Which of the following is not a reason why the Industrial Revolution occurred when and where it did?
A) The British government was able to more easily seize wealth.
B) Institutional changes by the British government helped protect wealth.
C) The British government was committed to upholding private property rights.
D) The British government was able to eliminate arbitrary increases in taxes.
A
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The Keynesian approach to fiscal policy calls for: a. budget deficits during periods of inflationary pressure. b. budget surpluses during periods of high unemployment. c. a balanced budget despite the state of the economy
d. tax cuts during recession. e. spending increases during inflation.
The poverty threshold income level is
a. adjusted annually for increases in real per capita income. b. adjusted annually for changes in prices. c. invariant to differences in the size and composition of families. d. the highest income level that would leave one in the bottom quintile of income recipients.