Consistent with the mercantilist theory, the colonies had
(a) a trade deficit with England.
(b) a trade surplus with England.
(c) a balance of trade with England.
(d) about an equal number of annual trade deficits and surpluses over the years.
(a)
Economics
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In the figure above, the deadweight loss is
A) $4,000 an hour. B) $2,000 an hour. C) $1,000 an hour. D) $5,000 an hour. E) zero.
Economics
A sharp increase in the divorce rate increases the number of lawyers hired to determine divorce settlements. This will
A) decrease GDP and increase well-being in the economy. B) decrease GDP and decrease well-being in the economy. C) increase GDP and decrease well-being in the economy. D) increase GDP and increase well-being in the economy.
Economics