During the period from 1910 to 1919, demand for U.S. farm goods
A. Increased because of the improved farm technology.
B. Increased because of the expanded foreign demand.
C. Decreased because of restrictions on international trade.
D. Decreased because of the Great Depression.
Answer: B
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If there are an estimated 20,000 barrels of unknown reserves of oil, annual consumption of oil is 800 barrels, and it is estimated that the supply of oil will be depleted in 50 years, how many barrels of known reserves of oil are there estimated to
be, all else equal? A) 1,250 B) 16,000 C) 20,000 D) 320,000
Why are economic growth and saving related?
What will be an ideal response?
Profit is the payment made for land resources
a. True b. False
When is a demand curve smooth?
a. when there are no consumers b. when there are few consumers c. when there is one consumer d. when there are many consumers