Under the Graduation Act (1854), land prices for the public domain
a. were subject to a schedule that reflected reduced prices for land that remained unsettled over time.
b. were subject to a schedule that reflected reduced prices for native-born Americans and higher prices for immigrants.
c. were increased to $1.25 per acre in cash.
d. were increased to reflect inflation.
a. were subject to a schedule that reflected reduced prices for land that remained unsettled over time.
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If protective import-restricting quota are imposed by a country, in the majority of cases that nation's consumers end up
A) paying a lower price for the good than they otherwise would. B) consuming more of the good than they otherwise would. C) having more consumption choices than they otherwise would. D) consuming less of the good than they otherwise would.
PSD areas
a. were defined recently by an Executive Order issued by President Obama b. are those areas defined as ‘polluting source designated’ c. face more lenient emissions standards than nonattainment regions d. are no longer recognized in U.S. policy e. none of the above
Which of the following practices are, at least in part, attempts to reduce moral hazard problems?
a. Parking ramps require customers to take a ticket with the time stamped on it from a machine in order to gain entrance. b. Factory workers are paid by the hour. c. A restaurant owner works long hours in order to make more profit. d. None of the above are correct.
The invisible hand is closely related to each of the following, except
A. supply and demand. B. the price mechanism. C. competition. D. fairness or equity.