Why did American colonists have trouble redeeming Continentals, representative money backed by the Second Continental Congress?
(A) There was a shortage of gold and silver.
(B) The government had no power to collect taxes.
(C) Colonists preferred to use bills issued by the Massachusetts Bay Colony.
(D) They were thought to be a symbol of central government control.
Ans: (B) The government had no power to collect taxes.
Economics
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During the antebellum period, rapid economic growth was accompanied by significant changes in public economics and policy-making
Indicate whether the statement is true or false
Economics
Which of the following would be strictly a microeconomic topic?
a. a general rise in interest rates b. a drop in inflation c. an increase in total production in the United States d. a drop in the nation's unemployment rate e. an increase in the price of the Ford Taurus
Economics