Which of the following arguments is consistent with the claims of Robert Fogel (1989)?
(a) The success of slave labor was tied closely to the number of labor hours per year.
(b) Compared to the slaves, the self-sufficient farmers in the North and those in the South were more likely to not work on Sundays, face a shorter work day and experience regular rest times.
(c) The productivity of slave labor increased with the use of specialization and rhythm.
(d) All of the above.
(c)
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What can good assumptions do?
a) cause economists to leave out important variables that make their theories worthless b) simplify the complex world and make it easier to understand c) further complicate an already difficult topic d) allow economists to see the "big picture" instead of only small segments
A function of the Federal Trade Commission is to:
A. investigate instances of faulty and misleading advertising. B. establish railway rates for interstate railroads. C. ban or recall unsafe consumer products. D. prevent insider trading in securities markets.