Author Question: The evidence shows that both the U.S. steel and auto industries seem to have lost their vigor for ... (Read 52 times)

AEWBW · **on:** Jun 30, 2018

The evidence shows that both the U.S. steel and auto industries seem to have lost their vigor for growth and competitive edges in the global marketplace.

Indicate whether the statement is true or false

Question 2

In answer to the question How did Britain affect American economic growth? Hughes and Cain (2011) reach what conclusion?

(a) The colonies were launched with English institutions, and they were allowed to modify them
to meet local needs. In exchange for their investment in the colonies, the British expected the American colonies to produce and grow rapidly.
(b) British policies were adverse to the colonies because they interfered with efforts to recruit a labor force and maintain employment at something close to full employment.
(c) British policies prevented the colonies from going through an Industrial Revolution, as was occurring in England.
(d) British policies significantly held down income growth in the colonies because they aimed at increasing the proportion of primary output at the expense of commercial and manufacturing output.