During the Napoleonic Wars (1793-1815),
a. America experienced periods of full employment.
b. urbanization increased sharply.
c. America bore the brunt of the mercantilist policies of both England and France.
d. Both a and c are correct.
e. Both a and b are correct.
d. Both a and c are correct.
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A risk-averse person's expected utility function is
A) decreasing. B) convex. C) concave. D) a straight line.
Interest rates are positive because inflation makes purchases more expensive in the future than today
Indicate whether the statement is true or false
Resources are
A) unlimited. B) able to be replicated in large quantities. C) what people would buy if their income was unlimited. D) used to produce goods and services to satisfy people's wants.
A quota:
A. is a tax on imports. B. is a tax on exports. C. directly limits the total quantity of a good that can be imported. D. directly limits the total quantity of a good that can be exported.