Which of the following statements best describes antebellum immigration to the U.S.?
a. Immigration peaked in the 1820s and slowly decreased through the Civil War.
b. Immigration in the late 1840s and 1850s were primarily "pulled" to the US by the attractive opportunities available here.
c. Immigration from England was relatively constant over time compared to the immigration rate from other nations.
d. Large scale German immigration occurred primarily in the early part of this period.
c. Immigration from England was relatively constant over time compared to the immigration rate from other nations.
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The use of seat belts and other automobile safety features making bicycling more hazardous can be explained by the economic concept known as
A) the principle of diminishing returns. B) the principle of voluntary exchange. C) the real-nominal principle. D) the marginal principle.
The economic function of profits and losses is to:
A. bring about a more equal distribution of income. B. signal that resources should be reallocated. C. eliminate small firms and reduce competition. D. tell government which industries need to be subsidized.