For a perfectly competitive firm, the short-run break-even point occurs at the level of output where

Which of the following statements is true of world GDP before 1800?

A) The entire world population was living above the subsistence level of income. B) The GDP per capita in all nations was less than $500. C) Most of the countries were growing at a rate of more than 6% per year. D) Increase in GDP resulted in increase in consumption but not investment.

Field (2003) claims that the period from 1929 to 1941 was the strongest period of what in U.S. history?

(a) Technological advancements (b) Monetary policy (c) Government action (d) Internationalization