All of the Following Were Characteristics of the New Nation

question 33

Multiple Choice

All of the following were characteristics of the new nation as it went bounding into the nineteenth century in a burst of movement except

• A) New England Yankees, Pennsylvania farmers, and southern yeomen all pushed west in search of cheap land.
• B) vast number of immigrants moved west in search of prodigious opportunity.
• C) better roads, faster steamboats, farther-reaching canals, and tentacle-stretching railroads all helped move people.
• D) newly invented machinery quickened the cultivating of crops and the manufacturing of goods.
• E) the push forward resulted in a stagnant and slow developing economy.

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Definitions:

Saving

The portion of income not spent on current consumption, often put aside for future use or investments.

Disposable Income

Funds available to households for saving and spending once income taxes are deducted.

APC

Average Propensity to Consume, which is the fraction of income spent on consumption.

Gross Investment

The total amount of capital expenditure a company spends on maintaining and increasing the scope of its operations.