Answer:
A) the poor and indebted citizens of England
Explanation:
- The Revolution happened in second half of 18th Century, so it is impossible to be addressed to those who lost property then.
- King of England would never address the slaves.
- So, it has to be C or D. It is D, because he is addressing the poor people who need to maintain their families.
Hayek believed the economy too complicated to think in terms of aggregates. This is the foundation of monetarism theory. He believed that people are unpredictable in their choices. Consequently, expansionary policy was potent because it could potentially lead to inflation and affect individual choices.
Answer:
A producer who has a <u>"comparative advantage"</u> experiences less cost when producing that good when compared with another producer.
Explanation:
When a producer is able to produce goods at a lower opportunity cost than the cost of other producers or partners of trade, than the term which is used in economics for this is comparative advantage. When you sell goods at lower cost than the others, it’s obvious that you will get stronger sale margins because everyone will buy your products.
1.F
2.T
3.F
4.T
These are the answers hope it helps
Answer: Purpose of the sugar law
Explanation: The goal of this law was threefold. First, the British realized that smuggling was almost endemic and that the rule of law was being undermined by illegal trade. Secondly, to protect British Commerce by introducing new trade restrictions after established navigation acts. Three, the war of the French Indians had taken a toll on British finance and the Americans had to pay for their own protection. With these goals on mind, the sugar law was designed to bring down colonial trade with countries other than Britain, especially France and Spain with colonies in the west Indies while increasing revenue to pay British debt.
