The Land Ordinances of 1785 and 1787 accomplished which of the following?
(a) Established the foundation for future American capitalism by permitting land to pass into private hands
(b) Allowed the practice of primogeniture or inheritance by the oldest son
(c) Permitted land to be treated primarily as a "collective good"
(d) Provided for a lateral expansion of American socialism
(a)
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If a nation during its entire history has borrowed more from the rest of the world than it has lent to the rest of the world, the country is a
A) net borrower. B) debtor nation. C) net lender. D) creditor nation.
Consider the following economic agents:
a. the government b. consumers c. producers Who, in a modern mixed economy, decides what goods and services will be produced with the scarce resources available in that economy? A) producers B) consumers C) the government, consumers, and producers D) the government E) consumers and producers
What are policy lags? Explain the three policy lags faced by the Fed when implementing monetary policy
What will be an ideal response?
Relative to a perfectly competitive market for an exhaustible resource, the monopolist charges a ________ price and uses the resource more ________
A) lower, slowly B) lower, quickly C) higher, slowly D) higher, quickly