than the national average
a. lower, higher.
b. higher, lower.
c. lower, lower.
d. higher, higher.
b. higher, lower.
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Which of the following remedies can be used to prevent the beekeeper and the farmer from breaking the contract?
a. Separating the ownership and management of the bees and trees. b. Merging the ownership and management of the bees and the trees. c. Providing the farmer a larger share of the net benefit received from the contract. d. Providing the bee keeper a larger share of the net benefit received from the contract.
The phrase "leakages equal injections" means:
a. that money lost buying imports equals the money injected from people in foreign countries buying our exports. b. that government must purchase surplus grain and other agricultural commodities to inject enough income into the farm economy to make up for leakages due to floods and other natural disasters. c. that aggregate income arising from the production of goods and services equals the aggregate expenditures on that production. d. that total consumption of households equals total investment of the firms.