One Consequence of New England's Uninviting Land Was

question 83

Multiple Choice

One consequence of New England's uninviting land was

• A) an urban migration.
• B) the absence of Indian competition.
• C) a dislike for agriculture.
• D) a desire among Puritans to move into the Southern colonies.
• E) a lack of immigration and thus less ethnic diversity than other regions.

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Definitions:

Economic Profits

The excess of total revenues over total costs, including both explicit and implicit costs.

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.

Long-Run Profits

The amount of money a firm makes after all inputs have been adjusted to their optimal levels, considering the long-term outlook.

Short-Run Profits

Profits earned during a brief period of time, not considering long-term investments or fixed costs.