Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Industrial Revolution in Europe and North America led to rapid economic growth and improvement in the standard of living because it_ Select one


image

The Industrial Revolution in Europe and North America led to rapid economic growth and improvement in the standard of living because it_ Select one answer to finish the sentence. O increased the population of these countries. removed the effect of the law of diminishing returns. increased education opportunities for people living in rural areas. O increased the rate of consumption in these countries. brought about technological changes which increased labour and capital productivity. The Industrial Revolution in Europe and North America led to rapid economic growth and improvement in the standard of living because it_ Select one answer to finish the sentence. O increased the population of these countries. removed the effect of the law of diminishing returns. increased education opportunities for people living in rural areas. O increased the rate of consumption in these countries. brought about technological changes which increased labour and capital productivity.

Step by Step Solution

3.33 Rating (147 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below bro... 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

International Financial Management

Authors: Cheol S. Eun, Bruce G.Resnick

6th Edition

71316973, 978-0071316972, 78034655, 978-0078034657

More Books

Students also viewed these Economics questions

Question

What is the conservatism principle?

Answered: 1 week ago

Question

What is the intuition behind the NPV capital budgeting framework?

Answered: 1 week ago