Which of the following statements accurately characterizes the Homestead Act of 1862?
a. Southerner plantation owners were strongly opposed to the passage of this legislation.
b. This legislation outlined the legal means by which a territory could become a state.
c. Only farmers with families could purchase land made available by this legislation.
d. This legislation made available some of the most fertile farming land in the U.S., yielding great benefits for small farmers.
a. Southerner plantation owners were strongly opposed to the passage of this legislation.
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A gift from the British prime minister to the American president would be classified as a _____ in the balance of payments account
a. capital transfer b. capital receipt c. universal receipt d. unilateral transfer e. foreign aid
The Farm Factory, a booth at the local Farmer's Market, sells fresh eggs for $1.50 per dozen and fresh milk for $2.50 per gallon. What is the opportunity cost of buying a gallon of milk?
A) 1 2/3 dozen eggs B) 3/5 of a dozen eggs C) $2.50 D) $1.50