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Under This Policy,when a Territory's Population Reached 60,000 They Could

question 60

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Under this policy,when a territory's population reached 60,000 they could petition Congress for statehood.


Definitions:

Workers

Individuals who perform services or labor for compensation.

Marginal Product

The extra output generated by adding a single unit of a specific input while keeping all other inputs unchanged.

Price of Capital

the cost of using capital assets for production, often reflected in interest rates or rental charges of capital equipment.

Price of Labor

The wages or compensation earned by workers for their labor, often determined by supply and demand in the labor market.

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