A liberal philosophy of land distribution would support which of the following rules about paying for western land?
a. High minimum acreage rules for people buying land
b. High minimum prices for land
c. Credit payments for the land
c. Credit payments for the land
You might also like to view...
Generating electricity creates air pollution. This industry, if left unregulated, will produce at an inefficient market equilibrium where
A) marginal private cost equals marginal social benefit. B) marginal social cost equals marginal social benefit. C) marginal social cost equals marginal private cost. D) marginal social benefit is greater than marginal social cost.
Suppose the country that pegs its currency has an overvalued real exchange rate and that output is currently above the natural level of output. Which of the following will occur as the economy adjusts to this situation?
A) P will decrease over time until Y = Yn. B) A reduction in the pegged value of the domestic currency will cause a leftward shift of the AD curve. C) Net exports will increase as the economy adjusts to this situation. D) Domestic goods will become less competitive as the economy adjusts by itself. E) none of the above