Between 1800 and 1840, land laws became increasingly ___________ , primarily due to _____________
a. conservative; increases in the price per acre of available land
b. conservative; legal limits on the sale of land to farmers
c. liberal; the extension of long-term credit by the federal government to land buyers
d. liberal; decreases in the minimum acreage required for purchase
d. liberal; decreases in the minimum acreage required for purchase
You might also like to view...
The opportunity cost of producing a bicycle refers to
a. the out-of-pocket payments made to produce the bicycle. b. the value of the goods that were given up to produce the bicycle. c. the bicycle's retail price. d. the marginal cost of the last bicycle produced.
Banks are required to hold reserves against the total value of all their assets
a. True b. False Indicate whether the statement is true or false
If a positive permanent supply shock were to occur, the resulting equilibrium would be a:
A. higher level of output at lower prices. B. lower level of output and prices. C. higher level of output and prices. D. lower level of output at higher prices.
When the consumer price index falls, the typical family
a. has to spend more dollars to maintain the same standard of living. b. can spend fewer dollars to maintain the same standard of living. c. finds that its standard of living is not affected. d. can save less because they do not need to offset the effects of rising prices.