The colonies as a whole had a significant commodity trade deficit with England. In order to finance this deficit the colonies relied on all of the following sources of income except
a. a commodity trade surplus with Southern Europe.
b. the sale of colonial shipping services.
c. mining of gold and silver that were used to make Colonial coins.
d. British government spending in the colonies.
c. mining of gold and silver that were used to make Colonial coins.
Economics
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Any combination of two goods that lies beyond the production possibilities frontier
A) is currently impossible to produce. B) is currently possible to produce, but not worth trying. C) represents economic waste. D) represents a more efficient combination of output than anything lying on the frontier.
Economics
If the Fed wants to fight unemployment, it would ______________
Fill in the blank(s) with the appropriate word.
Economics