What does inflation measure?
a. the rate at which federal spending increases
b. the rate at which prices increase
c. the rate at which government reinvests in economic development
d. the rate at which joblessness increases
b
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Institutionalists argue that a main reason Canada and the
United States became highly developed, in comparison with many less economically developed former colonies, is that they: a. had richer mineral resources, given their large territories and geographic diversity. b. had more fertile soil than most former colonies. c. were both colonies of Great Britain, which founded democratic institutions worldwide. d. had large numbers of European settlers, not directly tied to a commodities or forced labor economy, who adopted growth-promoting institutions.
Answer the following statement(s) true (T) or false (F)
1. “The state of nature” describes situations in which there is no state. 2. Individuals enjoy civil rights in the state of nature. 3. The predatory view of the state holds that states that exercise an effective control over the use of violence are in a position to threaten the security of citizens, and thereby exploit them. 4. According to Tilly, the political geography of modern Europe (that is, the development of states) was essentially an unintended consequence of the strategies employed by lords and kings to keep a grasp on power. 5. According to the discussion of the contractarian view of the state in Chapter 4, in order for a state (civil society) to emerge from an initial “state of nature” situation, it must be the case that the state (a) is willing to impose sufficiently high punishments to deter individuals from engaging in antisocial behavior and (b) is also willing to refrain from taxing its citizens excessively.