Which of the following statements is true?
A) Countries with lower investment in research and development (R&D) are likely to have higher standards of living.
B) The Industrial Revolution started in the United States and spread to other parts of the world.
C) The Industrial Revolution started in South America and spread to other parts of the world.
D) Countries with a higher investment in research and development (R&D) are likely to have higher standards of living.
D
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An increase in the money supply would cause the FE line to
A) shift to the right. B) shift to the left. C) remain unchanged. D) remain unchanged if Ricardian equivalence holds; otherwise, shift to the right.
________: the sum of all individual categories of production costs that do vary with the level of production
Fill in the blank(s) with correct word