In the 1800s, early agricultural activity in the U.S. used the technology of the time which was based on
(a) handwork and animal power.
(b) waterpower and the steam engine.
(c) the internal combustion engine and electric motor.
(d) large-scale enterprises using water driven machinery.
(a)
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The assumption that individuals will not intentionally make decisions that will leave them worse off is known as
A) microeconomic analysis. B) macroeconomic analysis. C) a model or theory. D) the rationality assumption.
The price indexes that are alternatives to the CPI are ________.
A) unbiased CPI and the unbiased GDP deflator B) the GDP deflator and the chained price index for consumption C) the chained price index for consumption and the CPI deflator D) the core GDP deflator and the CPI deflator E) the GDP deflator and the CPI deflator
An individual bank can lend out at most its
What will be an ideal response?
What is the fastest-growing component of consumption in the United States?
A. new home construction B. nondurable goods C. durable goods D. services