Economic developments after the Civil War (1861–1865) in the South include all of the following except
(a) A decline in cotton prices with the result that poverty associated with cotton became a fixed feature of the South
(b) The relatively widespread land ownership among the freed slaves
(c) The widespread adoption of the sharecropping system
(d) The widespread debt peonage for the freed slaves
(b)
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The figure above provides information about Light-U-Up Utilities, which is a natural monopoly that provides electricity
If Light-U-Up is regulated and must follow an average cost pricing rule, it will produce ________ and sell at a price of ________. A) 200 kwh; 30¢ per kwh B) 200 kwh; 25¢ per kwh C) 300 kwh; 20¢ per kwh D) 400 kwh; 15¢ per kwh
The problems of physical distance can be _____________ by technology which can serve to ___________ trade
A) increased; discourage B) reduced; enhance C) increased; enhance D) reduced; discourage