Author Question: By 1774, the Southern colonies' (a) share of total colonial wealth was the lowest. (b) wealth ... (Read 62 times)

littleanan · **on:** Jun 30, 2018

By 1774, the Southern colonies'

(a) share of total colonial wealth was the lowest.
(b) wealth per capita was the highest.
(c) land contributed very little to total wealth.
(d) depended heavily on immigrant labor.

Question 2

According to the public-choice view,

a. laissez-fare is always the best economic policy.
b. macroeconomic policymakers are only interested in the social good.
c. policymakers often act in irrational ways or out of ignorance.
d. politics often trump economic theory in policymaking.
e. both c and d.