Improvements in transportation during the first half of the 19th century
a. enhanced labor mobility and made both product and labor markets more competitive.
b. helped local political entities create monopolies, making both product and labor markets less competitive.
c. were only profitably implemented in the Northern states, causing product shortages in the Southern states.
d. None of the above are correct.
a. enhanced labor mobility and made both product and labor markets more competitive.
You might also like to view...
How has the U.S. growth experience compared to that of Central Europe and Africa? How has compared to the recent experience of Asian nations such as Hong Kong and Singapore
What will be an ideal response?
If the dollar appreciates, American consumers will buy more foreign goods and services
a. True b. False Indicate whether the statement is true or false
Producing where marginal revenue equals marginal cost is equivalent to producing where
A) total revenue is equal to total cost. B) total profit is maximized. C) average fixed cost is minimized. D) average total cost equals average revenue.
In addition to fiscal policy, the other main tool used to affect aggregate demand is
a. trade policy. b. industrial policy. c. planning policy. d. monetary policy.