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Author Question: Which of the following was a major omission from Ulrich B. Phillip's proxy for the rate of return in ... (Read 11 times)

Kthamas

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on: Jun 30, 2018
Which of the following was a major omission from Ulrich B. Phillip's proxy for the rate of return in slavery?
 a. The price of cotton
  b. The price of slaves
  c. The number of slaves
  d. The productivity of slaves
  e. The maintenance cost of slaves

Question 2

Measured in BTUs per dollar of real GDP, energy consumption fell by only 5 percent between 1970 and 1975, but had fallen by almost 30 percent by 1990 . These figures illustrate the fact that
 a. energy demand does not respond to price changes in the short run.
  b. energy demand does not respond to price changes in the long run.
  c. energy demand is more elastic in the short run than in the long run.
  d. energy demand is more elastic in the long run than in the short run.


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firehawk60

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d. The productivity of slaves

Answer to Question 2

d. energy demand is more elastic in the long run than in the short run.


Kthamas

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Reply #2 on: Jun 30, 2018
Thank you


firehawk60

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Reply #3 on: Jun 30, 2018
No problemo


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