Which of the following statements provides the most accurate description of the employment growth rate in various sectors of the economy between 1860-1910?
a. All major sectors grew with the exception of agriculture and construction.
b. All major sectors grew, and agriculture grew the most.
c. The manufacturing sector grew the most, followed by railroads, but agricultural employment decreased.
d. All major sectors grew, and railroads grew the most.
d. All major sectors grew, and railroads grew the most.
Economics
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Apples are a normal good, so if the price of an apple increases from 50¢ to 60¢, the quantity of apples demanded decrease because of
A) the substitution effect only. B) the income effect only. C) a change in income. D) the substitution and income effects.
Economics
The key to sustained economic growth is increasing labor productivity
Indicate whether the statement is true or false
Economics