The Great Divergence refers to:
a. The collapse of communism
b. AsiaÕs rise after World War II
c. ChinaÕs rapid growth after MaoÕs death
d. The decline of Asia after the industrial revolution
e. none of the above
D
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In the early 1950s the two new factors that stimulated the United States' economy were ___________ and ____________.
Fill in the blank(s) with the appropriate word(s).
Which of the following is a role played by the Fed in the U.S. economy?
A) It acts as a lender of the last resort in case of bank runs. B) It determines the import duty on raw materials being imported into the country. C) It acts as a direct source of funds for new businesses and startups. D) It takes political decisions during periods of recessions.
Modern economic growth began
What will be an ideal response?
Matt has studied the personal computer market in his town and has examined his sales history. He believes an additional computer could be sold in the community for each reduction in price of $1. He also believes that at $2,500 the last customer in town would do without a computer. How would you represent algebraically the demand function for computers in the town?