The Sugar Act (1764):
a. decreased the tariff that had been established by the Molasses Act.
b. was designed to raise revenue for England.
c. was more vigorously enforced than the Molasses Act.
d. was designed to support England's mercantilist goals.
e. All of the above.
e. All of the above.
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John's reservation wage is $10 per hour. This means that
A) John will not supply labor in the market until he receives a wage of at least $10 per hour. B) John will supply labor in the market at a wage of $10 and lower. C) John will work 10 hours per day. D) John will decrease the hours he works when his wage rate exceeds $10 per hour.
The total value of production from Ford's manufacturing plant in Cologne, Germany would be included in Germany's gross national product
Indicate whether the statement is true or false
An oligopolist cares very much about what other firms in her industry are doing
a. True b. False Indicate whether the statement is true or false
A product that has a negative income elasticity of demand is ________ good
A) a complementary B) a substitute C) a normal D) an inferior E) a negative