The work of Roger Ransom has shown that the burden of the Navigation Acts on colonial trade to continental Europe
a. was disproportionately large on the Southern colonies.
b. amounted to 5 percent of colonial income.
c. amounted to less than one percent of colonial income.
d. Both a and b are correct.
e. Both a and c are correct.
e. Both a and c are correct.
Economics
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In the figure above, which of the following represents a real flow?
A) Expenditures on real estate services B) Profit C) Capital D) Wages E) Both B and D
Economics
The above figure depicts the Edgeworth box for two individuals, Al and Bruce. If the endowment is at point a, and Al has no ability to bargain, the final allocation will be at point
A) a. B) b. C) c. D) d.
Economics