What was the official policy of the British colonies toward the practice of "squatting," or freely settling and cultivating the land?
(a) Squatting was encouraged as a way to promote settlement of the land.
(b) Colonial officials discouraged squatting because the indigenous populations legally owned land.
(c) There was no policy toward the practice of "squatting"; it was left to the individual settlers.
(d) The official policy opposed squatting because it did not involve a formal transfer of ownership.
(d)
Economics
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When sellers have better information about product quality than do buyers, lower-quality products tend to become more common in the market
a. True b. False
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Which of the following is TRUE for the perfectly competitive firm?
A. Price elasticity of demand is equal to 1. B. AR is more than price. C. AR is less than price. D. Price and MR are always equal.
Economics