For most of the 19th century in the American West, there was
A. an abundance of labor relative to land.
B. abundance of land relative to labor.
C. an abundance of both labor and land.
D. a scarcity of both labor and land.
B. abundance of land relative to labor.
Economics
You might also like to view...
In economics, the optimal level of pollution is
A) zero. B) the level for which the net benefit from reducing the pollution is greatest. C) the level for which the total benefit from reducing the pollution is greatest. D) the level which generates a positive externality.
Economics
Economists criticize monopolies because monopolies
A) always price discriminate. B) receive accounting profits. C) restrict output and raise prices compared to a competitive situation. D) make consumers pay more for their product than the customers value the product.
Economics