When land across the mountains became available in the early nineteenth century,
(a) much of New England was simply abandoned by people primarily interested in farming.
(b) live-stock raising, dairying and lumbering kept rural New England from being totally abandoned.
(c) very few New England farmers elected to stay in New England.
(d) Manufacturing quickly replaced New England farming.
(b)
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A reason for dissavings in the economy could include:
A. College students who overspend with expectations of a higher income after their education is complete. B. Breakup of families where the major wage earner leaves the household. C. Death of a household's major wage-earner. D. Unforeseen expenditures that cannot be covered by immediate household income. E. All of the above.
If financial markets were perfect, financial intermediaries would
A) be illegal. B) handle roughly half of all finance. C) be the conduit of all finance. D) probably not exist.