The invention of the steam engine ushered in the following developments, except:
A) Mass-production in industrial factories, for the first time
B) Much easier and cheaper transportation of resources and products
C) A sharp reduction in trade as many societies specialized
D) Major population shifts, from farms to towns and cities
Correct Answer:
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Q1: Before the Industrial Revolution, living standards in
Q3: Economic growth in the U.S. since 1950
Q4: Efficient financial institutions foster the flow of:
A)
Q5: Patents and copyrights foster the flow of:
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Q6: Growth-promoting institutional structures include the following, except:
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Q7: Which of the following is a measure
Q8: The following factors tend to make the
Q9: A nation's average annual real GDP growth
Q10: Economic historians identify which invention as a
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