Between 1860 and 1914, the growth rate in industrial production
(a) fell behind the growth in the overall U.S. population.
(b) outpaced the growth rates in the labor force and population.
(c) was less than the growth rate in agricultural production.
(d) fell behind both the growth rate in agricultural production and that of the overall U.S. population.
(b)
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Which of the following constitutes a mixed strategy Nash equilibrium of the Odds and Evens game?
A) Play Even and Odd with 50% probability each. B) Play Even with 75% probability and Odd with 25% probability. C) Always play Even. D) This game has no mixed strategy Nash equilibrium.
Either an increase in the number of buyers or an increase in tastes or preferences for a good or service will increase the market demand for that good or service
a. True b. False Indicate whether the statement is true or false