Which of the following statements correctly characterizes farm incomes in the second half of the 19th century?
a. Real per capita income fell.
b. The rate of growth in real income per worker was negative.
c. Nominal per capita income fell, but real per capita income remained unchanged.
d. Growth rates in per capita income were positive, but small.
d. Growth rates in per capita income were positive, but small.
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Which of the following is true?
a. The U.S. has a mandated vacation policy, everyone gets 2 weeks b. There is a trend towards downshifting, opting for a simpler life or at least considering it c. Europeans generally have shorter vacations that North Americans d. The workforce in the U.S. is getting younger
We say a market is "missing" when:
A. there is no place for potential buyers and sellers to exchange a particular good or service. B. the quantity being exchanged is at or close to zero. C. there is an absence of a well-functioning market, and total surplus is lower than it could be. D. All of these are true.