What was not a grievance of the Continental Congress that met in October 1774?
a. Taxes had been imposed upon the colonies by the British Parliament.
b. The colonies were not permitted to trade with nations other than England.
c. England had confiscated western colonial land.
d. Persons could be transported out of the colonies for trials.
b. The colonies were not permitted to trade with nations other than England.
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Any profit earned by a corporation
A) does not get taxed. B) gets taxed once. C) gets taxed twice. D) gets taxed five times.
Changes in the Lorenz curve since 1929 in the United States indicate that
A) the distribution of income today is identical to what it was in 1929. B) the distribution of income is slightly less equal today than in 1929. C) the distribution of income is slightly more equal today than in 1929. D) the distribution of income is much more equal today than it was in 1929.
The U.S. market for locomotives is divided between two producers; General Electric has 70 percent of the market and General Motors has 30 percent. This market is an example of
a. a bilateral monopoly b. monopolistic competition c. a collusive monopoly d. a duopoly e. a cartel
Even if demand for a resource grows over time, ever-rising prices of the resource that result from its growing scarcity still discourage consumption.
Answer the following statement true (T) or false (F)