One of the main reasons that explains why the Industrial Revolution started in Britain is that:
A) economic agents in Britain opposed creative destruction.
B) Britain was a command economy.
C) Britain had inclusive institutions.
D) property rights were absent in Britain.
C
Economics
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Of the following, the largest single component of U.S. federal government expenditures is spent on
A) transfers to state and local governments. B) Medicare and Medicaid. C) interest paid on the national debt. D) purchases of goods and services for purposes other than national defense. E) national defense.
Economics
An expansionary monetary policy in the United States should
A) cause the dollar to appreciate. B) decrease the foreign currency price of U.S. exports. C) decrease net exports. D) decrease the dollar price of imports.
Economics