Funding for canals came from which of the following sources?
(a) Private investments and tolls
(b) Taxes
(c) Borrowing on government credit
(d) All of the above
(d)
You might also like to view...
Bob's Baubles, Inc, sells its product for $3 each in a perfectly competitive market. If it increases its workforce from 1,000 to 1,001, its output goes from 615 to 625 per day. Its marginal revenue product for the 1,001st worker is: a. $3
b. $1, 845. c. $30. d. $3,003.
Transfer payments are
a. payments made to individuals who are employed by the government. b. payments made to individuals who provide goods and services to the government. c. transfers of income from taxpayers to recipients who do not provide current goods and services for the payments. d. omitted from the government expenditure figures.
The change in consumption that results when a price change moves the consumer along a given indifference curve to a point illustrating the new marginal rate of substitution is called the
a. income effect. b. substitution effect. c. Giffen good effect. d. inferior good effect.
Which one of the following is part of the official money supply in the United States?
A. Federal Reserve notes B. gold bars C. common stock D. credit card balances