Macroeconomics

In answer to the question “How did Britain affect American economic gr

In answer to the question “How did Britain affect American economic growth?” Hughes and Cain (2011) reach what conclusion? (a) The colonies were launched with English institutions, and they were allowed to modify them to meet local needs. In exchange for their investment in the colonies, the British expected the American colonies to produce and […]

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Date: September 10th, 2020

The evidence indicates that during the 1770s, the American colonists w

The evidence indicates that during the 1770s, the American colonists were (a) among the most heavily taxed people in the European world. (b) among the most lightly taxed people in the European world. (c) taxed at a rate that was similar to other people in the European world. (d) taxed at rates that can’t be […]

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Date: September 10th, 2020

The official reserve transactions balance in the United States balance

The official reserve transactions balance in the United States balance of payments accounts is a. reflects the difference between government spending and total taxes. b. negative if a current account deficit exceeds a capital account surplus. c. positive if a current account deficit exceeds a capital account surplus. d. none of the above   ANSWER […]

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Date: September 10th, 2020