1. As productivity in manufacturing falls, the wages paid in agriculture ___.

Group of answer choices

remains unchange

fall

rise

2. Consider the Solow model. If the level of per capital income is above the steady-state level, then the capital-labor ratio will ___.

Group of answer choices

fall

remain unchanged

rise

3. "Forced labor was used in colonial New England."

Group of answer choices

True

False

4. Which of the following increases per capita income? Select all that apply.

Group of answer choices

Greater capital stock

None of these!

Greater TFP

Greater population

5. "Historically, American populism tended to support tight monetary policy."

Group of answer choices

True

False

6. Which of the following was a goal of 19^th century U.S. tariff policy? Select all that apply.

Group of answer choices

Reduce retail prices for consumers

Provide a source of government revenue

None of these!

Encourage the development of domestic industry

7. The Jeffersonian embargo caused the U.S. shipping industry to ___.

Group of answer choices

expand

contract

8. "Repealing tariffs would make some in the domestic economy worse off."

Group of answer choices

True

False

9. Which of the following would most likely increase total surplus in society? Select all that apply.

Group of answer choices

Lower taxes

TFP advance

Cheaper transportation

None of these!

More social transfer payments

Lower tariffs