With regard to the subject matter of American economic history, Hughes and Cain (2011) suggest that
(a) the presence of the highest living standards known in world history supports the claim that American history is largely a "success story."
(b) the American economy is an economy with only successes but no failures.
(c) U.S. history provides a fragmented record of problem-solving and problem-producing
solutions to the challenges of economic development.
(d) there is no link between today's economy and the economy of yesteryear.
(a)
You might also like to view...
The US is experiencing a technological boom. Relative to the other countries with lower technological growth, we expect to see the dollar
a. Appreciate b. Depreciate c. Stay constant in value d. None of the above
If the price of airline tickets falls, what will happen to the demand curve for flight attendants?
a. It will shift to the right. b. It will shift to the left. c. The direction of the shift is ambiguous. d. It will remain unchanged.
Jasmine has recently moved to Florida because she loves the warm climate there. Being new to the area, she will need to spend a few weeks looking for a new job. This is an example of:
a) frictional unemployment. b) cyclical unemployment. c) structural unemployment. d) underemployment.
How does an economist compare the standard of living in two different countries?
(A) By measuring physical capital. (B) By looking at the quality of life. (C) By seeing how the GDP is distributed. (D) By comparing real GDP per capita.