The colonial region with the smallest deficit with the United Kingdom between 1768–1772 was
(a) New England
(b) the Middle Colonies
(c) the Southern Colonies
(d) the New England and Middle Colonies
(c)
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Suppose that Stephen Curry, a basketball player for the Golden State Warriors, will become a free agent at the end of this NBA season. Suppose that Curry is considering two possible contracts from different teams. Note that the salaries are paid at the end of EACH year.?Contract #1 (Boston)Contract #2 (Portland)Signing bonus (paid today)$1 million$1 millionFirst-year salary$2 million$4 millionSecond-year salary$4 million$4 millionThird-year salary$5 million$3 millionThe interest rate is 10%. Based on this information, which of the following is true?
A. Curry is indifferent between the two contracts because they are both worth $12 million. B. Curry is indifferent between the two contracts because they are both worth $10.9 million. C. Curry should take the Boston contract because it has a higher present value. D. Curry should take the Portland contract because it has a higher present value.
A price that has been set by agreement between sellers at a price well above the marginal cost of each seller
What will be an ideal response?
Refer to Figure 18.4. With free trade, how many gloves are produced domestically in Duckland?
A. 100 B. 80 C. 60 D. 0
Which of the following will NOT change the supply of personal computers?
A. An increase in consumers' incomes. B. A technological breakthrough that makes it much less costly to produce computer chips. C. A decrease in the wage paid to electrical engineers. D. None of the choices are correct.