The leading producer of manufactured goods in 1900 was
a. the United States.
b. Germany.
c. England.
d. Canada.
a. the United States.
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Unpredictable changes in the value of money, which brings about gains and losses, are a consequence of unpredictable changes in
A) real GDP. B) unemployment rate. C) inflation. D) productivity.
Suppose Bev's Bags makes two kinds of handbags-large and small. Bev rents an industrial space where she keeps the fabric, the industrial sewing machine, her measuring board and cutting shears, extra needles, thread and buttons, and labels. If Bev were to produce no bags, what would her variable cost include?
A. The cost of the fabric B. The sewing machine C. The measuring board D. Her variable cost would be zero if she produced zero bags.
Fixed exchange rates give countries too much freedom over their monetary policies, thereby threatening higher rates of inflation
a. True b. False Indicate whether the statement is true or false
By providing free garbage removal, a community
a. discourages activities that produce detrimental externalities. b. encourages citizens to recycle items rather than throw them out. c. leads citizens to throw out more garbage than is socially optimal. d. None of the above is correct.