In the early 1900s, the Homestead Act
a. was modified to allow settlers to obtain larger, more practical-sized farms.
b. was repealed by Congress.
c. was amended to reduce the size of a homestead from 160 acres to 80 acres.
d. was amended to increase the residency requirement to 10 years.
a. was modified to allow settlers to obtain larger, more practical-sized farms.
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Explain the difference between a change in quantity supplied and a change in supply
What will be an ideal response?
Survey evidence from forex traders indicates support for the economic fundamental's impact on exchange rates:
a. in the short run. b. in the moderate run. c. only in the long run. d. not at all.
A situation in which the price charged is less than society's opportunity cost would lead to
A) too little being produced. B) too much being produced. C) an efficient amount being produced. D) marginal cost pricing.
Economists generally do not agree to limit the private and voluntary actions of people, but, in the case of gambling, economists will admit that gambling
A. teaches people about statistics. B. is immoral, so it must be prohibited. C. is fun. D. has external costs, so regulation could be justified for that reason.