The value of output produced in colonial America equals the value of income generated by the productive resources (land,natural resources,labor,capital and entrepreneurial talent)used to produce that output.
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Q1: Paper money helped colonists pay soldiers for
Q2: During the colonial period,the English permitted both
Q4: By 1774,the Southern colonies'
A) share of total
Q5: According to the quantity theory of money,a
Q6: Growth in real output per person occurred,on
Q7: By restricting the amount of precious metals
Q8: Of the 1790 colonist population,over 80 percent
Q9: Animal skins,livestock,tobacco,teeth and rocks have historically served
Q10: During the colonial period,
A) both men and
Q11: The money value of all trading activity
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