In 1954, Historian David Potter Called Americans a "People of ____________________

question 31

Short Answer

In 1954, historian David Potter called Americans a "people of ____________________."

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Definitions:

Farmer

An individual engaged in the act of agriculture, raising living organisms for food or raw materials.

Short-Run Supply

The supply of goods that occurs within a timeframe where at least one factor of production is fixed.

Perfectly Competitive

A market structure characterized by a large number of small firms, identical products, and ease of entry and exit.

MC Curve

The graph that shows the relationship between the marginal cost of producing each additional unit and the quantity produced.