The end of slavery in the United States represented
A) a large wealth transfer from the South to the North.
B) a large wealth transfer from the future to the present.
C) a large wealth transfer from Southern slave-holders to newly freed slaves.
D) a nominal wealth transfer from Southern slave-holders to newly freed slaves.
C
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When the marginal benefit and marginal cost of sodas are equal, then
A) the production of sodas might be allocatively efficient but it is definitely production inefficient. B) the allocatively inefficient amount of sodas is being produced. C) more sodas should be produced to reach the allocatively efficient quantity. D) fewer sodas should be produced to reach the allocatively efficient quantity. E) the allocatively efficient amount of sodas is being produced.
The demand curve that an individual competitive firm faces is known as its
A) excess demand curve. B) market demand curve. C) residual demand curve. D) leftover demand curve.