Sharecropping after the Civil War (1861–1865) was the land tenure of black and white non-landowning farmers in about equal proportions

Indicate whether the statement is true or false

False

Economics

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When a 2 percent increase in the price of automobiles generates a greater than 2 percent decrease in quantity demanded, then

a. price elasticity of demand for automobiles is less than one b. total revenue increases c. demand is price inelastic d. demand is unit elastic e. total revenue decreases

Economics

When the United States is described as having a dual system of health care, this means that:

A. government provides basic health insurance for all Americans and private insurance covers services beyond the basic level. B. high-quality care is provided in urban areas, but care in rural areas is of poor quality. C. those Americans with good insurance or substantial wealth receive world-class health care, while those without insurance receive no or low-quality health care. D. the high-risk segment of the population is required to have health insurance, while the low- risk sector is not.

Economics