From 1950 to 2017 the number of people who lived on farms fell from 23 million to fewer than 3 million. Which of the following factors have contributed to this trend?

When aggregate economic activity is increasing, the economy is said to be in

A) an expansion. B) a contraction. C) a peak. D) a turning point.

What is a repurchase agreement?

What will be an ideal response?

If producing more output has no effect on average cost then

A) there are diseconomies of scale. B) there are economies of scope. C) there are diseconomies of scope. D) there are no economies of scale.

The size of a country's GDP is the best way to identify a less-developed country

Indicate whether the statement is true or false