Under a gold standard, a balance of payments surplus automatically

Under a pure system of laissez faire, the government would not do which of the following?

a. prosecute criminals b. provide national defense c. punish those involved in conspiracies to fix prices d. establish minimum wages

The relative importance of housing in the breakdown of consumer spending is

a. 42 percent. b. 15 percent. c. 6 percent. d. 4 percent.