Davis (1963) compares U.S. and British industrialization. What does he note in each country during industrialization?
(a) A rise in the number of giant banks in both countries
(b) A rise in the number of small banks in the U.S. but a rise in the number of giant banks in
Great Britain
(c) A rise in the number of small banks in Great Britain but a rise in the number of giant banks in
the U.S.
(d) A decrease in capital accumulation because of a small number of free banks
(b)
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Which of the following shifts the supply curve for oranges?
A) disastrous weather that destroys about half of this year's orange crop B) a newly discovered increase in the nutritional value of oranges C) an increase in the price of bananas, a substitute in consumption for oranges D) an increase in income for all orange consumers
Using Figure 1.6, if an economy has the capacity to produce represented by PP1, then point E represents
A. An efficient use of resources. B. A change in technology. C. A constant trade-off between cars and SUVs. D. A combination of cars and SUVs that is not attainable.