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Author Question: According to Fred Bateman and Thomas Weiss, in terms of industrial capacity in 1860, value added in ... (Read 55 times)

Tirant22

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on: Jun 30, 2018
According to Fred Bateman and Thomas Weiss, in terms of industrial capacity in 1860, value added in manufacturing was close to _____ in the North, and _____ in the South.
 a. 500 million; 500 million
  b. 750 million; 500 million
  c. 1 billion; 400 million
  d. 1.6 billion; 193 million

Question 2

Suppose that wages are higher in one geographic region (Region 1) of a country than in another geographic region (Region 2). Given free migration of workers,
 a. wages in the two regions will become even more divergent.
  b. wages in Region 1 will rise.
  c. wages in Region 2 will rise.
  d. employment in Region 2 will rise.


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helenmarkerine

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d. 1.6 billion; 193 million

Answer to Question 2

c. wages in Region 2 will rise.


Tirant22

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

jordangronback

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Reply 3 on: Yesterday
Gracias!

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