Use the information below to answer the following questions.
Fact 6.2.1
China was the largest economy for centuries because everyone had the same type of economy-subsistence-and so the country the most people would be economically biggest.Then the Industrial Revolution sent the West on a more prosperous path.No world is returning to a common economy, this time technology- and information- based, so once again population triumphs.
-Consider Fact 6.2.1.Following the Industrial Revolution, the United States surpassed China to become the world's largest economy because
A) the U.S.population growth rate was much lower than China's population growth rate.
B) China began to import a significant portion of life- sustaining goods and services.
C) the benefits of the Industrial Revolution were greater in the United States than in China.
D) the U.S.population exceeded China's population.
E) the United States was a strong, united country following the Civil War and reconstruction.
Correct Answer:
Verified
Q17: If the current growth rate of real
Q18: Choose the statement that is incorrect.
A)The standard
Q19: The Rule of 70 is used to
A)calculate
Q20: In 2016, Northland had real GDP of
Q21: According to the law of diminishing returns,
Q23: When the quantity of labour demanded exceeds
Q24: If the money wage rate is $15.00
Q25: If the money wage rate is $10.00
Q26: Convergence between real GDP per person in
Q27: Use the information below to answer the
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