According to Allan Kulikoff, between 1630 and 1670, major surges in productivity caused tobacco output per worker to increase by a factor of:
a. two (doubling).
b. three (tripling).
c. four (400%).
d. five (500%).
e. Tobacco productivity held steady during these years.
a. two (doubling).
You might also like to view...
As a component of GDP, consumption expenditures refers to purchases by consumers of currently produced goods and services
Indicate whether the statement is true or false
The direct exchange of goods and services for other goods and services is known as
A) barter. B) purchasing power. C) intermediation. D) wholesale trade.
When economic profits are negative, accounting profits
A. must be positive. B. will be negative. C. will equal zero. D. could be positive, negative or zero.
Microfinance is the practice of lending ________, with no collateral, and accepting ________ savings deposits.
A. government-backed funds; government securities as B. very small amounts of money; small C. foreign currency; foreign currency as D. money electronically; electronic