Author Question: The Federal Constitution, like the laws under English rule, permitted the U.S. government to (a) ... (Read 66 times)

cartlidgeashley · **on:** Jun 30, 2018

The Federal Constitution, like the laws under English rule, permitted the U.S. government to

(a) impose taxes to pay for government services and national defense.
(b) regulate commerce with other countries.
(c) create money and regulate its value.
(d) do all of the above.

Question 2

If the population of Country A grows at 3 a year but technology growth is zero, then the neoclassical model predicts that in the steady state

a. the capital-to-labor ratio will increase at 3 a year.
b. per capita output to grow at 3 a year.
c. per capital output to grow at less than 3 a year.
d. the capital-to-labor ratio to decrease at 3 a year.
e. a and b.