In 1850 the United States had a GDP (Gross Domestic Product) that was 1/3 of that of England. What historic event caused the United States to become the world's richest nation?
Group of answer choices
the War of 1812
the invention of the steam engjne
the Civil war
winning the Revolutionary War
Answers: 1
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Which of the following explains why scarcity is a basic fact of life a. demand will always be greater than supply b. technology has not advanced far enough yet c. there will always be too many people on earth d. people cannot make good allocation decisions
Answers: 2
In 1850 the United States had a GDP (Gross Domestic Product) that was 1/3 of that of England. What h...
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