Studies indicate that after the Civil War and up to the 1890s, farmers did not benefit from an improvement in their terms of trade between agriculture and manufacturing

However, they did benefit from a decline in transportation charges relative to farm prices. Indicate whether the statement is true or false


False

Economics

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________ predicts that real GDP per person can grow indefinitely

A) New growth theory B) Classical growth theory C) Profit growth theory D) Neoclassical growth theory

Economics

In Zealand, banks' desired reserve ratio is 20 percent and there is no currency drain. The money multiplier equals ________

A) 0.50 B) 0.20 C) 20.0 D) 5.0

Economics

If productivity growth equals 3.0 percent, the contribution from capital growth 1.2 percent and the contribution from labor growth 2.0 percent, then output growth must equal ________

A) 2.2 percent B) 4.2 percent C) 6.2 percent D) 7.2 percent

Economics

A stock market boom increases wealth and thus consumption.

Answer the following statement true (T) or false (F)

Economics