Post-Revolutionary trade data show that after 1790:
a. U.S. trade with non-British areas of the Caribbean increased.
b. the export of food to the West Indies increased.
c. trade in the southern U.S. did not keep pace with population growth.
d. the U.S. exported tobacco to France and the Netherlands.
e. All of the above.
e. All of the above.
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Which of the following must be true if average total cost is rising?
a. Average fixed cost must be rising. b. Total fixed cost must be rising. c. Average variable cost must be falling. d. Marginal cost must be greater than average total cost.
In general, countries with lower rates of growth of labor productivity have
a. lower levels of productivity. b. higher levels of productivity. c. lower levels of educational attainment. d. higher levels of natural resource endowments.