Which statement is true?
A. America has always had a very productive agricultural sector.
B. The most influential factor in the United States' economic development during the 19th century was a great abundance of labor.
C. The central problem of economics is an oversupply of capital.
D. None of the statements are true.
A. America has always had a very productive agricultural sector.
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In 1970 the CPI was 39, and in 2000 it was 172. A local phone call cost $0.10 in 1970. What is the price of this phone call in 2000 dollars?
A) $1.42 B) $0.39 C) $1.72 D) $0.44 E) $0.23
Which of the following statements is true about public goods?
a. They are always produced by the government. b. The market-determined output is efficient. c. The government can hire a private entity to produce a public good. d. Nonexcludability is sufficient condition for a good to classified as a public good.
Deflation in the United States would tend to make the exchange value of the dollar depreciate
a. True b. False Indicate whether the statement is true or false
Refer to the data provided in Table 11.2 below to answer the following question(s). Table 11.2 
Refer to Table 11.2. When the interest rate ________, the farmer will investment in all four projects.
A. is less than 15% B. is greater than 15% C. is greater than 5% D. is less than 5%