The South was characterized by all of the following except
(a) large plantations and slave labor.
(b) a more unequal distribution of income and wealth than in the North.
(c) a lack of public education systems.
(d) a strong manufacturing sector.
(d)
Economics
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The price elasticity of demand for widgets at any particular price is determined by
A. whether widgets are luxuries or necessities. B. how much of their budgets do consumers spend on widgets. C. whether there are any good substitutes for widgets. D. All of the responses are correct.
Economics
To engage in first-degree price discrimination, a firm must:
A. know each consumer's maximum willingness to pay. B. be able to set P > MC. C. prevent low-value consumers from reselling to high-value consumers. D. All of the answers are correct.
Economics