In terms of exports from the colonies, ______ and ______ were the top two trading partners
a. the United Kingdom; Africa
b. Southern Europe; the West Indies
c. the West Indies; the United Kingdom
d. the United kingdom; Southern Europe.
c. the West Indies; the United Kingdom
Economics
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If it takes 35 years for real GDP to double, real GDP is growing at an annual rate of approximately 2%
Indicate whether the statement is true or false
Economics
The people of the Island of Yap used stones as a general medium of exchange. Therefore,
A) their economic system was based upon barter. B) their stones served as money. C) they had no price system, because prices can't be measured with stones. D) inflation was impossible.
Economics