The economics of slavery suggests that
(a) slave labor produced efficiencies in Southern agriculture.
(b) slave owners possessed economic incentives to beat and exploit their slaves.
(c) Southern agriculture was less profitable than northern farming.
(d) Southern agriculture was just and moral.
(a)
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An isocost line shows
A) combinations of the two inputs that result in the same profit for a firm. B) the different levels of total cost that result from various combinations of two inputs. C) combinations of two inputs that result in the same total cost for a firm. D) combinations of two inputs that result in the same total output for a firm.
The issue of Fed independence is most often raised by
A) disagreement over the role the Fed should play in managing monetary policy. B) the Fed's refusal to carry out the wishes of the President. C) the Fed's refusal to carry out the wishes of Congress. D) the public's negative reaction to Fed policy.