The first factories in the US were developed within the __________ industry
a. iron smelting
b. grain milling
c. boot and shoe
d. cotton textile
d. cotton textile
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The gross domestic product of Neonland is 450,000 neons. It has a total population of 1,500. 30% of the total population in Neonland comprises of retired workers, 50% of the population is employed, and the remaining are unemployed children
i) Calculate the income per capita of Neonland. ii) What is the income per worker of Neonland? iii) Is there a difference between the two measures? If yes, explain the reason behind this difference.
Which of the following statements about mutual funds is correct?
a. A mutual fund is a financial intermediary. b. A mutual fund acquires its funds primarily by selling shares to the public. c. People who buy shares from a mutual fund accept all of the risk and return associated with the mutual fund's portfolio. d. All of the above are correct.
An example of a government policy to increase physical capital formation is:
A. the construction of an interstate highway system. B. maintaining a well-functioning legal system. C. government support for basic research. D. the provision of publicly-funded education.
Clothing retailers have faced greater competition in recent years as more firms have entered the clothing market. Some of the competition has come from foreign competitors, but much of it is domestic competition. As a result there is much competition in markets for many types of clothing and
A. individual buyers and sellers cannot affect the market price because it is determined by the market forces of demand and supply. B. there are relatively few buyers and sellers in the market, and one individual firm can determine the market price. C. firms have a great degree of flexibility in pricing their products because these products can be sold at a high profit level. D. there are no other implications.