In the late nineteenth century, technological improvements and cheaper transportation in the United States led to
a. a decrease in minimum efficient scale in many industries
b. an increase in minimum efficient scale in many industries
c. an overall reduction in productive efficiency
d. a narrowing of markets
e. price increases in many industries
B
Economics
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The measurement of income distribution that splits income earned among the various factors of production (inputs) is called the
A. family distribution of income. B. personal distribution of income. C. functional distribution of income.
Economics
Based on the information in the table, what is the unemployment rate? Population 16 and older1,000,000Participation Rate80%Employed Workers720,000
A. 7.2 percent B. 28.0 percent C. 8.0 percent D. 10.0 percent
Economics