Author Question: What best describes the antebellum economy? a. By 1860 the size of most American firms was ... (Read 79 times)

jlmhmf · **on:** Jun 30, 2018

What best describes the antebellum economy?
a. By 1860 the size of most American firms was comparable to the size of firms today.
b. Manufacturing had replaced agriculture as the largest sector of employment in the US.
c. Heavy equipment was one of the top-three manufacturing sectors.
d. The U.S. developed many new ways of combining factors of production to substitute capital for labor.

Question 2

Transfer payments include:
a. government spending on tanks and planes.
b. government spending on national forests and parks.
c. the salaries of senators and federal judges.
d. welfare benefits and Social Security payments.

jesse.fleming · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

d. The U.S. developed many new ways of combining factors of production to substitute capital for labor.

Answer to Question 2

d. welfare benefits and Social Security payments.