Which of the following statements correctly characterizes the distribution of colonial wealth?
a. Colonial wealth was distributed equally across the population.
b. While the distribution wealth was highly concentrated in the South, New England , the Middle colonies had very equal wealth distributions.
c. Wealth inequality tended to be greatest in colonial cities.
d. A permanent underclass of free poor people developed during the colonial period.
c. Wealth inequality tended to be greatest in colonial cities.
Economics
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In the above figure, if the natural monopoly is not regulated then consumer surplus is
A) $48 million. B) $60 million. C) $108 million. D) $192 million.
Economics
The exchange rate is kept the same across geographically-separate markets by
A) hedging. B) speculation. C) government regulation. D) arbitrage.
Economics