Which was a common sociopolitical/economic feature of Colonial America?
a. Difficulty in the expansion of agriculture
b. Commercial production of finished metal parts for locomotion
c. Significant improvement of infrastructure, especially roads
d. None of the above is correct.
d. None of the above is correct.
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In a competitive free market:
A) all exchanges take place involuntarily. B) there is only one seller and many buyers. C) the government does not impose price controls. D) there is no provision for the protection of property rights.
Compared to money-market instruments, capital-market instruments are of ________ maturity and are generally ________ risky
A) shorter, less B) shorter, more C) longer, less D) longer, more
A market structure with only a few sellers, each offering similar or identical products, is known as
a. oligopoly. b. monopoly. c. monopolistic competition. d. perfect competition.
Which of the following does not explain the rise in income inequality in the United States from 1970 to 2011?
a. Changes in technology. b. An increase in minimum wages. c. A reduction in the demand for unskilled labor. d. Increased international trade with low-wage countries.