Author Question: American economic history actually is a study of (a) stable population growth. (b) how colonial ... (Read 331 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?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

For a complete list of videos, visit our video library