The Land Ordinances of 1785 and 1787 accomplished which of the following?
(a) Established the foundation for future American capitalism by permitting land to pass into private hands
(b) Allowed the practice of primogeniture or inheritance by the oldest son
(c) Permitted land to be treated primarily as a "collective good"
(d) Provided for a lateral expansion of American socialism
(a)
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Consider the figure to the right and assume that it is the market for health-care services. when the "baby boomer" generation retires, the number of people who require health care increases by 30%, and, as a result, the number of health-care providers also increases, but by only 25% What is the effect on the price of health care services over time?
A. it increases because demand increases by more than supply B. it decreases because demand increased by less than supply C. it increases because demand increased by less than supply D. it decreases because demand increased by more than supply
The table above gives data for the nation of Pearl, a small island in the South Pacific. The economy is at full employment when real GDP is
A) $31 billion. B) $34 billion. C) $28 billion. D) $22 billion. E) $25 billion.