During the pre-Revolutionary period American colonists used their market power to rebel by:
a. organizing nonimportation associations in response to taxes.
b. organizing powerful labor unions.
c. creating large manufacturing firms that competed with English manufacturers.
d. forming farming cartels that increased the prices of American agricultural exports.
e. All of the above.
a. organizing nonimportation associations in response to taxes.
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A car insurance company pays 90% of the total damage in case of an accident. This is an example of ________
A) a coinsurance B) a dividend C) a brokerage D) a subsidy
One lesson that American policy makers can learn from the health care systems of other counties is
a. people must be willing to accept long waiting lists for expensive services. b. a government-run system ensures equal access across socio-economic groups. c. the importance of having a safety valve. d. the mix between general practitioners and specialists is of little importance. e. private insurance cannot complement government insurance.
As cities prospered and per-capita incomes increased, the demand for bus travel diminished. This suggests that:
a. cities could raise revenue by increasing bus fares. b. the demand for bus travel is price elastic. c. bus travel and automobile travel are complements. d. bus travel is an inferior good.
Discuss the history of government’s investments decisions
Please provide the best answer for the statement.