In 1929 we produced over _____ million motor vehicles.
Fill in the blank(s) with the appropriate word(s).
Answer: 5
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A period in which the economy is growing at a rate significantly below normal is called a(n):
A. recession. B. peak. C. boom. D. expansion.
It is possible for a country without a lot of domestic natural resources to have a high standard of living
a. True b. False Indicate whether the statement is true or false
Compared to those with less economic freedom, countries with more economic freedom generally have ____ per capita GDP levels and ____ growth rates.
What will be an ideal response?
From an economic perspective, when a student decides to attend another year of college, the student has concluded that the marginal:
A. benefits of attending college are greater than the marginal costs. B. costs of attending college will be subsidized by someone else such as parents or the government. C. costs of attending college have increased that year. D. benefits of attending college have decreased that year.