Why did the slave-labor system probably cause a lag in Southern urban and industrial development?
(a) The slave system provided a weak market for goods because of the low income and consumption levels of slaves.
(b) Side-effects of urbanization and industrialization, such as slave flight and greater freedom, were threatening to Southern owners.
(c) The South's slave society culture was resistant to manufacturing and urbanization.
(d) All of the above apply.
(d)
Economics
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In the above figure, a price of $15 per dozen for roses would result in
A) equilibrium. B) a shortage. C) a surplus. D) downward pressure on prices.
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Refer to Table 1-4. What is Eva's marginal benefit if she decides to stay open for two hours instead of one hour?
A) $25 B) $36 C) $60 D) $95
Economics