Division of labor has caused output to rise dramatically since the industrial revolution
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following was a key factor which pushed the nation close to civil war?
(a) The Missouri Compromise of 1820 (b) Dred Scott v. Sanford Supreme Court Case (c) The Tariff of Abominations of 1828 (d) The Supreme Court practice of "judicial instrumentalism," which the South believed undermined the Constitution
Since 1999, the number of small state-owned enterprises (SOEs) in China has
A) decreased, but the large SOEs continue to hold a large proportion of industrialized assets. B) increased, but large SOEs has decreased. C) decreased along with the large SOEs. D) remained unchanged.
If the exchange rate between the Canadian dollar and the American dollar was fixed at 1.30 Canadian dollars per U.S. dollar and investors perceived Canadian bonds to be equal in value and risk to U.S. bonds, if the U.S. bonds are selling for $1,000 and have a 5 percent interest rate, assuming capital flows freely between the two countries what will be the price and the interest rate of the Canadian bonds?
What will be an ideal response?
Economists study poverty and income inequality to answer which of the following questions?
a. What are people's wages? b. How does labor-force experience affect wages? c. How much inequality is there in society? d. How do people adjust their behavior due to taxation?