All of the following statements accurately describe pre-1763 British colonial policy except:
a. England discouraged western settlements in an effort to reduce conflicts between colonists and Native Americans.
b. English taxes imposed on colonists were much lower than the taxes imposed on English residents.
c. England passed certain laws designed to reduce colonial production of goods that duplicated popular English products.
d. Colonial governors and the Privy Council rarely used their veto power to overturn colonial laws.
a. England discouraged western settlements in an effort to reduce conflicts between colonists and Native Americans.
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Moral hazard and adverse selection are the result of
A) poorly functioning markets. B) government intervention. C) private information. D) treachery.
Which of the following is a reason not to join a monetary union?
A) the loss of national identity B) the loss of seignorage C) a lack of fiscal integration D) All of these are reasons not to join.