What would best characterize the relationship between corn prices, wheat prices and the public sale of western land (OH, IL, IN, MI, IA, WI, MO) between 1815-1860?
a. All three were very positively correlated.
b. Land sales increased first, which drew people to move and produce more crops, which increased the crop prices.
c. As land sales increased, corn prices increased and wheat prices decreased as farmers substituted from wheat to corn.
d. Land sales were negatively related to both the wheat and corn prices.
a. All three were very positively correlated.
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Why is it difficult for one country to determine if another country is guilty of the practice of dumping?
What will be an ideal response?
An increase in capital will increase real GDP per person
a. more in a poor country than a rich country. The increase in real GDP per person will be larger if the addition to capital is from domestic rather than foreign investment. b. more in a poor country than a rich country. The increase in real GDP per person will be the same whether the addition to capital is from domestic or foreign investment. c. less in a poor country than a rich country. The increase in real GDP per person will be larger if the addition to capital is from domestic rather than foreign investment. d. less in a poor country than a rich country. The increase in real GDP per person will be the same whether the addition to capital is from domestic or foreign investment.