The rate at which one currency is traded for another is called a(n)

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

A market system tends to restrict business risk to owners and investors. This results in which of the following benefits?

A. A more stable macroeconomy with fewer recessions. B. Firms are better able to attract inputs, as these inputs do not have to share the risk. C. Government agencies are better prepared to help when businesses fail. D. Consistently lower prices for consumers.