According to the Thomas (1954) analysis, American investment in industrial physical capital was
(a) labor-using in upswings of immigration.
(b) labor-saving in upswings of immigration.
(c) "labor neutral" over the course of immigration.
(d) relentlessly labor-saving no matter what.
(a)
Economics
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Currency is included in
A) M1 only. B) M2 only. C) neither M1 nor M2. D) both M1 and M2.
Economics
Which of the following is a problem associated with gross domestic product (GDP) as a measure of social welfare? a. It includes many nonmarket activities
b. It takes into account the value of only those goods which are widely used. c. It takes into account the cost of environmental damage caused by pollution. d. It includes intermediate goods as a separate entry. e. It excludes the value of leisure time.
Economics