Say that after graduation you live in Manhattan and you walk to work. Then, you got a raise and you take a taxi most days. As a result, GDP would most likely ___.
A. fall
B. be unchanged
C. rise
Ans: C. rise
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The rate of growth of productivity in the United States was positive during the 20th century
Indicate whether the statement is true or false
The immigration rates of the 20th century returned to the high rates of the 19th century
Indicate whether the statement is true or false
Which of the following statements is not true about the economy of the Middle Colonies?
a. It was a net importer of food. b. The farms were generally smaller than those in the South. c. Wheat and flour were exported from this region. d. Its main agricultural products were grains.
More buyer power means
a. Buyers would find it easier to capture the value created b. Buyers would find it more difficult to capture the value created c. Buyers would not be able to capture any value created d. None of the above