According to the Application, the differential survival of the wealthy created an environment
A) which allowed for economic growth.
B) where lower-class people could no longer afford to live in the country.
C) that directly led to the demise of the British monarchy.
D) which caused increased class warfare.
A
You might also like to view...
The Social Security payroll tax tends to be regressive
a. True b. False Indicate whether the statement is true or false
Assume that in a price-fixing game, if Player A breaks the agreement in the first year, she earns $11 while Player B earns $5 . However, if Player A breaks the agreement once, Player B decides to break the agreement for eternity, leaving each to receive $8 per year for the rest of their lives. If they both keep the agreement each receives $9 per year for the rest of their life. If the discount
rate is 120 percent per period: a. Player A will prefer to break the agreement in the first year. b. Player A will prefer to break the agreement in the second year. c. Player A will prefer to keep the agreement throughout her life. d. Player A will prefer to keep the agreement only for the first five years.
Suppose an economy has a government budget surplus of $100, net exports of -$400, and a planned investment level of $1,000 . For this economy to be in equilibrium, saving must equal:
a. $700. b. $500. c. $750. d. $250. e. $300.
Which of the following was not a factor that contributed to the subprime mortgage crisis?
a. false security derived from FDIC insurance on mortgage loans b. lower down payments c. households devoting 25% or more of their income to mortgage payments d. lending to households with adverse credit ratings