Author Question: Licensing and regulation of business activities by colonial governments (a) occurred only ... (Read 17 times)

evelyn o bentley · **on:** Jun 30, 2018

Licensing and regulation of business activities by colonial governments

(a) occurred only infrequently.
(b) was a common practice in early colonial times but the British eventually replaced it with a policy
of laissez faire before the American Revolution.
(c) was very common throughout the colonial period just as it is today.
(d) is basically inconsistent with American concepts of freedom of enterprise and so has never been common practice in either colonial or modern times.

Question 2

According to the Keynesian model, the optimal fiscal policy is to

a. increase cyclical but not structural deficits during a recession.
b. reduce cyclical and structural deficits during a recession.
c. increase structural deficits during an recession.
d. maintain a balanced budget in case of national emergency.