Each of the following was an effect of cheap or free land during the 19th century except
A. a high birth rate.
B. a high rate of immigration.
C. a rapid rate of technological development.
D. a high rate of migration from the farms to the cities.
D. a high rate of migration from the farms to the cities.
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During the last year, foreign investment in a country was $500 billion and the country's investment abroad was $600 billion. Which of the following statements is true?
A) The country has a current account deficit of $1,100 billion. B) The country has net borrowing of $100 billion. C) The country has a current account deficit of $100 billion. D) The country has a capital and financial account deficit of $1,100 billion. E) The country has net lending of $100 billion.
Financial intermediaries that are collected pools of funds from many investors are called: a. mutual funds. b. banks
c. credit unions. d. stockbrokers.