Mercantilism was a system in which all of the following were true except:
A. governments limited growth by protecting monopolies.
B. governments encouraged growth by supporting trading activities.
C. economic rather than social forces controlled the central economic decisions.
D. political rather than social forces controlled the central economic decisions.
Answer: C
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Joshua's indifference curves for two products are shown below: 
Which of the following indifference curves is the least preferred?
A. U1 B. U2 C. U3 D. Unclear given the current information
If national income increases by $20 million and consumption increases by $5 million, the marginal propensity to consume is
A) 4. B) 0.75. C) 0.5. D) 0.25.
The top 5 percent of health care users in the United States account for
A) 30 percent of all health costs. B) over 50 percent of all health costs. C) over 75 percent of all health costs. D) almost 90 percent of all health costs.
Josh runs a landscaping business in Vermont and decides to hire two people in India to maintain his bookkeeping for him electronically. Josh can pay them much less than he would pay a bookkeeper in the U.S., and the workers enjoy a higher quality of life in India thanks to their jobs with Josh's company. Josh's actions are an example of:
A. foreign portfolio investment. B. foreign direct investment. C. importing. D. exporting.