Refer to Scenario 3 . What is the maximum potential increase in coconut production and maximum potential increase in hut production described in the previous question?

According to Williamson and Lindert, during the antebellum period increasing wealth concentration occurred in the U.S

a. within regions. b. within age groups. c. among the native born. d. among the foreign born. e. All of the above.

Why does quantity supplied increase when price increases?

a. Producers find it more profitable to make the item. b. People "drop out" of the market, so buyers find it more abundant. c. As demand decreases with a high price, surpluses appear. d. All of the above.