Which statement best describes the railroad?
(a) It is a good example of "technology transfer" (from England to the U.S.)—the first operating railroad was in England.
(b) It is an American home product—the first operating railroad was in the U.S.
(c) It was invented in England but first put into operation in the U.S.
(d) It was invented in the U.S. but first put into operation in England.
(a)
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Understanding the supply and demand model facilitates
A) greed. B) charity. C) happiness. D) prediction.
Explain the effect of self-selection on compensating wage differential.
What will be an ideal response?
The time required for a new fiscal policy to have the desired effect on the economy after implementation is called the
A. political lag. B. impact lag. C. recognition lag. D. decision lag.
Means tested government programs:
A. require recipients to undergo skills testing for benefits. B. are rarely used in the US. C. are as effective as unconditional cash transfers. D. define eligibility for benefits based on recipients' income.