The first actions taken socially to compel conformity to abolitionist sentiments was taken by:
a. the Puritans.
b. various Plains Indian tribes.
c. the Germantown Quakers.
d. Roman Catholics.
c. the Germantown Quakers.
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An efficient use of resources occurs when
A) there is a deadweight loss. B) the total social benefit of a good equals its total social cost. C) there is perfect price discrimination by a monopoly. D) there is no producer surplus.
Refer to the figure at the right. Suppose point A is the original equilibrium. If there is an increase in the money supply, the new short-run equilibrium is giving by point
A. A.
B. B.
C. C.
D. D
Under a regressive income tax system, individuals with higher incomes pay higher marginal tax rates
a. True b. False
The basic difference between macroeconomics and microeconomics is that...
What will be an ideal response?