A flow variable
a. measures a process that takes place over a period of time
b. is often used to measure the amount of wealth that a household has
c. is related to the supply and demand of water
d. measures a quantity in existence at a moment in time
e. is a definition unique to economics
A
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Extractive institutions control political power to:
A) enforce property rights and an equitable legal system. B) allow new businesses to enter and compete in a market. C) transfer resources from the ruling party to society. D) transfer resources from society to the ruling party.
Why were many U.S. citizens against the Second Bank of the United States, which was an attempt by Congress to restore order in the monetary system in 1816?
(A) Citizens feared that a central bank placed too much power in the hands of the federal government. (B) Citizens believed that the Federal Reserve Districts were not assigned appropriately. (C) Citizens feared that there could be a reoccurrence of "The Panic of 1807." (D) Citizens believed that the states should not be given power over the banking system.