Quantitative evidence on federal land policy has led current economic historians to conclude that
a. the policy was inefficient and reduced total output.
b. the policy was largely inefficient, with evidence of increased output only found on large farms.
c. the Homestead Act allowed western farmers to enjoy rising agricultural prices for most of the post-bellum period.
d. average rates of return on western agricultural investments were comparable to those in manufacturing.
d. average rates of return on western agricultural investments were comparable to those in manufacturing.
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Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher
Beginning in late 2010, the FDIC sought to increase the public's confidence in depository institutions by
A) eliminating insurance premiums for bank deposits. B) changing the scope of insurance to banks' assets. C) lowering insurance premiums for bank deposits. D) assessing insurance premiums on banks' total liabilities.
Explain why the variance of an investment is a useful measure of the risk associated with it
What will be an ideal response?
When fiscal policy makers wish to reduce aggregate demand, they could enact:
A. contractionary fiscal policy. B. expansionary fiscal policy. C. contractionary monetary policy. D. expansionary monetary policy.