Slaves were
(a) unprofitable substitutes for wage labor on plantations.
(b) profitable complements to capital equipment.
(c) denied the use of shovels, hoes and axes.
(d) all of the above.
(b)
Economics
You might also like to view...
An increase in the income tax rate ________ the value of the tax multiplier
A) decreases B) increases C) has no effect on D) may increase or decrease
Economics
Refer to Figure 15-11. In the dynamic model of AD-AS in the figure above, if the economy is at point A in year 1 and is expected to go to point B in year 2, the Federal Reserve would most likely
A) decrease the inflation rate. B) decrease interest rates. C) not change interest rates. D) increase interest rates.
Economics