What was the least important reason for the failure of the Virginia Company?
a. Difficulty in finding good crops to grow
b. The Company's employees had unforeseen labor alternatives.
c. There was a relatively small incentive for employees to work hard.
d. The death rate was much higher than they expected.
a. Difficulty in finding good crops to grow.
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A market situation where a small number of sellers compose the entire industry is called: a. monopolistic competition. b. monopoly
c. oligopoly. d. perfect competition.
Economic growth can be pictured in a production possibilities curve diagram by
A) shifting the production possibilities curve in. B) shifting the production possibilities curve out. C) making the production possibilities curve straighter. D) moving from a point inside the production possibilities curve to a point on the curve.