The piecemeal actions of Parliament to curtail the various colonial manufacturing activities
a. stemmed from a deep-seated fear of American competition.
b. were punitive, in response to colonial smuggling and price dumping.
c. were a roundabout attempt to undermine the colonial shipbuilding industry.
d. were largely taken to protect vested, well-lobbied interests.
d. were largely taken to protect vested, well-lobbied interests.
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After experiencing its first budget surplus in 30 years in 1998, for how many consecutive years following that did the budget remain in a surplus state?
A) 1 B) 2 C) 3 D) 4
Technological change is the key to sustaining economic growth
Indicate whether the statement is true or false
Modem economic growth refers to the idea of experiencing:
A) an increase in population at the same rate as the increase in output. B)an increase in population at a faster rate than an increase in output. C)an increase in output per person as compared to an increase in output. D)an increase in output as compared to an increase in output per person
Economists believe that people who force themselves to always eat everything on their plate at a restaurant, regardless of how full they might feel, likely do so because:
A. they include the sunk cost of their meals in making their decision. B. they gain negative utility from insulting the chef. C. they overvalue the opportunity costs of their health and time involved with eating food they don't really want. D. they undervalue the true benefit of eating too much.