In 1930, agriculture accounted for 10 percent of the U.S. GDP; in 2000, it accounted for only 5 percent of the GDP
Indicate whether the statement is true or false
False
You might also like to view...
Demand for luxuries tends to be
a. elastic. b. inelastic. c. indeterminate. d. unit elastic.
Subjective probabilities are based on ________ and ________ data.
A) best estimates; not on B) relative frequencies; not on C) relative frequencies; on D) best estimates; on
States' rights advocates were reluctant to interfere with a bank's freedom to give or not give credit
Indicate whether the statement is true or false
Currencies depreciate and appreciate all the time. Who gains and who loses when the Mexican peso depreciates?
a. Americans holding Mexican pesos gain, U.S. tourists to Mexico lose b. U.S. exporters to Mexico gain, Americans holding pesos lose c. Mexican tourists gain, U.S. tourists in Mexico lose d. Mexican importers gain, Mexican exporters lose e. Mexican exporters gain, Mexican importers lose