By the mid-nineteenth century,
(a) indentured servitude disappeared in the U.S.
(b) slavery was disappearing.
(c) more and more immigrants were drawn into the production of agricultural goods on large plantations.
(d) all of the above were true.
(a)
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Permits that allow a firm to emit a specific amount of pollution are called ____________
a. Pigouvian or pollution taxes b. tradable pollution permits c. pollution standards d. technology-based regulations e. None of the above.
Suppose you hit a progressive jackpot on a slot machine in a casino in Atlantic City and are given the choice of the following prizes:
Prize 1: $150,000 to be received right away, with three additional payments of $150,000 to be received each year for the next three years. Prize 2: $500,000 to be received right away. If the interest rate is 5 percent, what is the present value of each prize?