Ames and Rosenberg (1963) argue that demand for manufactured goods in the U.S. tended to be utilitarian in nature rather than "high quality," and this encouraged development of mass production methods
Indicate whether the statement is true or false
True
You might also like to view...
Which of the following statements is false?
A. Asymmetric information can exist both before and after a transaction. B. Moral hazard occurs when one party to a transaction changes his or her behavior in a way that is hidden from and costly to the other party. C. Adverse selection has the potential to eliminate some markets. D. none of the above
The international financial organization created at the Bretton Woods conference in 1944 that helps developing countries obtain low-interest loans is called the:
A) World Bank. B) International Monetary Fund. C) U.S. Treasury. D) U.S. Agency for International Development.
When private ownership rights are well-defined and enforced, owners of physical assets and resources will have an incentive to do which of the following?
What will be an ideal response?
The equation, ?Y/Y = ?A/A + aK?K/K + aN?N/N, is known as
A. the productivity formula. B. the Solow model. C. the production function. D. the growth accounting equation.