According to Brinley Thomas, the inflows of immigrants to the U.S. in the late-19th and early 20th centuries
a. caused simultaneous growth surges in the U.S. and Europe.
b. caused growth surges in the U.S. to coincide with slowed growth in Europe.
c. hampered the growth of both the U.S. and Europe.
d. had no systematic impact on growth patterns in the U.S. or Europe.
b. caused growth surges in the U.S. to coincide with slowed growth in Europe.
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How are goods and services produced in the global economy?
A. Developing countries use less human capital but just as much physical capital as advanced economies. B. Emerging economies use more capital-intensive technology than do developing economies. C. Human capital in all economies is similar. D. Advanced economies use less capital than developing economies.
A productivity-enhancing innovation has the effect of
A. shifting a demand curve to the right. B. shifting a supply curve to the right. C. shifting a demand curve to the left. D. shifting a supply curve to the left.