Saltbricks will be considered as money if they are generally acceptable to sellers in exchange for goods and services

Institutional reversal refers to the fact that:

A) the same institutions that were highly inclusive in the year 1500 slowly changed into extractive institutions as a result of modernization. B) Europeans established more extractive institutions in places that were previously more developed, and set up more inclusive institutions that were previously less developed. C) Europeans established more extractive institutions in places that were previously less developed, and set up more inclusive institutions that were previously more developed. D) the same institutions that were highly extractive in the year 1500 slowly changed into inclusive institutions as a result of modernization.

Economists have difficulty applying the scientific method because:

A. Economics has a short history B. The scientific method does not really apply to economics C. People are the focus of economics, and their behavior is highly predictable D. Controlled laboratory experiments in economics are often not feasible