The Sugar Act (1764):
a. decreased the tariff that had been established by the Molasses Act.
b. was designed to raise revenue for England.
c. was more vigorously enforced than the Molasses Act.
d. was designed to support England's mercantilist goals.
e. All of the above.
e. All of the above.
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Which of the following could cause nominal GDP to increase, but real GDP to decrease?
A) The price level falls and the quantity of final goods and services produced falls. B) The price level falls and the quantity of final goods and services produced rises. C) The price level rises and the quantity of final goods and services produced falls. D) The price level rises and the quantity of final goods and services produced rises.
Investment, as defined by economists, would not include which of the following? Ford
A) buys a new robotic machine (from a plant in Ohio) to assemble cars. B) builds another assembly plant in the United States. C) buys U.S. government bonds. D) adds 1,000 new cars to inventories.