Before the late 1700's, living standards in the richest part of the world were


A.
About five times higher than living standards in the poorest parts of the world

B.
At most only two to three times higher than living standards in the poorest parts of the world

C.
About 50 times higher than living standards in the poorest parts of the world

D.
About the same as living standards in the poorest parts of the world

B.
At most only two to three times higher than living standards in the poorest parts of the world

Economics

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A _____ is when no one outcome can defeat all others by majority rule

a. cyclical majority b. single-peaked preference c. political business cycle d. political institution

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The Great Depression lead many to question the economy’s ability to self-correct.

Answer the following statement true (T) or false (F)

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