What two basic ideas led to American preeminence in nineteenth-century manufacturing?
a. interchangeable parts and the right of incorporation
b. continuous-process manufacturing, and the breast water wheel
c. water frame spinning machines and the use of interchangeable parts
d. interchangeable parts and continuous-process manufacturing
d. interchangeable parts and continuous-process manufacturing
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In the absence of trade, a nation is in equilibrium where an indifference curve:
a. lies above its production possibilities frontier. b. is tangent to its production possibilities frontier. c. intersects its production possibilities frontier. d. lies below its production possibilities frontier
According to dynamic tax analysis, will continuing to push up the tax lead to steady increases in tax revenues? Why?
What will be an ideal response?