The Mokyr-DeCanio thesis states that real wages of Northern workers lagged behind price increases during the Civil War (1861–1865), thus shifting to the workers themselves a major part of the war's cost

The unemployment rate is calculated by dividing the number of unemployed and looking for work by the sum of the number employed and the number unemployed and looking for work

Indicate whether the statement is true or false

On necessities, more of the incidence of tax is

a. borne by the producer. b. borne by the consumer. c. shared equally between the producer and the consumer. d. None of the above is correct.