The massive shift of population and industry out the large central cities from the late 1940s through the 1960s was caused by
A. terrorist attacks.
B. the mechanization of agriculture.
C. suburbanization.
D. the widespread use of electricity.
E. fear of nuclear war.
C. suburbanization.
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The price elasticity of supply is calculated as the change in supply divided by the change in price
Indicate whether the statement is true or false
A bank creates money
A) never since it only lends out money it owns. B) when it makes loans. C) when it prints bank notes. D) when it pays out reserves.
Indifference curves that cross violate the property of
a. the marginal rate of substitution. b. transitivity. c. indifference curves bowing inward. d. They do not violate any properties of indifference curves.
The federal budget process begins when federal agencies submit their budget requests to the:
a. Treasury Department.
b. Council of Economic Advisors (CEA).
c. Office of Management and Budget (OMB).
d. Congressional Budget Office (CBO).