Which of the following statements accurately characterizes the Homestead Act of 1862?
a. Southerner plantation owners were strongly opposed to the passage of this legislation.
b. This legislation outlined the legal means by which a territory could become a state.
c. Only farmers with families could purchase land made available by this legislation.
d. This legislation made available some of the most fertile farming land in the U.S., yielding great benefits for small farmers.
a. Southerner plantation owners were strongly opposed to the passage of this legislation.
You might also like to view...
The observation that goods and services flow in one direction and money payments flow in another direction is the principle behind
A) a barter economy. B) the circular flow of income. C) a pure command economy. D) the double coincidence of wants.
Refer to the above figure. Suppose the economy is at E originally, when the dollar increases in value. Which aggregate supply curve applies if the value of real GDP increases?
A) 1 B) 2 C) 4 D) 5
Rising health care spending is a problem confronting the federal government because
A) it is the government's job to make sure everyone receives the health care they need. B) federal spending on health care has increased rapidly over the last thirty years. C) the federal-funded VA hospitals have been expanding faster than government revenues can provide for. D) the medical expenses of federal employees has been rising at a rate much faster than for non-federal workers.
Which of the following is true? a. As long as human wants exceed available resources, scarcity will exist
b. Scarcity ultimately leads to competition for the available goods and services. c. Scarcity affects everyone to the same degree. d. Both a. and b. are true.