Demand-pull inflation is more likely to occur when the economy is producing at maximum capacity

Based on Table 4.1, according to the Stolper-Samuelson Theorem, the income distribution effects of free trade in the United States are likely to favor

A) capital. B) labor. C) either capital or labor, depending on U.S. productivity. D) neither capital nor labor. E) Not enough information to tell.

According to data on Pennsylvania agriculture in the 18th century, increases in productivity were primarily due to:

a. increases in average farm size. b. increases in the amount of labor per farm. c. decreases in the land-labor ratio d. increases in the capital-labor ratio.