In 1901, Connecticut Established the World's First Speed Statute Limiting

question 47

Multiple Choice

In 1901, Connecticut established the world's first speed statute limiting the speed of

• A) boats.
• B) roller skaters.
• C) horse-drawn carriages.
• D) horseless carriages.
• E) bicycles.

---

Definitions:

Economic Functions

Concern the roles and operations of an economy, including production, distribution, and consumption of goods and services among individuals and organizations.

Private Property

A legal designation for the ownership of property by non-governmental legal entities.

Command System

An economic system where production and distribution decisions are made by a central authority.

Central Planning

An economic system in which the government or a central authority makes all decisions about the production and distribution of goods and services.