Which of the following is true of the Industrial Revolution?
a. It led to a widening of income inequality between nations
b. It led to an increase in the foreign reserves of all nations.
c. It led to a twofold increase in the per-capita GDP of all nations.
d. It helped artisans produce the highest-quality products.
a
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Refer to Table 29-2. Given the following exchange rates in the above table, what are the exchange rates stated as U.S. dollars per Mexican peso and U.S. dollars per British pound respectively?
A) 0.10 dollars per peso and 2.00 dollars per pound B) 0.10 dollars per peso and 5.00 dollars per pound C) 1.00 dollars per peso and 20.00 dollars per pound D) 0.01 dollars per peso and 0.50 dollars per pound E) 0.01 dollars per peso and 0.20 dollars per pound
The Romer model suggests that there is a trade-off between ________
A) the use of resources in research and development and the productiveness of R&D B) the rate of saving and the long-run growth of output C) per capita output in the short-run and long-run D) the size of the total population and the saving rate