The Land Ordinance of 1785 Dealing with the Northwest Territory

question 51

Multiple Choice

The Land Ordinance of 1785 dealing with the Northwest Territory indicates that the Confederation Congress

• A) was determined to make land available to small farmers.
• B) believed that new states should gradually earn the rights and privileges afforded the original states.
• C) claimed the right to manage and distribute public lands.
• D) was determined to resolve all the claims of the Indian tribes before allowing white settlers into the region.

Identify the basic differences between macroeconomics and microeconomics.

Explain the economic reasoning behind incentives and how they influence human behavior.

Understand scarcity and how it necessitates economic choice and competitive behavior.

Analyze the impact of government policies and incentives on individual and market behaviors.

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Definitions:

Public Good

Services or products that are non-excludable and non-rivalrous, benefiting all members of a society and not diminished by individual use.

Unscrambled Television

Television content that is broadcast without encryption, making it freely accessible to all viewers with the appropriate reception equipment.

Worth Doing

An activity or task considered to be valuable or beneficial enough to justify the effort or cost involved in carrying it out.

Imperfectly

Generally refers to actions or processes that are executed with flaws or not completed to the highest standard.