Which statement holds true for the period of slavery in U.S. history?
(a) Slavery was a moral institution.
(b) The system wasted natural resources.
(c) It provided slaveholders with incentives to avoid purchasing farm implements.
(d) It developed land and profitably produced agricultural goods for sale in world markets.
(d)
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According to the classical view,
a. velocity is constant, which means changes in price will cause changes in price or quantity. b. quantity is constant, which means changes in the money supply could cause either changes in velocity or changes in prices. c. velocity and price are constant so that changes in the money supply causes changes in quantity. d. velocity and quantity are constant so that changes in the money supply cause changes in prices. e. velocity is constant while quantity is variable so that changes in the money supply change both price and quantity.
The Keynesian-cross model suggests that increased saving increases the economy's output
a. True b. False Indicate whether the statement is true or false