Based on the analysis of Alice Hanson Jones, what colonial region showed the most unequal distribution of wealth?
a. New England.
b. Middle Colonies.
c. South.
d. Distribution was similar in all colonies.
c. South.
You might also like to view...
The Ricardian equivalence theorem states that
A) spending on national defense is a direct expenditure offset. B) an increase in government spending by the federal government leads to offsetting reductions in state government spending. C) government spending financed by taxes is equivalent to government spending financed by borrowing. D) an increase in government spending financed by higher taxes has no effect on aggregate demand.
A currency pegged at a value above the market equilibrium exchange rate is
A) depreciating in value relative to its pegged currency. B) achieving purchasing power parity. C) overvalued. D) undervalued.
The aggregate demand curve shows the ________.
A. inverse relationship between the price level and the quantity of real GDP purchased B. direct relationship between real-balances and the quantity of real GDP purchased C. direct relationship between the price level and the quantity of real GDP produced D. inverse relationship between interest rates and the quantity of real GDP produced
If an owner of a copy center is interested in knowing which of her employees can make the most copies in one hour, she wants to understand _____.
(A) Which employee has the absolute advantage in making copies. (B) The opportunity cost of employees making copies . (C) Which employee has the comparative advantage in making copies. (D) The resource distribution of her copy center.