Which of the following provides an important source for data on colonial wealth?
a. census records
b. newspapers
c. records of charitable contributions
d. probate records
d. probate records
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A decreasing-cost industry will have
A) a perfectly elastic long-run supply curve. B) a perfectly inelastic long-run supply curve. C) an upward sloping demand curve in the long run. D) a downward sloping supply curve in the long run.
The more liquid markets are the:
A. lower the interest rates, and the higher the amount of investment. B. lower the interest rates, and the lower the amount of investment. C. higher the interest rates, and the higher the amount of investment. D. higher the interest rates, and the lower the amount of investment.
When government expenditures exceed government revenues a budget surplus will exist
Indicate whether the statement is true or false
One of the practical issues in the choice of government spending or taxes to change aggregate demand is how large a
a. change in demand we want. b. trade deficit we want. c. budget deficit we want. d. government sector we want.