Ch. 17 Sec. 1 Questions
What amount do you spend each time you buy gasoline? $5, $10, $20, $30, more?
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What amount do you spend each time you buy gasoline? $5, $10, $20, $30, more?
In these tough economic times, what are some luxury items that you are willing to go without?
If we changed the word "bailout" to "welfare" would U.S. businessmen be less likely to stand in line? Explain
Do you think that you have ever not received a job because of your name on your application? Explain your answer.
Of the five U.S. economic freedoms, (Freedom to earn profits, to own property, to buy and sell, of businesses to compete for customers, of workers to compete for jobs), which one helps businesses operate?
List some items that are very expensive only because they are scarce or in high demand.
What was Wall Street, in lower Manhattan and the home of the New York and American Stock Exchanges, originally?
Before the Civil War, slaves could not receive patents on their inventions, so slaveholders often received the credit. Some historians, for example, have speculated that Jo Anderson, a slave held by Cyrus McCormick, made vital contributions to the invention of the McCormick Harvester, yet Anderson received no credit for his contributions.