What was the typical policy of the British colonies toward the practice of "squatting" or freely settling and cultivating the land without any formal transfer of ownership?
(a) Squatting was encouraged by colonial officials as a way to encourage settlement of the land.
(b) Squatting was discouraged by colonial officials because of the legal ownership of land by the Indians.
(c) Squatting was generally discouraged by colonial officials; formal transfer of ownership to
settlers was required because the British Crown and their designated officials claimed
ownership to the land.
(d) There was no general policy toward the practice of "squatting"; it was left to the individual settlers.
(c)
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Which of the following is found ONLY in oligopoly?
A) Producers sell identical products. B) One firm's actions affect another firm's profit. C) Entry into the industry is blocked. D) Sellers face a downward sloping demand curve for their product. E) The firm's demand curve is horizontal.
When foreigners purchase U.S. assets, there is an inflow of funds from abroad and this is recorded as a
A. positive item in the capital account. B. positive item in the current account. C. negative item in the capital account. D. negative item in the current account.