Which of the following statements is true of British colonies in Jamaica and Barbados?
A) Production was based on well-defined property rights and private ownership of resources.
B) The institutions set up in colonies in Jamaica and Barbados were mostly inclusive.
C) Participation of the natives in politics was greatly limited.
D) The colonies were similar to the ones set up in North America.
C
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A) matters less to people than its nominal value. B) is the same as its nominal value. C) is another word for the face value. D) reflects the purchasing power of money.
The choice between futures and options
A) depends on whether the underlying instrument is a debt instrument or an equity. B) reflects a trade-off between the higher cost of using options and the extra insurance benefits that options provide. C) reflects a trade-off between the higher cost of using futures and the extra insurance benefits that futures provide. D) reflects a trade-off between the greater risk from using options and the extra insurance benefits that options provide.
Investment spending
a. cannot be stimulated by decreasing the interest rate. b. is often the cause of business fluctuations in the United States. c. is a remarkably stable function of the level of real GDP. d. is the primary solution to recessions and inflations, according to John Maynard Keynes.
The labor force of a country is 150 million, of which 60 million are employed. Therefore, the unemployment rate in this country is 40%
a. True b. False Indicate whether the statement is true or false