Economic historians identify which invention as a major factor that started the Industrial Revolution in Britain?
A. Steam engine
B. Automobile
C. Telephone
D. Electric motor
A. Steam engine
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As an individual, you cannot participate in the financial markets to issue new stock or sell new bonds because
A) it is too costly for individual savers to research your credit worthiness. B) you have a bad reputation. C) your good reputation is insufficient to convince savers. D) your bank has foreclosed on your automobile loan.
Acquiring information on a bank's activities in order to determine a bank's risk is difficult for depositors and is another argument for government
A) regulation. B) ownership. C) recall. D) forbearance.
The reason Bitcoin's growth rate is very similar to Milton Friedman's k-percent rule is because:
a. Bitcoin has no control over the virtual currency's growth rate. Rather, its growth depends on how quickly individuals and merchants use and accept the currency. b. It is not tied to any nation's business cycle. c. Bitcoins are programmed to increase at the same rate as the world's real GDP. d. All of these statements are true.
The price of an airline ticket from Denver to Washington, D.C. costs $600. A bus ticket costs $150. Traveling by plane takes 6 hours compared with 51 hours by bus. Other things constant, an individual would gain by choosing air travel if, and only if, his time were valued at more than
What will be an ideal response?