Between 1870 and 1920, the total labor force increased by threefold while
(a) the total number of people employed in agriculture increased by almost twofold and the total number of people employed in manufacturing and other non- agriculture increased fivefold.
(b) the total number of people employed in agriculture increased by almost fivefold and the total number of people employed in manufacturing and other non- agriculture increased
by threefold.
(c) the total number of people employed in agriculture increased and the total number of people employed in manufacturing and other non- agriculture increased by threefold.
(d) the total number of people employed in manufacturing and other non- agriculture increased
fivefold while agriculture decreased by twofold.
(a)
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Overall, what type of economy are we in today?
A. Creative B. Agricultural C. None of the options listed. D. Knowledge E. Industrial
If you were a borrower, which of the following unexpected changes in inflation would you prefer once you have taken out a long term fixed rate loan?
a. An increase from 2% inflation to 6% inflation. b. An increase from 7% inflation to 10% inflation. c. A decrease from 14% inflation to 8% inflation. d. A decrease from 6% inflation to 3%.
Which of the following influences the demand for money?
A. Only the money supply. B. Only the interest rate. C. Only the level of income. D. Both money supply and interest rate influence the demand for money.
José is putting money for college in a savings account. The bank then makes this money available to business borrowers. In essence:
a) José is supplying loanable funds for business investment. b) José is demanding loanable funds. c) The interest rates that businesses pay are independent of the actions of suppliers of funds, such as José. d) Financial markets are not performing the role of an intermediary.