Thomas Jefferson argued that the U.S. should adopt the Spanish dollar as the official unit of account because

a. so many colonists came from Spanish-speaking nations.
b. it was based on the decimal system.
c. it was less prone to inflation than other units of account.
d. it was the unit of account used in most European countries.

b. it was based on the decimal system.

Economics

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When airplanes take off and land at Logan airport, residents of East Boston complain about the noise. The same planes make the same noise during the trip to Boston from Paris, but there are no ____ for most of the trip because ____

a. jet sounds; noise doesn't travel at high altitudes b. third parties; there are no externalities c. externalities; there are no third parties d. complaints; airplanes are insulated e. free riders; passengers must pay to board the plane

Economics

Poverty is defined in two ways: the absolute concept of poverty and the relative concept of poverty

a. True b. False Indicate whether the statement is true or false

Economics