Americans enjoy the economic freedom to
a. earn a profit.
b. all the options are correct.
c. compete.
d. own property.

The value of the next best alternative given up is called ?

Suppose that a flower nursery benefits from having a butterfly farm located only a few miles away, because the presence of the insects greatly improves flower pollination. lawyers for the two companies meet to draft a legal document specifying the number of butterflies the farm promises to maintain in exchange for payments to be made by the nursery. which of the following types of private solutions to the externality of pollination has occurred in this case? charities moral codes and social sanctions integration of different types of businesses contracts it’s important to note that sometimes private solutions to externalities do not work. for example, this occurs when communications barriers or social customs are important enough relative to the potential gains involved that (a) the government must step in (b) the private solution is not feasible (c) the market system has a crisis

The southern colonies practiced indentured servitude and slavery because cash crops such as tobacco and sugar required many workers. the fishing and shipping industries required many workers. imprisoned debtors were brought from africa to settle the colonies. indentured servitude and slavery were not allowed in the caribbean colonies.