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Author Question: One interesting aspect of the California Gold Rush was a. the initial absence of property rights to ... (Read 53 times)

aabwk4

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on: Jun 30, 2018
One interesting aspect of the California Gold Rush was
 a. the initial absence of property rights to land.
  b. the use of indentured servants as a labor force in mines.
  c. the absence of violence in the gold fields.
  d. the formation of unions that negotiated wages and hours on behalf of miners.
  e. Both a and c are correct.

Question 2

Research by Warburton, and more recently Miron and Zweibel on alcohol consumption during and after prohibition indicates that:
 a. the demand for alcohol is fairly price inelastic.
  b. the demand for alcohol is fairly income inelastic.
  c. the demand for alcohol is fairly price elastic.
  d. the demand for alcohol has a price elasticity of zero.


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Liddy

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

e. Both a and c are correct.

Answer to Question 2

the demand for alcohol is fairly price inelastic.


aabwk4

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Reply 2 on: Jun 30, 2018
Gracias!

nanny

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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