Brinley Thomas (1954) argues that immigrants were attracted to the United States between 1815 and 1914 for all of the following reasons except
(a) Harvest failures in the home countries of the immigrants
(b) Organized labor opportunities, health benefits, safe working conditions and healthy work environments in the U.S.
(c) European population increases, contributing to problems associated with more mouths to feed
in a stagnant European economy
(d) Increasing job opportunities in an expanding U.S. economy
(b)
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Protectionism tends to be concentrated in two sectors
A) agriculture and clothing. B) high-tech and national security sensitive industries. C) capital and skill intensive industries. D) industries concentrated in the South and in the Midwest of the country. E) financial services and manufacturing based in the Midwest.
Limited liability is a characteristic of
A) partnerships only. B) corporations only. C) partnerships and proprietorships only. D) proprietorships only.
A perfectly elastic demand curve has an elasticity coefficient of:
a. 0. b. 1. c. less than 1. d. infinity.
The balance on goods and services is the same as the balance on the current account
a. True b. False Indicate whether the statement is true or false