What best describes the changes in steel production from 1860-1910?
a. The open-hearth process quickly became the dominant production process after it was invented.
b. Technological change in steel production changed relatively slowly.
c. No technological changes occurred in the steel industry.
d. The production of steel stayed constant through this period, but it became much more efficient.
b. Technological change in steel production changed relatively slowly.
Economics
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Which of the following helps in reducing the problem of adverse selection in health insurance markets?
A) Insurance mandates B) High premiums C) High rates of taxation D) Insurance coverage
Economics
Explain how firms choose the amount of capital goods to purchase and the amount of labor to hire
What will be an ideal response?
Economics