The 19th century frontier, as technically defined in census reports, was any area
a. west of the Appalachian Mountains.
b. containing more than two and less than six people per square mile.
c. without a sheriff and recognized local government.
d. that had not been surveyed according to provisions of the Land Ordinance of 1785.
b. containing more than two and less than six people per square mile.
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The Law of Demand is the reason behind:
A) the price elasticity of demand having a positive value. B) the income elasticity of demand having a positive value. C) the price elasticity of demand having a negative value. D) the income elasticity of demand having a negative value.
The major source of surplus value is:
a. Capitalist philanthropy b. Labor c. Spontaneous order d. Monopoly e. Above Subsistence wages
A country has a growth rate of 3%. Government spending is 60 billion units of currency and its tax revenues are 32 billion units of currency. The current national debt is 400 billion units of currency. At which inflation rate is its debt-to-income ratio unchanged?
a. 2% b. 3% c. 4% d. 5%
When workers purchase more leisure and work less at higher wages, the supply curve is
A. vertical. B. horizontal. C. positively sloped. D. backward bending.