The Proclamation of 1763 and the Quebec Act of 1774 benefited existing farmers with large land holdings because these laws led to
a. decreased farming competition.
b. falling land prices.
c. lower taxes on farm land.
d. increased supplies of western farm land.
e. All of the above.
a. decreased farming competition.
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The table above gives the demand for loanable funds and private supply of loanable funds schedules
a. What is the equilibrium real interest rate and quantity of loanable funds? b. Suppose that the government has a budget surplus of $2.5 billion. If there is no Ricardo-Barro effect, what is the equilibrium real interest rate and quantity of loanable funds?
All of the following describe trends in U.S. labor markets except:
A. substantial growth in the level of employment in the United States since 2000. B. growing wage inequality in the United States in recent decades. C. a slowdown in real wage growth since the 1970s. D. substantial growth in real wages during the last century.