According to Thomas (1954), increased immigration provided incentive to invest in capital that was
(a) labor-using, resulting in capital widening.
(b) labor-using, resulting in capital deepening.
(c) labor-saving, resulting in capital widening.
(d) labor-saving, resulting in capital widening.
Question 2
The New Deal in U.S. history is that period during the Great Depression in which American capitalism is redefined and the role of the federal government in the economy fundamentally changes forever.
Indicate whether the statement is true or false
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Natural Capital versus GDP per Capita