The Land Ordinances of 1785 and 1787 established property rights in land that provided for all of the following except
(a) Perpetual ownership, if desired
(b) Direct inheritance
(c) Complete freedom to sell as desired
(d) Required inheritance through the principle of primogeniture
(d)
Economics
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A firm can choose a quantity of output, and the price is then determined by
A. the government. B. the supply schedule. C. consumers’ demand. D. the average cost.
Economics
Prices set too low can actually be against the public interest.
Answer the following statement true (T) or false (F)
Economics
The velocity of money is equal to
A. P / M × Y. B. P × Y / M. C. Y × P × M. D. P × M / Y.
Economics
Within the range of exchange rates that permits specialization and trade to take place, the exchange rate will determine which country gains the most from trade.
Answer the following statement true (T) or false (F)
Economics