Which of the Following Was True of Small Farmers in 1670s

question 53

Multiple Choice

Which of the following was true of small farmers in 1670s Virginia?

• A) The economy was doing so well that even though they made less money than large-scale planters, their problems were too small to justify their rebellion.
• B) They had access to the best land, but a glut in the tobacco market left them in poverty.
• C) Their taxes were incredibly low-the one issue with which they were pleased.
• D) They could count on the government to help them take over Native American lands and thereby expand their meager holdings.
• E) They lacked access to good land for farming.

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Definitions:

Annual Rate

The interest rate for a period of one year, often used to compare the yields of different investment and financing options.

ABC System

A system of controlling inventory that recognizes the differing cost and importance of various items. A parts are expensive and/or important and are controlled carefully. C parts are cheap and plentiful, so little effort is expended to monitor them. B parts are between As and Cs.

Inventory Management

The oversight of non-capitalized assets (inventory) and stock items, involving the control of ordering, storing, and using a company's inventory.

Accessible

Refers to something that can be easily approached, entered, or used; in financial terms, it may refer to assets or funds that can be readily tapped or utilized.