Thomas Jefferson argued that the U.S. should adopt the Spanish dollar as the official unit of account because
a. so many colonists came from Spanish-speaking nations.
b. it was based on the decimal system.
c. it was less prone to inflation than other units of account.
d. it was the unit of account used in most European countries.
b. it was based on the decimal system.
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During recent Global Economic Crises, U.S. household liabilities have
A) increased B) decreased C) remained the same D) quadrupled
A customs duty is an example of a(n)
a. use tax b. payments tax c. excise tax d. transactions tax e. process tax
A firm will usually choose to increase its advertising expenditures
What will be an ideal response?
“The more progressive a tax system, the greater is the economy’s built-in stability.” Explain this statement for both recessionary and peak phases of the business cycle.
What will be an ideal response?