Three factors by america palce at world economy leading edge, Microeconomics

Assignment Help:

3 factors by america palce at world economy leading edge

3 factors have taken pride of place in explanations of America's place at the world economy's leading edge in its level of technology during the 20th century:

  • First the U.S. had an exceptional commitment to education: to schooling everyone (everyone who was white; and boys more than girls) even in largely-rural economy of the 19th century and to making the achievement of a high-school diploma rule rather than exception in the cities of early 20th.
  • Second, U.S. was of extraordinarily large size--the largest market in world. So the U.S. could take benefit of potential economies of scale in ways that other smaller economies couldn't match.
  • Third, U.S. was extraordinarily rich in natural resources specifically energy. To the extent that energy and natural-resource intensive industries were at the heart of early 20th century industrial growth, U.S. was again well-positioned.

 


Related Discussions:- Three factors by america palce at world economy leading edge

Tax abolition, In the case of a tax abolition on food staples, what are the...

In the case of a tax abolition on food staples, what are the short run and long run effects?

Time value of money, My current car gets 10 miles to the gallon and no resa...

My current car gets 10 miles to the gallon and no resale value, but it will last 5 years for sure. I can always buy a new car for 8000 dollars that gets 20 miles to the gallon. A g

Gift giving etiquette, Manners of reaching to someone's place with a presen...

Manners of reaching to someone's place with a present of anything like flowers, chocolates, etc. In U.S., it's not feel good to give flowers to women by men. If a man giving some g

Elasticity of demand, elasticity of demand for demand function Q=10-2p for ...

elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2

Monopsony, advantages and disadvantages

advantages and disadvantages

Rationale for the intervention of government, 1. Describe why government re...

1. Describe why government regulation is required, citing the major reasons for government involvement in a market economy. 2. Justify the rationale for the intervention of gove

Bains model of limit pricing., explain diagrammatically the bains model of ...

explain diagrammatically the bains model of limit pricing.

What are price ceilings and price floors, 1. Explain what are price ceiling...

1. Explain what are price ceilings and price floors and how they effect the market for a good or service. Also show through graphs, if they cause any inefficiencies in a perfectly

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd