Which of the Following Statements Is the Best Description of Federal

question 78

Multiple Choice

Which of the following statements is the best description of federal land policy from 1790 to 1820?

• A) Federalists encouraged sales of large blocks of land to speculators, whereas Republicans favored selling federal land in smaller tracts to less wealthy buyers.
• B) A political consensus kept land policy above partisan or sectional politics.
• C) Federal land policy was consistent throughout the period.
• D) Federal land was sold off to the highest bidder, usually railroad and canal interests.
• E) The federal government allowed the states total control over the distribution of public lands.

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Definitions:

Price Level

An index that measures the average prices of goods and services in an economy over a period of time.

Given Up

The cost of forgoing the next best alternative when making a decision, also known as opportunity cost.

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The activity engaged in by individuals who are seeking employment, often considered a measure of labor market activity.

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The fluctuations in economic activity that an economy experiences over a period of time, consisting of expansions, or periods of growth, and contractions, or periods of decline.