Which of the following contributed to the increase in steamboat productivity?
(a) Improvements in ship design
(b) Better docking stations
(c) Increased competition by railroads
(d) All of the above
(d)
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Although it may be difficult to draw causal relationships, still statistical evidence shows that, over time,
a. there is no relationship between levels of saving and economic growth b. there is an inverse relationship between levels of saving and economic growth c. higher levels of saving are associated with lower levels of economic growth d. lower levels of saving are associated with lower levels of economic growth e. lower levels of saving are associated with higher levels of economic growth
Consumer surplus is what one consumer is willing to pay for a commodity over what another consumer is willing to pay for the same commodity
a. True b. False Indicate whether the statement is true or false