On the eve of the American Revolution, most colonials produced agricultural goods. The war boosted profits for many farmers

Deadweight losses are associated with

a. taxes that distort the incentives that people face. b. taxes that target expenditures on survivor's benefits for Social Security. c. taxes that have no efficiency losses. d. lump-sum taxes.

Hyperinflations are associated with governments printing money to finance expenditures

a. True b. False Indicate whether the statement is true or false