Which of the following acts of England's Parliament did not occur after the Seven Year's War and before the American Revolution?
a. Stamp Act.
b. Quartering Act.
c. Declaratory Act.
d. Navigation Acts.
d. Navigation Acts.
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If the level of investment in an economy is $4,000 and the GDP of the economy is $10,000, the savings rate in the economy must be:
A) 40%. B) 44%. C) 30%. D) 20%.
Answer the following statement(s) true (T) or false (F)
1. Sustainable development refers to the management of the earth’s resources to ensure their quality and abundance for future generations. 2. Nobel Laureate Robert Solow argues that sustainable development is a good concept to guide national policy. 3. The shape of the Environmental Kuznets Curve reflects the theory that advanced levels of industrial development are linked to higher levels of pollution. 4. According to the textbook application, the pessimistic view about the shape of the Environmental Kuznets Curve is that, after a critical income level, a country can only maintain its existing pollution level. 5. Agenda 21 and the Rio Declaration are two major documents produced from the Rio Summit in 1992.
Which statement is true?
A. Industry X is more concentrated than Industry Y.
B. Industry Y is more concentrated than Industry Z.
C. Industry Z is more concentrated than Industry X.
D. Industries X, Y, and Z have the same concentration ratio.
Which of the following groups would be most likely to benefit from a tariff on Japanese-manufactured light trucks (i.e., pickup trucks)?
A. U.S. firms that export products to Japan B. U.S. domestic pickup truck manufacturers C. U.S. consumers of pickup trucks D. Japanese auto workers