When land across the mountains became available in the early nineteenth century,
(a) much of New England was simply abandoned by people primarily interested in farming.
(b) live-stock raising, dairying and lumbering kept rural New England from being totally abandoned.
(c) very few New England farmers elected to stay in New England.
(d) Manufacturing quickly replaced New England farming.
(b)
You might also like to view...
To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
In the United States, the government does NOT play much of a role in
A. encouraging technological change. B. managing globalization. C. shaping financial markets. D. inspiring consumer preferences.
Suppose Duracell, an American firm, produces car batteries and sells the batteries for $100 to retailers in the USA, but sells them 20% cheaper to Australia retailers. In this scenario, Duracell is guilty of:
A. dumping in Australia. B. imposing taxes. C. benevolence to Australians. D. fraud.
When analyzing a problem, an economist will attempt to
A. minimize the total cost of an action. B. maximize the net benefit of an action, and this occurs where the marginal benefit equals the marginal cost. C. maximize the total benefit of an action. D. maximize the net benefit of an action, and this occurs where the average benefit equals the average cost.