Capital deepening shifts the output (or production function) curve upward to the right

The economic principle of _________________ implies that the value of the subject property is determined by the price that market participants would pay to acquire a substitute property of similar utility and desirability,

Fill in the blank(s) with the appropriate word(s).

By 1850, the predominant port in the U.S. was

a. Charleston. b. New Orleans. c. Savannah. d. New York.