Which of the following revenue-raising options did the "colonial" government select to secure the resources needed to revolt?
(a) Printing money and borrowing from other countries
(b) Printing money and confiscating property
(c) Taxing and borrowing from other countries
(d) Taxing and reducing non-military government spending
(b)
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The marginal propensity to consume is:
a. the change in disposable income divided by the change in consumption. b. consumption spending divided by disposable income. c. disposable income divided by consumption spending. d. the change in consumption divided by the change in disposable income. e. the change in consumption divided by disposable income.
The recession that began in the United States in 2007
What will be an ideal response?
Economists say that a market where goods are not consumed by those valuing the goods most highly is
a. laissez-faire.. b. unequal. c. inefficient. d. rational.
According to purchasing-power parity, if it took 1,100 Korean Won to buy a dollar this year, but it took 1,000 to buy it last year, then the dollar has
a. appreciated, indicating inflation was higher in the U.S. than in Korea. b. appreciated indicating inflation was lower in the U.S. than in Korea. c. depreciated indicating inflation was higher in the U.S. than in Korea. d. depreciated indicating inflation was lower in the U.S. than in Korea.