Before 1815, Hughes and Cain (2011) claim, westward movement was blocked by
(a) disputed claims to western lands.
(b) lack of government land sale surveys and offices.
(c) hostile Indian tribes.
(d) all of the above.
(d)
You might also like to view...
Refer to above figure. What is the amount of government revenue resulting from imposition of the tariff?
What will be an ideal response?
The rational expectations hypothesis implies that when macroeconomic policy changes
A) the economy will become highly unstable. B) the way expectations are formed will change. C) people will be slow to catch on to the change. D) people will make systematic mistakes.
_______ is the percentage change in the quantity of good A that is demanded as a result of a percentage change in the price of good B.
a. Elasticity of savings b. Cross-price elasticity of demand c. Income elasticity of demand d. Wage elasticity of labor supply
Demand shows
a. the various quantities people are willing and able to buy at various prices, ceteris paribus. b. the various quantities people are able and willing to buy at various prices. c. the various prices people face when buying. d. how much people buy at one specific price.