Jamestown's early years were marked by
a. a focus on futile "get rich quick" schemes.
b. collective operations under which production methods and consumption were shared.
c. lack of local control over production decisions.
d. extremely high mortality rates.
e. All of the above.
e. All of the above.
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A rise in the real interest rate
A) shifts the demand for loanable funds curve rightward. B) shifts the demand for loanable funds curve leftward. C) creates a movement upward along the demand for loanable funds curve. D) creates a movement downward along the demand for loanable funds curve.
A person's tax liability refers to
a. the percentage of income that a person must pay in taxes. b. the amount of tax a person owes to the government. c. the amount of tax the government is required to refund to each person. d. deductions that can be legally subtracted from a person's income each year.
Exhibit 6-14 Cost curves
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In Exhibit 6-14, economies of scale only exist for output levels up to:
A. 1,000. B. 2,000. C. 3,000. D. 4,000.
When considering activist fiscal policy in developing countries, these governments:
A. do not have to worry about their expenditures because they have no taxes with which to finance them. B. usually have greater flexibility in determining expenditures than governments in developed countries. C. have about the same degree of flexibility in determining expenditures as governments in developed countries. D. usually have less flexibility in determining expenditures than governments in developed countries.