Critics of Douglass North's "market opportunity response" model suggest that surges in land sales in the Old Northwest in the 1810s, 1830s and 1850s were due to
a. improved transportation between the Old Northwest and the Northeast.
b. rising prices for hogs.
c. a reduction of British interference.
d. pervasive land speculation.
d. pervasive land speculation.
Economics
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At what stage of the securitization process was moral hazard a major problem?
a. Mortgage origination. b.Due diligence and mortgage servicing. c. Rating securitized issues. d. All of the above
Economics
If a monopolistically competitive firms incurs an increase in fixed costs, its price will rise and its output will fall
a. True b. False Indicate whether the statement is true or false
Economics