In the Mid-1700s,the Number of Poor People in the American

question 92

Multiple Choice

In the mid-1700s,the number of poor people in the American colonies

• A) became greater than in all of Europe.
• B) had increased to the point of overpopulation.
• C) had begun to decline from seventeenth-century levels.
• D) remained tiny compared with the number in Britain.
• E) was about one-third of the population.

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Definitions:

Large Profit

A significantly high net income resulting from the difference between revenue and expenses.

Competitive Market Economy

A market structure characterized by many buyers and sellers, free entry and exit, and a product for which each firm is a price taker.

Economic Progress

The overall growth and improvement in a society's economy, marked by an increase in wealth, quality of life, and standards of living.

Airlines

Companies that provide air transport services for traveling passengers and freight, utilizing aircraft for domestic and international flights.