Theory and historical experience both confirm the importance of family size in shaping poverty trends
Indicate whether the statement is true or false
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With regard to British trade and commercial policies, all of the following are true except
(a) British trade and commercial policies had been somewhat beneficial, from the colonials' point of view, but now (the 1770s) they had become intolerable. (b) These policies, unlike land, did not take away American rights so much as they attempted to tax the exercise of them. (c) After 1763 the English believed they were free to change their policies drastically to better accomplish the policy goals. (d) By the 1770s, like land, these policies had become insupportable after a long period of relative success.
Time inconsistency refers to a situation where:
A. we change our minds about what we want in response to gaining complete information. B. we change our minds about what we want simply because of the timing of the decision. C. we typically choose the same thing, regardless of when the decision is being made. D. None of these statements is true.
The standard economists use to assess whether an activity should be undertaken is
a. majority vote b. the marginal benefit assessment. c. the gold standard d. economic efficiency.
Frederic Bastiat and Adam Smith both presented cogent arguments
A. for protection of infant industries. B. for protection against trade with countries that had low wages. C. for protection for industries important to national defense. D. for free trade.