Author Question: American economic history actually is a study of (a) stable population growth. (b) how colonial ... (Read 443 times)

mwit1967

  • Hero Member
  • *****
  • Posts: 501
American economic history actually is a study of
 
  (a) stable population growth.
  (b) how colonial Americans worked side-by-side with the natives to produce
  stable economic growth and wealth for all individuals.
  (c) how a small, inconsequential economy grew into a giant economy
  through a series of successes and failures.
  (d) how people in other countries created problems for colonial Americans
  of the past as well as U.S. citizens of today.

Question 2

If output per worker in a steady state is 30,000, depreciation is 13, the population growth rate is two percent, and the saving rate is 20, what is the steady state capital-labor ratio?
 
  A) 10,500
  B) 85,714
  C) 22,500
  D) 40,000



duke02

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

(c)

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Everyone has one nostril that is larger than the other.

For a complete list of videos, visit our video library