Goods commonly produced by colonial households included:
a. clothing.
b. bread and hardtack.
c. beer and whiskey.
d. jellies and jams.
e. All of the above.
e. All of the above.
You might also like to view...
Currently, union membership in the U.S. is
a. declining as a percentage of the labor force b. remaining constant c. increasing as a percentage of the labor force d. increasing in the service sector e. decreasing among government employees
Who is likely to be in favor of a country that would be a net-importer if it moved from autarky to free trade?
A. Domestic producers B. Domestic consumers C. Foreign consumers D. Foreign governments.
Any business wanting to attract financial capital must expect to
A. keep implicit costs as close to zero as possible. B. earn a positive economic profit. C. pay a normal rate of return. D. pay a below normal rate of return in order to make a positive rate of return itself.
Refer to the information provided in Figure 2.2 below for the economy of Microland to answer the question(s) that follow.
Figure 2.2Refer to Figure 2.2. Full resource employment and production efficiency is represented by a point
A. inside the production possibility frontier. B. along the production possibility frontier. C. either inside or along the production possibility frontier. D. outside the production possibility frontier.