Asked by
Logan Nagorski
on Oct 12, 2024
Verified
Which statement is true?
A) The United States has the highest standard of living in the world.
B) Within the next two decades,the United States will no longer have the largest economy in the world.
C) The information phase of the Industrial Revolution took off in the 1990s.
D) The American economy has been going downhill since the mid-1990s.
Information Phase
A stage in a process where data is collected, analyzed, and used to make decisions or resolve uncertainties.
Industrial Revolution
A period of significant industrial, technological, and social change starting in the late 18th century that profoundly transformed economies, societies, and cultures around the world.
- Comprehend the trends of economic expansion over history and their distribution across different regions.
- Pinpoint critical breakthroughs and consequences of the Industrial Revolution on global economic growth.
Verified Answer
VC
Learning Objectives
- Comprehend the trends of economic expansion over history and their distribution across different regions.
- Pinpoint critical breakthroughs and consequences of the Industrial Revolution on global economic growth.