Who would be most likely to move from Europe to the New World in the early 1600s?
a. A 19 year-old, first born son with many skills
b. A 37 year-old skilled carpenter
c. A 17 year-old from a poor family
d. A 21 year-old woman
e. An unskilled laborer with a wife and two children
c. A 17 year-old from a poor family
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Changes in business activity are
A) referred to as business fluctuations. B) referred to as the ebb and flow of business. C) always undesirable. D) caused by the changing seasons every year.
Command-and-control legislation, as compared to incentive-based regulation:
a. encourages the use of comparative advantage in the short run, and the development of new technology in the long run. b. encourages the use of comparative advantage in the short run, but discourages the development of new technology in the long run. c. discourages the use of comparative advantage in the short run, but encourages the development of new technology in the long run. d. discourages the use of comparative advantage in the short run, and discourages the development of new technology in the long run.
Studies show that __________ households tend to save more of their income than others, and also show that ____________ households save more out of tax cuts than others do.
A. richer; poorer B. richer; richer C. poorer; richer D. poorer; poorer
Keynes’ law states that:
a. demand creates its own supply. b. when there is supply there will be demand. c. you can only supply what is demanded. d. people create both supply and demand.