Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Between 1950 and1973, France,Germany, and Japan all experienced growth rates that were at least two percentage points higher than those in the United States. Yet

Between 1950 and1973, France,Germany, and Japan all experienced growth rates that were at least two percentage points higher than those in the United States. Yet the most important technological advances of that period were made in the United States.

This can best be explained because the other countries__________.

A.had a lower standard of living.

B.imported the technology advancements from the United States.

C.exported more output than they imported.

D.none of the above.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mostly Harmless Econometrics An Empiricist's Companion

Authors: Joshua Angrist

1st Edition

1400829828, 9781400829828

More Books

Students also viewed these Economics questions

Question

=+How can you personalize the language?

Answered: 1 week ago

Question

=+Can your message work in another locale?

Answered: 1 week ago

Question

=+Can you create an idea that spins out?

Answered: 1 week ago