Many colonists believed that export surpluses with England positively impacted colonial businesses through increased prices and profits
Indicate whether the statement is true or false
True
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Which of the following is NOT an accurate description of open market operations prior to 2008?
A) It was used to affect the market for bank reserves. B) It was used to control the federal funds rate. C) It involved buying and selling of short-term Treasury securities. D) It involved buying and selling long-term securities.
Investment, as a part of GDP, includes:
A. stocks. B. factories. C. gold. D. bonds.
Which of the following is characteristic of a perfectly competitive market?
A. Exit of small firms when profits are high for large firms. B. Marginal revenue lower than price for each firm. C. Zero economic profit in the long run. D. A small number of firms.
The quantity of good A is measured along the vertical axis, and the quantity of good B is measures along the horizontal axis. If the price of Good A falls
A) the vertical intercept of the budget line moves along the vertical axis away from the origin. B) the vertical intercept of the budget line moves along the vertical axis toward the origin. C) the horizontal intercept (along Good B) of the budget line will increase. D) none of the above