Which of the following statements is true of British colonies in Jamaica and Barbados?
A) Production was based on well-defined property rights and private ownership of resources.
B) The institutions set up in colonies in Jamaica and Barbados were mostly inclusive.
C) Participation of the natives in politics was greatly limited.
D) The colonies were similar to the ones set up in North America.
C
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After World War II, many currencies were:
A) losing value because of the war's devastation. B) still on the gold standard. C) suffering from high inflation. D) pegged to the U.S. dollar.
Your text suggests the Fed
A) is a slave to Congress. B) is totally free from political pressure. C) probably cannot pursue monetary policies that completely contradict the federal government's fiscal policies. D) is a hoax and a shame that ought to be abolished.