In Brinley Thomas’ (1954) theory of the Atlantic Economy, (a) cotton

In Brinley Thomas’ (1954) theory of the Atlantic Economy,

(a) cotton exports to Europe drove the growth of the U.S. economy.
(b) people and capital moved to the U.S. when U.S. economic growth was strong.
(c) the peaks of the U.S. business cycle were closely aligned with that of European peaks.
(d) all of the above are true.

ANSWER

(b)