Refer to Table 9-11. If the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded, how many clocks will Belize gain compared to the "without trade" numbers?

Fogel and Engerman (1974) find evidence to suggest that young slave children were often sold by profit-maximizing slave owners

Indicate whether the statement is true or false

Which of the following countries benefited significantly from the catch-up effect in the last half of the twentieth century?

a. Ethiopia b. the United States c. Canada d. South Korea