1. According to Douglass North, the Industrial Revolution occurred in England be
ID: 1207431 • Letter: 1
Question
1. According to Douglass North, the Industrial Revolution occurred in England because C the British Parliament took control of the government and could credibly commit to upholding property rights. C the British monarchy took control of the government and pledged not to raise taxes arbitrarily. C the British courts became tied to the king and began to refuse to enforce property rights. C the British Parliament instituted a command economy structure and implemented a planned cconomy Question 44 Sarah is a full-time student who is not looking for work. What kind of unemployment is Sarah experiencing? C cyclical 1. structural frictional Sarah is not experiencing unemployment of any kind, because she is not currently part of the labor C C force. 1.5 points Question 45 If inflation in the United States is lower than inflation in other countries, what will be the effect on net exports for the United States? 1. Net exports will rise as U.S. exports increase. Net exports will rise as U.S. imports increase. C Net exports will decrease as U.S. exports decrease C Net exports will decrease as U.S. imports decrease. 1.5 points Question 46 1. The aggregate expenditure model focuses on the relationship betweern between and in the n the - short run, assumingis constant. C total production; total income; real GDP C total spending; real GDP, total income C total spending; real GDP; the price level C total income; real GDP, the price level 1.5 points Question 47 If real GDP per capita measured in 2009 dollars was $6,000 in 1950 and $48,000 in 2013, we would say that in the year 2013, the average American could buy average American in 1950. 1. times as many goods and services as the C 18Explanation / Answer
55. C Rate of technological chage is caused by economic incentives
54 More Physical capital
53 Structural unemployment
47 8
46 total spending , the real GDP ,price level
45 Net exports raise as U.S exports increase
44 Sarah is not experiencing
1. British parliament took control of the british government and commit to upholding property rights.
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