The largest component of consumption expenditures is:
a. durables

Important sources of conflict in colonial America include conflicts between all of the following except

(a) Slaves and masters (b) Native Americans and colonists (c) Puritans, Roman Catholics, and Protestants (d) Indentured servants and masters

Because of product differentiation in a monopolistically competitive market, the demand curve for an individual firm will be

A) horizontal. B) vertical. C) downward sloping. D) upward sloping.