The South's economy was based on production of
A. iron, steel and textiles.
B. corn, wheat and soybeans.
C. tobacco, cotton and rice.
D. iron, wheat and cotton.
C. tobacco, cotton and rice.
Economics
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The aggregate demand curve is the total quantity of an economy's
A) intermediate goods demanded at different inflation rates. B) intermediate goods demanded at a particular inflation rate. C) final goods and services demanded at a particular inflation rate. D) final goods and services demanded at different inflation rates.
Economics
In the long run, monopolistic competition
a. results in a monopoly b. ends up with one firm, that is, competition transforms to monopoly c. ends up with many firms in the industry d. has zero barriers to entry e. has no product differentiation
Economics