According to Habakkuk (1962), the high price of western lands before the Homestead Act (1862) kept workmen in the eastern manufacturing cities and thus slowed down the rate of adoption of labor-saving technology
Indicate whether the statement is true or false
False
Economics
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Differentiate between the following
a) Normal goods and inferior goods b) Substitutes and complements
Economics
Between 2006 and 2009, our current account deficit.
A. increased B. decreased C. stayed the same.
Economics
Explain what is meant by shoe-leather costs
What will be an ideal response?
Economics
The theory of regulation developed to deal with "natural monopolies" is called:
A. Legal cartel theory B. Public interest theory C. Potential competition theory D. Social regulation theory
Economics