For the late 19th and the first half of the 20th century, which of the following did NOT occur?

(a) The demand for foreign goods declined relatively as domestic income expanded.
(b) Population soared.
(c) Government intervention in market affairs slowed considerably.
(d) The competitive economy fueled industrialization in the U.S.

(c)

Economics

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The use of money

A. reduces the transaction costs of exchange B. eliminates the double coincidence of wants C. Allows for greater specialization D. All of the above

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Explain the law of diminishing returns

What will be an ideal response?

Economics