Between 1950 and today there was a
a. 20 percent drop in the number of farmers, but farm output increased by more than ten times.
b. 30 percent drop in the number of farmers, but farm output more than tripled.
c. 40 percent drop in the number of farmers, but farm output more than doubled.
d. 70 percent drop in the number of farmers, but farm output increased by about five times.
d
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In the balance of payments accounts, changes in U.S. official reserves are recorded in the
A) international currency account. B) current account. C) international reserves account. D) official settlements account. E) capital and financial account.
Knowledge, skills, and experience that make an individual more productive and able to earn a higher income are known as:
A) mental capital. B) human capital. C) sweat equity. D) intangible capital.