Before the Industrial Revolution, living standards in the world:
A. Were relatively stagnant for long periods of time
B. Were already rising significantly for many decades
C. Are not known, for lack of reliable records from that period
D. Were declining because of rapid increases in population
A. Were relatively stagnant for long periods of time
Economics
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Suppose a decrease in price increases quantity demanded from 8 to 12. Using the mid-point formula, the percentage change in quantity demanded is:
A. 0.1, and is elastic. B. 40 = 400 percent. C. 0.40 = 40 percent. D. 0.40 = 40 percent.
Economics
The last year we did not have a deficit in our current account was
A. 1960. B. 1973. C. 1986. D. 1991.
Economics