Seigniorage is defined as the difference between the exchange value of a money and its cost of production

In a world of perfect certainty, sharecropping would be less efficient than a farm owner working his own farm because

(a) sharecroppers receive only half of their marginal product. (b) paying a worker a wage gives him or her an incentive to shirk. (c) sharecroppers are exploited by landlords. (d) renting farmland concentrates risk on the renters. (e) all of the above.

The Desert Land Act (1877) and the Cary Act (1894) liberalized the terms for preemption that had been set originally in the 1862 Homestead Act

Indicate whether the statement is true or false