The Homestead Act was passed in 1862 . However, only about 20 percent of newly-added farm land between 1870 and 1900 belonged to homesteads because
a. Americans were more interested in moving to cities than to homesteads.
b. the available land was best suited for grazing livestock, but 160-acre plots were too small to do so profitably.
c. a treaty between the U.S. government and Native Americans prevented homesteaders from acquiring most of the land.
d. homestead filing fees were gradually increased during this time period.
b. the available land was best suited for grazing livestock, but 160-acre plots were too small to do so profitably.
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Assume that the government increases spending and finances the expenditures by borrowing in the domestic capital markets. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and the nominal value of the domestic currency in the context of the Three-Sector-Model?
a. Real GDP rises, and nominal value of the domestic currency rises. b. Real GDP rises, and nominal value of the domestic currency falls. c. Real GDP rises, and nominal value of the domestic currency remains the same. d. Real GDP falls, and nominal value of the domestic currency rises. e. There is not enough information to determine what happens to these two macroeconomic variables.
A subsidy for pollution not produced can induce producers to pollute at the efficient level.
A. True B. False C. Uncertain
The Customer List contains information about:
a. The quantity of non-inventory parts on hand b. The credit rating of the vendors c. Vendors from whom the company buys products and services d. Customer addresses, contacts and phone numbers
The quantity theory of money is a theory asserting that the quantity of money available determines the price level and the growth rate in the quantity of money determines the inflation rate.
Answer the following statement true (T) or false (F)