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:

Opportunity Cost

is the value of the best alternative forgone when a choice is made between competing options, representing the trade-offs associated with every decision.

Revenue Potential

The maximum amount of income that could be generated from a particular market or product, under ideal conditions.

Utility

A measure of satisfaction or happiness that a person derives from consuming goods and services.

Marginal Utility

The additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.