The majority of people living in colonial America in 1790 were of African origins
Indicate whether the statement is true or false
False
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What term is used to denote a tax on imports?
a. gratuity b. ad valorem c. subsidy d. tariff
Which statement is true?
A. All monopolies are good. B. All monopolies are bad. C. Most natural monopolies are government regulated or government owned. D. None of these statements are true.
In a market economy, every real transaction has a corresponding:
A. financial liability. B. real asset. C. financial transaction. D. real liability.
If there is allocative efficiency in a purely competitive market for a product, the minimum price producers are willing to accept is:
A. greater than marginal cost. B. less than marginal benefit. C. equal to the maximum price consumers are willing to pay. D. equal to the amount of efficiency or deadweight losses.