To what can we attribute the relatively high population growth in colonial America, compared with growth in England?

(a) The relatively advanced medicine in the colonies
(b) Better climate, food and water
(c) Better hygiene and preventive care
(d) All of the above


(b)

Economics

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Expansionary gaps create what type of shortage?

a. money b. demand c. labor d. no shortages are created in expansionary gaps

Economics

Howard has just smoked a cigarette. If he chooses to smoke a second one:

A. he will derive less marginal utility from it than his first. B. he is not acting rationally. C. he will experience a drop in total utility. D. None of these is true.

Economics

Describe four of the five major income maintenance programs in the United States that were discussed in the text

What will be an ideal response?

Economics

Serena transfers $8,000 from her home safe to her savings account. This transaction will

A. decrease M1 and not change M2. B. increase both M1 and M2. C. not change M1 and decrease M2. D. decrease both M1 and M2.

Economics