In the 1800s, early agricultural activity in the U.S. used the technology of the time which was based on
(a) handwork and animal power.
(b) waterpower and the steam engine.
(c) the internal combustion engine and electric motor.
(d) large-scale enterprises using water driven machinery.
(a)
Economics
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Most total product curves have
A) first increasing and then decreasing marginal returns to labor. B) output first increasing and then decreasing as labor is added. C) first decreasing and then increasing marginal returns to labor. D) output increasing at an increasing rate as labor is added.
Economics
If you were told that the exchange rate was 1.2 U.S. dollars for one Canadian dollar,that would mean that Canadians would have to spend ____ to buy a $12 watch in New York City
A. 18 Canadian dollars B. 10 Canadian dollars C. 12 Canadian dollars D. 14.4 Canadian dollars
Economics