To understand how the colonial economy developed, Hughes and Cain (2011) claim one must understand

(a) what motivated colonists to settle in different locations.
(b) what colonists produced, how much they produced, for whom they
produced and with whom they traded.
(c) the legal system in which they operated.
(d) all of the above.

(d)

Economics

You might also like to view...

Ceteris paribus, an increase in the money supply will lower short-term interest rates

Indicate whether the statement is true or false

Economics

A price ceiling imposed on a good that is below the equilibrium price will result in a shortage of that good

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

Economics