During the Revolutionary War, the Pennsylvania legislature attempted to help the Continental Army by enacting
a. wage floors for soldiers in the army.
b. bonuses for soldiers who re-enlisted.
c. laws to buy food for the soldiers stationed in Pennsylvania.
d. price controls on essential commodities.
e. All of the above are correct.
d
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Which school calls for more information from policymakers so that people can incorporate government plans into their outlook for the future?
a. The new classical school b. The new Keynesian school c. The traditional Keynesian school d. The monetarist school e. The classical school
The right and privilege to control one's own possessions
a. capitalism b. private property rights c. profit motive d. Consumer sovereignty
Refer to the graph shown.
Assuming a consumer has $5 to spend, if a soda costs $0.25 and a chocolate bar costs $0.50, the consumer will optimally choose to consume:
A. 0 cans of soda and 10 chocolate bars. B. at point A. C. at point B. D. 20 cans of soda and 0 chocolate bars.
If official U.S. poverty statistics included in-kind transfer payments the:
A. poverty rate would be close to zero. B. poverty rate would be lower. C. government deficit would be lower. D. top 10 percent of those in the income distribution would be wealthier.