From an ethical standpoint, the plantation owners of the South typically saw the system of slavery as
(a) basically superior to the wage-labor system of the North.
(b) basically inferior to the wage-labor system and only likely to exist temporarily.
(c) basically equal to the wage-labor system but more profitable.
(d) not needing a moral justification because slavery had been accepted without
question throughout most of human history.
(a)
Economics
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Refer to the above figure. MRP0 represents
A) the supply curve for the product. B) the supply curve for labor. C) the demand curve for the product. D) the demand curve for labor.
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The benefit (or satisfaction) that an individual expects to derive from an activity is called
a. opportunity cost. b. utility. c. marginal cost. d. scarcity.
Economics