The costs and benefits of mercantilist policies on the colonies produced a ______ to the American colonies
a. small net benefit
b. small net cost
c. large net cost
d. large net benefit
b. small net cost
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Refer to Figure 9.2. At price 0H and quantity Q1, consumer surplus is the area
A) EDGF. B) 0FGQ1. C) HFGB. D) EFC. E) none of the above
One disadvantage of a partnership is
A) limited liability. B) lower monitoring costs. C) difficulty raising funds. D) it permits greater specialization.
The unemployment that occurs when people first enter the labor force or when they are in the process of changing jobs, is called:
A. frictional unemployment. B. cyclical unemployment. C. structural unemployment. D. natural unemployment.
In 2015, the volume of U.S. imports from China were
A. larger than the volume of U.S. imports from Europe. B. larger than the volume of U.S. imports from Mexico. C. larger than the volume of U.S. imports from Canada and Mexico combined. D. none of the options are correct.