What were the changes to Spanish and American claims in North America made by the Adams-Onís Treaty? -The Americans agreed that Texas was not part of the Louisiana Territory.
-The Spanish surrendered all of Alabama to the United States.
-The Americans agreed that Mexico was not part of the Louisiana Territory.
-The Spanish surrendered all of Florida to the United States.
-The Spanish surrendered all their claims to the Oregon Country.

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment. b. the allocation of resources between private markets and the public sector. c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t. d. differences in productivity. e. ones that think at the margin and respond to incentives and those that don’t.