Gradual emancipation laws adopted by some Northern states   a.  used tax revenues to compensate slave owners for the financial loss associated with freeing slaves.   b.  provided for all newborn children of slaves to be freed at birth.   c.  provided for the freedom of female slaves, but not male slaves.   d.  recognized that after age 10 the cost of a slave to the owner was less than the benefit of a slave to the owner.

_____________ is (are) the key factor in explaining the decline in death rates in the U.S. in the late 19th and early 20th century.   a.  Improved sanitation   b.  Improved medical treatments   c.  Urbanization   d.  A more varied and nutritious diet

. If the government-imposed price of corn is greater than the market price,   a.  the quantity of corn supplied will exceed the quantity of corn demanded.   b.  the quantity of corn supplied will be less than the quantity of corn demanded.   c.  the demand curve for corn will increase.   d.  the supply curve for corn will increase.

After 1960, all of the following declined except   a.  the number of U.S. farms.   b.  the portion of U.S. labor force employed by the agricultural sector.   c.  the total amount of U.S. land devoted to farming.   d.  the average acreage per U.S. farm.

Frederick W. Taylor argued that worker efficiency could be improved by   a.  analyzing in detail the movements required to perform a job.   b.  offering employees quarterly stock options.   c.  encouraging employees to form company unions.   d.  introducing to a 5-hour/day, 7-day/week schedule

Under the bimetallic standard of the 19th century   a.  the amount of money in circulation increased.   b.  the American dollar served poorly as a unit of account.   c.  only one metal tended to circulate as money at any given time.   d.  the government earned profits by selling gold.

“Reducing taxes increases incentives to work and save.”  This view is typically associated with    a.  Keynesian economics.   b.  “Reagonomics.”   c.  Johnson’s “Great Society” policies.   d.  the Carter administration.

The “gang system” is an example of   a.  specialization and division of labor.   b.  diminishing marginal product.   c.  the envelope theorem.   d.  Gresham’s law.

Anna Schwatz and Milton Friedman have argued that the Great Depression was caused by   a.  the fall in the stock of money.   b.  the fall in consumer durable spending.   c.  the fall in investment spending.    d.  the increase in nominal wages.

The “gang system” is an example of   a.  specialization and division of labor.   b.  diminishing marginal product.   c.  the envelope theorem.   d.  Gresham’s law.