With regard to incomes at the time of the Revolution,
(a) colonial incomes before taxation were high, but because of heavy taxation, after-tax incomes were lower than those of the British.
(b) there is no data available that provide any information on the subject.
(c) both before-tax and after-tax colonial incomes were lower than those in England.
(d) incomes in the colonies were higher than in England, especially after-tax incomes, because
of relatively light taxation of the colonists.
(d)
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Assuming velocity is constant, a 10 percent increase in the quantity of money leads to a 10 percent increase in nominal GDP in both the short run and the long run
Indicate whether the statement is true or false
In the above figure, when the price of a gallon of gasoline falls, which points in the above figure are used to derive points on the consumer's demand curve for gasoline?
A) points A and B B) points A and C C) points B and C D) points A, B, and C
A group of nations that grants member special trade privileges is
A) World Trade Organization. B) European Union. C) General Agreement on Tariffs and Trade. D) North American Free Trade Agreement.
Centralization of decision-making in a firm is a good idea when:
a. the people who produce the information also have decision-making skills. b. all the information comes from internal sources. c. the incentives of the decision-makers is not aligned with the firm's share holders. d. those who have the relevant information are not equipped to analyze it.