Between 1870 and 2010, among the United States, Germany, Japan, and Australia, ________ grew at the fastest rate and ________ grew at the slowest rate
A) United States; Germany
B) Germany; United States
C) Australia; Japan
D) Japan; Australia
D
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Total efficiency units of labor is:
A) obtained by multiplying the total number of workers in the economy by the average efficiency of each worker. B) obtained by dividing the total capital stock of the economy by the total number of workers. C) obtained by multiplying the total population of the economy by the average amount of capital available to each worker. D) obtained by dividing the total number of workers in the economy by the average efficiency of each worker.
Which of the following would increase aggregate demand?
a. A deficit in the government budget b. An increase in taxes c. An increase in government borrowing d. A surplus in the government budget e. A decrease in government spending
If economics is correct in its assumption that people are rational, why then would anyone choose to smoke cigarettes?
Suppose the central bank of Blugonia has the responsibility of controlling the supply of money in the economy. This responsibility of the central bank is considered a part of _____
a. budget balancing b. decentralized banking c. monetary policy d. trade policy