The Industrial Revolution refers to the stream of new technology and the resulting growth of output than began in England toward the end of the eighteenth century
a. True
b. False
Indicate whether the statement is true or false
True
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Use the following table to answer the next question. Year123456Price Index10095105125125120If output increases by 8% from year 5 to year 6, then in that period ________.
A. real GDP will rise faster than nominal GDP B. real GDP will decrease C. real GDP will rise slower than nominal GDP D. nominal GDP will decrease
If a monopolist lowers its price to increase sales from 100 to 200 units, then the
a. price at the 200th unit will be less than the marginal revenue of the 200th unit b. price at the 100th unit will be greater than the marginal revenue of the 200th unit c. profit earned producing 200 units will be greater than the profit earned producing 100 units d. price at the 200th unit will be greater than the marginal revenue of the 200th unit e. profit earned producing 100 units will be greater than the profit earned producing 200 units
Enforceable private property risks
A. Make economic development more likely. B. Make economic development less likely. C. Guarantee that economic development will occur. D. Ultimately have title effect on economy E. Guarantee that economic development will not occur.
What are the primary causes of hyperinflations? Explain
What will be an ideal response?