According to your authors, the United States would probably not have experienced tremendous economic growth between 1800 and 1870 were it not for
A) slavery.
B) sharecropping.
C) antitrust legislation.
D) balanced federal budgets.
E) technological innovation.
E
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A key assumption of the public choice model is that government policymakers will pursue their own self-interests
Economists assume that consumers and firms pursue their own self-interests when they interact in competitive markets and this interaction results in efficient economic outcomes. Does the pursuit of self-interest by policymakers result in efficient economic outcomes?
Write the equation representing the short-run Phillips curve
The situation where movers are less capable and less motivated than similarly educated people who don't migrate is called:
A. Backflow B. Brain drain C. Reverse migration D. Negative self-selection
The foreign exchange rate is defined as the
A) equal to the amount of the current account deficit. B) equal to the amount of the capital account deficit. C) volume of the world currencies traded. D) rate or the speed with which the currencies of the worlds are traded. E) price at which one currency exchanges for another.