Asked by
Drake Taylor
on Oct 14, 2024
Verified
Comparing the United States economy in 1900 with our economy today,all of the following are still present EXCEPT
A) large agricultural surpluses.
B) an abundance of entrepreneurial ability.
C) "cutting edge" technological progress.
D) a positive balance of trade with the rest of the worlD.
Economy
An economy encompasses all activities related to production, consumption, and trade of goods and services in an area or country.
Balance of Trade
The variation in worth between what a country buys from and sells to other countries during a specific time frame.
- Familiarize oneself with the trajectory of economic development in the United States from the 20th century to the present, concentrating on technological progress and changes in trading patterns.
Verified Answer
JR
Learning Objectives
- Familiarize oneself with the trajectory of economic development in the United States from the 20th century to the present, concentrating on technological progress and changes in trading patterns.