During the colonial period, the U.S. and other countries relied on "privateers.". Which of the following most accurately describes privateers?
a. Privateers were also known as pirates.
b. Privateers were citizens who owned ships that attacked vessels from rival nations.
c. Privateers were groups of convicts who stole from American sailing vessels.
d. Privateers were a formal group part of the American Navy.
b. Privateers were citizens who owned ships that attacked vessels from other nations.
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If an investor had a $25,000 long-term capital gain on a $100,000 investment from 1984 to 2010, her real rate of return was most likely
A. equal to the expected rate of inflation. B. equal to the nominal rate of inflation. C. zero. D. negative.
The consumer's income is $800.According to the above figure, why doesn't the consumer choose the combination of 30X and 56Y at point A?
A. MRS is greater than PX / PY . B. MUX / PX is less than MUY / PY . C. MUX is greater than MUY . D. MRS is less than PX / PX .
Which of the following are not important areas of remaining scientific uncertainty regarding global climate change?
A) Whether or not greenhouse gases trap heat in the atmosphere. B) Whether or not the planet has warmed on average. C) Whether or not agriculture in the United States will be adversely affected by climate change. D) Whether or not concentrations of carbon dioxide have increased in the atmosphere.
Which of the following constitutes an external cost of driving an automobile?
A. insurance B. pollution C. license D. fuel