The Molasses Act (1733)
a. aimed to decrease trade between the colonies and the French West Indies.
b. was flaunted with impunity by the colonists.
c. placed a high tariff on colonial imports of foreign sugar, molasses and rum.
d. if enforced would have disrupted one of the major colonial trades.
e. All of the above.
e. All of the above.
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If the unemployment rate is 5 percent (full employment), the United States economy is operating
A. inside the production curve. B. on the production curve. C. outside the production curve.
Slick Shades has a constant marginal cost of production equal to $40 and the distributors have a constant marginal cost of distribution equal to $20. If Slick Shades vertically integrates with the perfectly competitive distributors, the profit-maximizing quantity will be ________ the profit-maximizing quantity if they did not vertically integrate and the combined firm will earn ________ profit if
they did not vertically integrate.
The figure above shows the wholesale demand and marginal revenue curves for Slick Shades Sunglasses, a sunglasses firm with market power. Slick Shades Sunglasses has a constant marginal cost of production and it sells to perfectly competitive independent retail distributors that have a constant marginal cost of distribution.
A) the same as; greater
B) greater than; the same
C) greater than; greater
D) the same as; the same
The cost of capital and the cost of debt should be identical when economic profits are positive
Indicate whether the statement is true or false
All of the following are ways in which government can promote economic development except
a. encouraging foreign direct investment b. nationalizing industries to create efficiency c. encouraging competition d. providing an infrastructure e. promoting saving and investment