Figure 19-3 -The Distinguishing Feature of the Land Market Is That the Is

question 12

Multiple Choice

Figure 19-3
-The distinguishing feature of the land market is that the

• A)supply is highly inelastic.
• B)supply is highly elastic.
• C)demand is highly inelastic.
• D)demand is highly elastic.

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Definitions:

Bonus Bill

Legislation proposed after the War of 1812 to allocate federal funds for the construction of roads and canals, which was vetoed by President Madison in 1817 on constitutional grounds.

Unconstitutional

Something that is not in accordance with the constitution of a country or government, and therefore is considered illegal or void.

Federal Assistance

Refers to financial support provided by the federal government to individuals, organizations, or state and local governments, typically for services, projects, or programs that further public objectives.

Steamboat

A boat powered by steam engines, significant in the 19th century for transforming transportation, commerce, and navigation on rivers and lakes.