Yasukichi Yasuba's research suggests that the decline in the U.S. fertility rate in the antebellum period was due to
a. rising land prices.
b. people marrying later in life.
c. rising manufacturing wages.
d. a high percentage of young males and a low percentage of young females in the population.
a. rising land prices.
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Assume someone organizes all farms in the nation into a monopoly. As a result, consumer surplus will
A) not change. B) increase. C) decrease. D) either increase, decrease, or not change depending if the monopoly's marginal revenue curve lies below, above, or is the same as its demand curve. E) None of the above answers is correct because the effect on consumer surplus depends on whether the monopoly is a single-price or a price-discriminating monopoly.
A benefit that accrues without compensation to someone other than the person who caused it is called:
A. an external benefit. B. a social benefit. C. a private benefit. D. a network benefit.