What do many economists consider to be the most important reason for studying economics?
a. to lower opportunit costs
b. to solve the problem of scarcity
c. to increase the amount of available capital
d. to explain the workings of the stock market

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.

Why are the majority of the world's economies mixed? what may happen to the "pure" types of economies (traditional, socialist/command, market capitalist) when they incorporate elements from other economic models?

Transcendentalist walt whitman captured the spirit of young america by creating