The innovations that allowed robust economic growth between 1950 and 2000

A. were unrepeatable.
B. were never really that important.
C. were repeated in the period after 1980 but didn't have the same impact.
D. were focused on entertainment.


Answer: A

Economics

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Use the following graph to answer the next question. The graph suggests that the GDP price index during the period shown was generally ________.

A. decreasing B. positive C. constant D. increasing

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Before 1863

A) federally-chartered banks had regulatory advantages not granted to state-chartered banks. B) the number of federally-chartered banks grew at a much faster rate than at any other time since the end of the Civil War. C) banks acquired funds by issuing banknotes. D) banks were required to maintain 100% of their deposits as reserves.

Economics

For each city across the U.S., economists construct a price index for a similar basket of goods. In Los Angeles the index is 127.3 and the index for Dallas is 94.8

If you have been offered $137,000 for a job in Los Angeles and $117,000 for a similar job in Dallas, which job affords you the highest purchasing power of the bundle of goods in the price index? Use the Los Angeles value as the base.

Economics

If the production of oranges reduces global warming, then the equilibrium quantity of oranges will be ________ the socially optimal quantity.

A. lower than B. equal to C. more valuable than D. higher than

Economics