In the New England colonies,
(a) long winters, short summers, heavily forested areas, and rocky terrain contributed to a lack of productive farmland; agriculture was a difficult, marginal activity.
(b) the great majority of New Englanders engaged in some type of subsistence agricultural activity.
(c) most New England farmers subsidized their farm income with some other type of income from another occupation to support themselves, save and invest.
(d) all of the above are true.
(d)
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The more ________, the larger is the amount of the tax on the good that the ________ pays
A) elastic the demand for a good; buyers B) inelastic the demand for a good; buyers C) inelastic the supply of a good; buyers D) elastic the supply of a good; sellers
A movement from an upper point to a lower point on the Phillips curve shows
a. decrease in the inflation and decrease in the unemployment. b. increase in the inflation and decrease in the employment. c. increase in the inflation and increase in the employment. d. decrease in the inflation and increase in the unemployment.