The Industrial Revolution was centered in Great Britain, and the British
(a) tried to achieve a technological monopoly.
(b) were willing to freely share industrial technology with their colonies but no other nations.
(c) believed in free trade and the sale and export of technology to any nation that wanted to pay for it.
(d) were willing to share their technology with other nations but not their colonies because they wished the colonies to specialize in the production of agriculture and raw materials for export
to England.
(a)
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Constructing the CPI involves which of the following stages? i. conducting the monthly price survey ii. converting the CPI to an international index iii. selecting CPI market basket
A) i only B) ii only C) iii only D) i and iii E) i, ii, and iii
If a person takes $100 from his/her piggy bank at home and puts it in his/her savings account, then M1 will ________ and M2 will ________
A) not change; increase B) decrease; not change C) decrease; increase D) increase; increase E) increase; decrease
A "single tax" on land was proposed in the nineteenth century by
a. Lloyd George. b. Henry George. c. George Washington. d. George Sands.
Changes in nominal GDP reflect
a. only changes in prices. b. only changes in the amounts being produced. c. both changes in prices and changes in the amounts being produced. d. neither changes in prices nor changes in the amounts being produced.