Which of the following accurately describes growth rates in the United States from 1900 to the present?
A) Growth rates have risen continuously from 1900 to the present.
B) Growth rates rose until the 1970s, slowed until the 1990s, rose again until 2005, and then slowed again to the present.
C) Growth rates rose until the 1970s and then fell until the present.
D) Growth rates have fallen continuously from 1900 to the present.
B
You might also like to view...
Laws and courts tend to make markets work ________ and make society ________
A) less effectively; poorer B) less effectively; richer C) more effectively; poorer D) more effectively; richer
Which of the following characterizes a perfectly competitive market?
A) The market demand curve is vertical. B) The demand for each individual firm's product is perfectly elastic. C) Each firm sets a different price. D) Each firm produces a product slightly different from that of its competitors.